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no one wants a failing project but it happens the solution is a project turnaround so I will walk you through the five project turnaround steps to rescue a failing project [Music] start lets define what I mean by a failing project and Im going to use a simple definition a failing project is one with severe slippage in schedule budget or quality the definition of severe which is a weaselwood it depends on circumstances the easiest way to think about it is to ask do we still feel in control of slippage using our day-to-day monitoring and control processes if you dont the slippage is severe you need to move into project turnaround mode the five project turnaround steps that well be following are one spot the signs of project failure the first step is to recognize that you have a failure and to trigger your project turnaround process two evaluate the situation now you need to make a critical analysis of what has gone wrong and what your options are to redeem the situation number three
