Assess the project’s original goals and objectives, the plan, completion criteria, and requirements
prioritization to understand the definition of project success. Organize the requirements for allocation
and re-estimation if not previously done (this is a high level exercise to get an order-of-magnitude
indication).
►What is the status of the project?
Using earned value principles perform the following to determine the status of the project.
Determine the status of the project budget by utilizing project tracking tools that show the plan actual
budget consumption; forecast out to completion of the project, taking re-estimation into account.
Determine scope completed so far and the amount remaining to be accomplished. Determine
project risks and management of those risks to date, Understand and prioritize project constraints
from stakeholders, to include timeline, scope, cost, risk, expected return on investment, and
deployment and maintenance costs.
►What will it take to complete the project?
Work with the project team to re-estimate the remaining scope and organize into deliverable phases.
Work with the stakeholders to prioritize the remaining scope and approve the deliverable “phases”.
Work with the executive stakeholders to determine multiple courses of action. Analyze the alternatives
against the objectives and constraints and work with the stakeholders to determine next course of
action. At this point a Project Turn-Around Report will be documented containing multiple courses of
action with associated risks and ROI options. The report is reviewed by the appropriate participants,
and presented to the project decision makers.
►A Roadmap to Success!
