Project rescue

When projects fail, project managers can only fix what they can see. And the only way to see project problems is to measure the project's performance. This article discusses a three-pronged approach to managing projects and rescuing runaway projects, an approach developed by David Koenig that uses metrics in relation to micromanaging project plans, budgets, and scope and quality. In doing so, it outlines four dimensions of effective project governance--release, functionality group, team, and phase. It also explains how project managers can practice frugal budgeting and scoping. It discusses the advantages of using metrics to track and oversee projects, particularly when the results generated by the metrics are reported to steering committees and executives. It then describes three essential metrics: due versus done, stage gate status, and defects backlog. Accompanying this article are two sidebars: One lists the symptoms causing three types of project failure; the other shows the results of using the due-vers
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