Raise the red flags
When a company is trying to remain competitive, it is rare for CEOs, CIOs, and other executives to have a firm grasp on the day-to-day developments affecting the projects in their portfolio. This article discusses the steps that upper management can take to facilitate communication with project teams. It stresses the importance for executives to review all projects, not just the ones with obvious warning signs. Indicators of impending trouble include the number of scope changes, budget variance, and amount of labor. Executives should conduct 360-degree reviews of all projects. Accompanying this article is a sidebar that provides tips for consultants who work with project managers outside of their organization.