Project Turnaround

Rescuing Troubled Projects and Restoring Confidence

Even the most promising projects can lose their way. Cost overruns, missed deadlines, scope creep, and team disengagement are common challenges that can derail critical initiatives and jeopardize strategic goals. At StratosView, our Project Turnaround service specializes in quickly diagnosing the root causes of project failure, stabilizing operations, and steering derailed projects back on track to successful completion.

Is your project falling behind schedule, exceeding its budget, or failing to meet expectations? Are stakeholders losing confidence, and is your team feeling overwhelmed? We provide the decisive action and expert guidance needed to identify the issues, implement immediate fixes, and build a clear path forward.

Our Strategic Project Turnaround Approach:

We act swiftly to assess the situation, intervene effectively, and establish a renewed foundation for success. Our proven methodology includes:

1. Rapid Assessment - Understand What Went Wrong and Why:

Our first step is to conduct a rapid, yet comprehensive, assessment. We dive deep into the project's history, current state, and underlying dynamics.

This involves:

Root Cause Analysis: Identifying the precise reasons for project distress, whether they are related to scope, resources, timeline, budget, communication, or technical issues.
Performance Metrics Review: Analyzing current performance against original baselines to quantify the extent of the deviation.
Team Dynamics & Morale Assessment: Understanding internal challenges and potential friction points within the project team.

2. Comprehensive Stakeholder Assessment:

We facilitate candid conversations with all key stakeholders, from executive sponsors and business leaders to project teams and external vendors. Our goal is to meet with stakeholders to get a complete program appraisal, gathering diverse perspectives, uncovering hidden concerns, and rebuilding alignment on project objectives and risks.

3. Deliverable Review and Remediation:

A critical step in stabilization is assessing the quality and completeness of existing work. We conduct a thorough deliverable review, identifying any faulty, incomplete, or missing outputs. Based on this, we define and execute remediation tasks to correct errors and bring deliverables up to standard, ensuring a solid foundation for future work.

4. Outline Plan Forward & Gain Leadership Buy-in:

With a clear understanding of the challenges and a path for remediation, we develop a pragmatic recovery plan.

This plan includes:

Revised Scope & Objectives: Realigning project goals with current realities.
Realistic Timelines & Budget: Establishing achievable schedules and resource allocations.
Risk Mitigation Strategies: Proactively addressing potential future roadblocks.
We then work to gain strong leadership buy-in, ensuring executive support and commitment to the revised plan.

5. Update Project Plans and Drive Team Execution Activities:

Once the recovery plan is approved, we don't just hand it over. We actively engage to update project plans with the new scope, timelines, and resource assignments. Crucially, we then drive team execution activities, providing hands-on support, implementing effective governance, and restoring team morale and productivity to accelerate progress toward the new objectives.

This includes:

Implementing enhanced communication protocols.
Establishing rigorous progress tracking and reporting.
Coaching and mentoring project leaders and team members.
Proactively managing dependencies and external factors.

StratosView Consulting LLC