Oil & Gas Training
and Competency Development

Discipline Business and Project Management
LevelSkill
Duration4 Days
Delivery Mechanism Classroom
Interested in attending this course? Click below to be alerted when scheduled


Print Email

Successful Project Recovery

Every project manager will eventually inherit a project, or recognize that their project is not just struggling, but is in serious trouble of not providing value to the customer, provider or both. These projects typically experience uncontrolled changes in scope, schedule and/or budget; but have also lost the confidence and/or interest of the executive management team and key stakeholders. Strict adherence to project management techniques and best practices are no longer sufficient by themselves in managing the project. The person who is asked to recover such a project, the recovery manager, needs a specialized set of skills and techniques to successfully get the project back on track.

The 5-step project recovery methodology and techniques presented in this course will give structure and guidance to the participants and will teach them how to rescue, turn around, and set a troubled project onto the right path for success. Participants will apply the techniques learned during a recovery workshop, where they will develop a high-level recovery plan presentation for executive management based on their class case study. 

This course qualifies for 30 PDUs.

  • Agenda
  • Audience
  • Prerequisites
  • Agenda

    Day 1

    Introduction to Project Recovery Methodology

    • Step 1: Realizing the Problem
    • Step 2: Audit the Project
      • Advanced EVA
      • Audit techniques - scope and people

    The first day of this course will cover a basic introduction to the Project Recovery Methodology.  Specific topics that will be covered during this day will include realizing the problem, auditing the project, advanced EVA, and audit techniques.              

    Day 2

    Project Recovery Methodology

    • Step 2: Audit the Project (continued)
      • Audit techniques - governance, schedule, and technology
      • Create audit report
    • Step 3: Analyze and Re-plan
      • Root cause analysis
      • Decision making
      • Adjusting Project Management (PM) processes

    Day two will begin with a continued discussion on auditing a project, to include the topics of audit techniques and creating an audit report.  The day will continue with the analyzing and re-planning of a project.  Participants will learn about the root cause analysis, decision making, and adjusting the project management processes.                

    Day 3

    Project Recovery Methodology and Workshop  

    • Step 3: Analyze & Re-plan (continued)
      • Adjusting PM processes - change and risk management
      • Create recovery plan
    • Step 4: Mediate the Recovery Plan
      • Preparation
      • Negotiations
    • Recovery workshop

    On this day, participants will continue their discussion of the Step 3: Analyze and Re-plan a project.  Specific topics will include change, risk management, and creating a recovery plan.  The day will continue with the mediate recovery plan preparation and negotiation.  Attendees will participate in a recovery workshop at the end of day.                

    Day 4

    Project Recovery Methodology and Workshop Results

    • Recovery workshop and results
    • Step 5: Execute the Recovery Plan
    • Project closeout and lessons learned

    The last day of this course will focus on the recovery workshop and results.  Participants will also learn about executing the recovery plan, as well as, project closeout.  The day will end with a discussion of lessons learned.                

  • Audience

    Experienced project managers, program managers, and recovery managers whom have a Project Management Professional (PMP)® certification or have completed a 35 hour PDU project management fundamentals course with at least 5 years of experience managing projects.  See the prerequisites section for more details.

  • Prerequisites

    Project Management Professional (PMP)® certification or completion of a 35 hour PDU project management fundamentals course with at least 5 years experience managing projects.  NExT courses which fulfill the 35 hour PDU requirement are: 

    • Project Management Fundamentals
    • Project Management  

    As participants will use their own real-life case studies for the workshop, they should gather, in advance, key project documents of a current or previously troubled project they have been involved with.  Suggested documents include: 

    • Initiation Documents
    • Planning Documents
    • Profit & Loss Statements (P&L)
    • Communication Examples
  • Prerequisites

NExT Technical Forum:
Continue your in-class discussion and questions in an online community