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Turnaround Management (MAN42)

    Description

    According to the Standish Group, in 2016 one third of all projects were in trouble and another third was considered as failed. The primary reason for this is the growing complexity of projects, which must be processed in an environment of increasingly chaotic markets. Most projects experience a great deal of process changes. ERP projects - for example - can change entire organisations and are therefore almost predestined to mutate into crisis projects.
    This course deals with a proven model, that includes the analysis of the current status ("as - is") of projects and then leads over to possibilities to stabilise such projects.
    This course also covers classical success and failure factors of projects and guides participants to avoid such problems.

    Course Level: Advanced
    Instructor: Rüdiger Geist

    Designed for you, if you are...

    • Someone with advanced knowledge of project management processes
    • In the situation to take over a running (critical) project
    • In a position to assess or stabilise projects

    How we build your confidence

    The whole course is designed around a realistic case study.
    Participants will be guided along the above-mentioned process model (including exercises and group discussions) and then have to apply everything learnt to the case. A final presentation - including debriefing - finalises the course.

    The benefits from attending

    By the end of this course you will:

    • Know about the essential factors which might lead to troubled projects
    • Be aware of the need to get transparency about the actual status of a project fast
    • Know current approaches of performing project assessments and their advantages and disadvantages
    • Reflect upon the term “crisis”
    • Know approaches during the course of a project stabilisation and understand the psychological aspects of such a stabilisation
    • Be aware of essential factors to prevent slipping off into a crisis again

    Topics

    • Basics and definitions
    • Crisis? What crisis?
    • The right time for intervention
    • The assessor’s role
    • Management of expectations
    • Types of assessments
    • Assessment scoping
    • Assessment process
    • Stabilisation vs. recovery
    • Stabilisation process
    • Preventive measures


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