Please answer based on my attachments only

As we all know, projects can run into trouble. In this Assignment, you will submit a brief summary of a process to recover a distressed project. Summary must be between 500 and 750 words in length. This Assignment is worth 20 points. It is not uncommon for projects to run into trouble. However, there are many Project Management specialists who specialize in rescuing large distressed projects. You have also had a case study of a project in trouble. There are other case studies in Kerzner on checking a project's health. The attachment in this Assignment is one consultant's approach. This consultant made a presentation to the PMI Central Mass Chapter three years back. Please refer to this presentation, and look for other sources on the internet, books etc. to assist you in your summary. More credit and points will be awarded for additional material that you discover in your research. Summary must be between 500 and 750 words in length. This Assignment is worth 20 points. Your concise summary must be submitted as a .doc or a .rtf file. Advanced Management Services V1.0 Recovering Distressed Projects Overview Requests to assist with Distressed Projects haveED Page view A Read aloud T! Add text V Draw Highlight Recovering Distressed Projects Defining Distress Distressed represAM Recovering Distressed Projects A Consulting Life Cycle Very basic life-cycle approach. Quickly and accurately getting to tRecovering Distressed Projects Entering Phase ENTERING Develop Scope of Work Schedule Initial Interviews and Data Gathering Anaylsis and Assessment Phase ANALYSIS & ASSESSMENT Condotti Imer wie Garg Documentation and DR Evaluation Probative DevelopRecovering Distressed Projects CLOSING Solid The Trans Implementation Plans nea Picad Implantacion Execute Project Siguris Fi

Advanced Management Services V1.0 Recovering Distressed Projects Overview Requests to assist with Distressed Projects have been far too frequent for the maturing state of project management. Amidst the chaos and high-emotion, the project must be assessed without prejudgment or bias, and lead to a path of recovery without causing major trauma to the current project team. Discuss a consulting life-cycle approach to uncovering issues that have contributed to the distressed condition and recovering as many of the project's original objectives and expectations as possible. Management Consultants AMS ED Page view A Read aloud T! Add text V Draw Highlight Recovering Distressed Projects Defining Distress "Distressed represents a project or program that is 20%> off its cost and schedule baseline targets, exhibits missed milestones and has demonstrated a pattern of missing key deliverables. Many of these were originally slated as "fast-track project efforts. 1 Management Consultants AMS Advanced Management Services Recovering Distressed Projects AM Recovering Distressed Projects A Consulting Life Cycle Very basic life-cycle approach. Quickly and accurately getting to the heart of the distress, implementing the corrective action plan, executing and controlling new deliverable development, and executing formal project closure practices/processes. ENTERING Develop Scope of Work Schedule Initial Interviews and Data Gathering ANALYSIS & ASSESSMENT Conduct Initial Interviews and Data Gathering Documentation and Data Review Evaluation Probative Interviews Develop Conclusions and Solution Approach Gain Approval Consensus EXECUTION: CONTROL Execution Planning Roles and Responsibility Determination Schedule and Budget Development Project Control Strategies in Place Deliverable Execution and Validation CLOSING Solidify the Transfer Handoff, and Implementation Plans Execute Phased Implementation Execute Project Signoffs Final Audits and Lessons Leared Management Consultants AMS Agama Recovering Distressed Projects Entering Phase ENTERING Develop Scope of Work Schedule initial Interviews and Data Gathering "Entering reminds us that we are not starting with a clean slate in the middle of something failing that requires professionalism, patience, insight, tact and critical thinking in order to make a positive impact. Must exercise diligence to quickly get caught up on the underlying context of the project. Listening and observation are key. Develop scope of work and scope of Recovering Distressed Projects Entering Phase ENTERING Develop Scope of Work Schedule Initial Interviews and Data Gathering Interview a varied group of individuals who are directly and indirectly involved with the project. . The individual responsible for our involvement with the project will have identified the organization's key resources. Must get past the emotion by calling them back to the real events, what happened (not why) A non-biased pair of cold-eyes is critical, be very careful not to "call the baby ugly". AMS C hoty Crk ham Lk Management Consultants Aware Recovering Distressed Projects Anaylsis and Assessment Phase ANALYSIS & ASSESSMENT Conduct Initial Interviews and Data Gathering Documentation and Data Review! Evaluation Probative Interviews Develop Conclusions and Solution Approach Gain Approval Consensus . Most labor intensive part of the assignment and not a glamorous one either. Data documentation is generally presented to us prior to the interviews. Having an opportunity to examine project data documentation helps us form pointed questions prior to the interviews. . Lack of documentation usually signals a lack of execution planning - a key cause in project distress and failure. Management Consultan AMS A Anaylsis and Assessment Phase ANALYSIS & ASSESSMENT Condotti Imer wie Garg Documentation and DR Evaluation Probative Develop Condusi Gopro ard Suson Anorach GAP Conser Solutions are comprised of specific responses to causal factors and vary project Preston martiews to project based on culture, organization, resource levels, management buy-in, etc. The solution(s) must be presented in a logical, "threaded" and no-blame manner in order to gain approval and consensus across the necessary constituencies. . Consensus is key to progressing to Execution as seamlessly as possible. AMS Recovering Distressed Projects Execution and Control Phase This phase signals a temporary sigh of relief and that we have properly assessed the issues with the prior project difficulties and our solution has been validated and approved. A fair amount of execution planning would have been committed to in order to develop sound and approvable solutions. In this phase, we will complete the definitive execution planning for our solution EXECUTION CONTROL Exenon Pang Roles and Responsibility Determination Sched and Budget Developer Pront Control Stranges in Place Dale Exotion and Van . Project Management Risk Management Communications Mgt. Quality Management Execution Plan Elements Design Management Security Management Information Management Controls (Scope, Time, & Cost) Resource Management Quality - Testing - Validation Procurement Management Implementation - Closeout AMS Recovering Distressed Projects EXECUTION- CONTROL Eco Parving Roles and Report Determination Schedule and Budget Deviant Project Control Stranges in Place Deliverable to and Validation Execution and Control Phase Roles and responsibility determination are key. Baseline development and detailed schedules are key. We use a Master Scheduler here. Developing accurate baselines that can be monitored, trended and controlled are well worth the additional cost of the scheduling resource. Project control begins with accurate baselines and transparent expectations: Key milestones identified and atttributed with deliverables Key deliverables with clear completion metrics Formal execution reviews (performance and risk related) Earned Value and Burn Rate strategies (monitoring and trending analysis) Defined and consistent performance reporting requirements for team members AMS Recovering Distressed Projects CLOSING Solid The Trans Implementation Plans nea Picad Implantacion Execute Project Siguris Final Audits and Lassen Leamet Closeout Phase . For most projects (especially large and complex), project closing is accomplished in a phased manner or "rolling-wave" closing. Must guard against "stripping" resources from projects as they appear to be reaching the finish line. Must ensure "handoffs" are well planned (especially in a rolling-wave closing scenario). Execution Close PM Leading Customer AMS Supporting Recovering Distressed Projects Summary . With a detailed and methodical approach to recovering projects, the effort need not be cathartic yet, it is still a wiser and less stressful approach to commit to the proper planning and diligence initially. Www AMS Advanced Management Services V1.0 Recovering Distressed Projects Overview Requests to assist with Distressed Projects have been far too frequent for the maturing state of project management. Amidst the chaos and high-emotion, the project must be assessed without prejudgment or bias, and lead to a path of recovery without causing major trauma to the current project team. Discuss a consulting life-cycle approach to uncovering issues that have contributed to the distressed condition and recovering as many of the project's original objectives and expectations as possible. Management Consultants AMS ED Page view A Read aloud T! Add text V Draw Highlight Recovering Distressed Projects Defining Distress "Distressed represents a project or program that is 20%> off its cost and schedule baseline targets, exhibits missed milestones and has demonstrated a pattern of missing key deliverables. Many of these were originally slated as "fast-track project efforts. 1 Management Consultants AMS Advanced Management Services Recovering Distressed Projects AM Recovering Distressed Projects A Consulting Life Cycle Very basic life-cycle approach. Quickly and accurately getting to the heart of the distress, implementing the corrective action plan, executing and controlling new deliverable development, and executing formal project closure practices/processes. ENTERING Develop Scope of Work Schedule Initial Interviews and Data Gathering ANALYSIS & ASSESSMENT Conduct Initial Interviews and Data Gathering Documentation and Data Review Evaluation Probative Interviews Develop Conclusions and Solution Approach Gain Approval Consensus EXECUTION: CONTROL Execution Planning Roles and Responsibility Determination Schedule and Budget Development Project Control Strategies in Place Deliverable Execution and Validation CLOSING Solidify the Transfer Handoff, and Implementation Plans Execute Phased Implementation Execute Project Signoffs Final Audits and Lessons Leared Management Consultants AMS Agama Recovering Distressed Projects Entering Phase ENTERING Develop Scope of Work Schedule initial Interviews and Data Gathering "Entering reminds us that we are not starting with a clean slate in the middle of something failing that requires professionalism, patience, insight, tact and critical thinking in order to make a positive impact. Must exercise diligence to quickly get caught up on the underlying context of the project. Listening and observation are key. Develop scope of work and scope of Recovering Distressed Projects Entering Phase ENTERING Develop Scope of Work Schedule Initial Interviews and Data Gathering Interview a varied group of individuals who are directly and indirectly involved with the project. . The individual responsible for our involvement with the project will have identified the organization's key resources. Must get past the emotion by calling them back to the real events, what happened (not why) A non-biased pair of cold-eyes is critical, be very careful not to "call the baby ugly". AMS C hoty Crk ham Lk Management Consultants Aware Recovering Distressed Projects Anaylsis and Assessment Phase ANALYSIS & ASSESSMENT Conduct Initial Interviews and Data Gathering Documentation and Data Review! Evaluation Probative Interviews Develop Conclusions and Solution Approach Gain Approval Consensus . Most labor intensive part of the assignment and not a glamorous one either. Data documentation is generally presented to us prior to the interviews. Having an opportunity to examine project data documentation helps us form pointed questions prior to the interviews. . Lack of documentation usually signals a lack of execution planning - a key cause in project distress and failure. Management Consultan AMS A Anaylsis and Assessment Phase ANALYSIS & ASSESSMENT Condotti Imer wie Garg Documentation and DR Evaluation Probative Develop Condusi Gopro ard Suson Anorach GAP Conser Solutions are comprised of specific responses to causal factors and vary project Preston martiews to project based on culture, organization, resource levels, management buy-in, etc. The solution(s) must be presented in a logical, "threaded" and no-blame manner in order to gain approval and consensus across the necessary constituencies. . Consensus is key to progressing to Execution as seamlessly as possible. AMS Recovering Distressed Projects Execution and Control Phase This phase signals a temporary sigh of relief and that we have properly assessed the issues with the prior project difficulties and our solution has been validated and approved. A fair amount of execution planning would have been committed to in order to develop sound and approvable solutions. In this phase, we will complete the definitive execution planning for our solution EXECUTION CONTROL Exenon Pang Roles and Responsibility Determination Sched and Budget Developer Pront Control Stranges in Place Dale Exotion and Van . Project Management Risk Management Communications Mgt. Quality Management Execution Plan Elements Design Management Security Management Information Management Controls (Scope, Time, & Cost) Resource Management Quality - Testing - Validation Procurement Management Implementation - Closeout AMS Recovering Distressed Projects EXECUTION- CONTROL Eco Parving Roles and Report Determination Schedule and Budget Deviant Project Control Stranges in Place Deliverable to and Validation Execution and Control Phase Roles and responsibility determination are key. Baseline development and detailed schedules are key. We use a Master Scheduler here. Developing accurate baselines that can be monitored, trended and controlled are well worth the additional cost of the scheduling resource. Project control begins with accurate baselines and transparent expectations: Key milestones identified and atttributed with deliverables Key deliverables with clear completion metrics Formal execution reviews (performance and risk related) Earned Value and Burn Rate strategies (monitoring and trending analysis) Defined and consistent performance reporting requirements for team members AMS Recovering Distressed Projects CLOSING Solid The Trans Implementation Plans nea Picad Implantacion Execute Project Siguris Final Audits and Lassen Leamet Closeout Phase . For most projects (especially large and complex), project closing is accomplished in a phased manner or "rolling-wave" closing. Must guard against "stripping" resources from projects as they appear to be reaching the finish line. Must ensure "handoffs" are well planned (especially in a rolling-wave closing scenario). Execution Close PM Leading Customer AMS Supporting Recovering Distressed Projects Summary . With a detailed and methodical approach to recovering projects, the effort need not be cathartic yet, it is still a wiser and less stressful approach to commit to the proper planning and diligence initially. Www AMS