Early Warning Signs in Complex Projects

Early Warning Signs in Complex Projects
Author: Ole Jonny Klakegg
Publisher: Project Management Institute
Total Pages: 220
Release: 2010-12-01
Genre: Business & Economics
ISBN: 1628251697

Complex projects are often the most high-profile projects within an organization. How can early warning signs be identified and acted upon, so that problems are avoided and projects are successful in delivering the expected value for their owners and other stakeholders? What signals should we look for? Looking for early warning signs takes more than a keen eye. Collaborating with the Norwegian University of Science and Technology in Trondheim and the University of Southampton in the United Kingdom, Ole Jonny Klakegg, Terry Williams, Derek Walker, Bj&ørn Andersen, and Ole Morten Magnussen have expanded on their research of governance frameworks and guidelines as well as provided interviews with experts and case studies from Australia, Norway, and the United Kingdom. This international report identifies early warning signs in highly complex projects and offers tips on how to combat them.

Identifying and Acting on Early Warning Signs in Complex Projects

Identifying and Acting on Early Warning Signs in Complex Projects
Author:
Publisher:
Total Pages: 17
Release: 2012
Genre: Risk assessment
ISBN:

Complex projects often do not behave in the way expected, and in particular, effects within complex projects are often time-delayed and take time to emerge. This paper considers identification of early warning signs (EWS) in projects, and project professionals are not good at detecting or acting on EWS. This paper includes a literature review, which provides much information on identifying uncertainties in project development, as a starting point and confirms that project managers are not good at recognizing early warning signs. It reports on a comprehensive exploratory fieldwork designed to look at how project owners actually install regulatory frameworks with project assessments, and discusses some aspects of the outcome. The authors first examined a selection of nine (public and private sector) governance frameworks to find out how frequently project assessments are made, and what the guidelines prescribe as good practice. The barriers to identifying early warning signs are identified. The nature of EWS and their detection change with the evolving situation. Project assessments, typically part of gateways, are useful in identifying EWS connected to the formalities of the project. As complexity increases, assessments have more limited use, and the project is increasingly dependent on detecting EWS by informal "gut feeling." Thus, knowledge, experience, and communication skills are increasingly important in complex situations. The paper concludes with a list of early warning signs.

The Early Warning Procedure in Projects

The Early Warning Procedure in Projects
Author: Sara Hajikazemi
Publisher: LAP Lambert Academic Publishing
Total Pages: 228
Release: 2015-11-06
Genre:
ISBN: 9783659588235

Despite the application of project management tools and techniques in projects worldwide, still a large number of projects fail to meet their objectives. Based on studies on the history of failed projects, it is obvious that projects do not result in failure overnight. With hindsight, project managers are often able to point out the most likely factors leading to project failure. One approach towards prevention of project failure or deviation from the main goal is to attempt to detect possible signs of project failure in early stages of projects. These signs are referred to as Early Warning signs. The challenge for project managers is to identify these signs and attempt to respond to them in order to prevent the negative circumstances. Although it is not a proven fact that identification of EW signals is a guarantee against project failure, there are a number of resources which consider paying attention to these signals and attempt to respond to them as a contribution to project success. This book provides better understanding of the Early Warning phenomenon, possible approaches for identifying them and the barriers against effective responses to these signs in practice.

A Review on Possible Approaches for Detecting Early Warning Signs in Projects

A Review on Possible Approaches for Detecting Early Warning Signs in Projects
Author: Sara Haji-Kazemi
Publisher:
Total Pages: 15
Release: 2013
Genre: Project management
ISBN:

This paper provides an overview of the full extent of early warning detection approaches, which are directly or indirectly addressed in the literature. These approaches can aid project managers in taking corrective actions timely enough for preventing failures. This paper is based on a review of the current literature within the field of early warning in project management and on the authors' experiences gained from practice. It also builds upon the authors' experiences in various forms, both through advising and supervising project management teams and through observations and studies of projects. The authors extract possible approaches for early warning signs (EWS) from the literature and practical experience, and make a thorough discussion of their strengths and weaknesses. Specifically, the paper addresses these questions: (1) What approaches exist for detecting early warning signs and how can they be categorized; and (2) What are the strengths and weaknesses of different EWS detection approaches under different circumstances? The authors conclude that the choice of the most effective approach is arguably dependent on the type of project, organizational culture, and the project environment.

Project Management

Project Management
Author: Harold Kerzner
Publisher: John Wiley & Sons
Total Pages: 1820
Release: 2013-02-04
Genre: Technology & Engineering
ISBN: 111841585X

The bestselling project management text for students and professionals—now updated and expanded This Eleventh Edition of the bestselling "bible" of project management maintains the streamlined approach of the prior editions and moves the content even closer to PMI®'s Project Management Body of Knowledge (PMBOK®). New content has been added to this edition on measuring project management ROI, value to the organization and to customers, and much more. The capstone "super" case on the "Iridium Project" has been maintained, covering all aspects of project management. Increased use of sidebars throughout the book helps further align it with the PMBOK and the Project Management Professional (PMP®) Certification Exam. This new edition features significant expansion, including more than three dozen entirely new sections and updates on process supporting; types of project closure; project sponsorship; and culture, teamwork, and trust. This comprehensive guide to the principles and practices of project management: Offers new sections on added value, business intelligence, project governance, and much more Provides twenty-five case studies covering a variety of industries, almost all of which are real-world situations drawn from the author's practice Includes 400 discussion questions and more than 125 multiple-choice questions Serves as an excellent study guide for the PMP Certification Exam (PMI, PMBOK, PMP and Project Management Professional are registered marks of the Project Management Institute, Inc.)

Project Management Metrics, KPIs, and Dashboards

Project Management Metrics, KPIs, and Dashboards
Author: Harold Kerzner
Publisher: John Wiley & Sons
Total Pages: 387
Release: 2011-07-15
Genre: Technology & Engineering
ISBN: 1118084772

Essential strategies from Harold Kerzner on measuring project management performance The maze-like path of today's projects reflects a business environment that's growing in complexity. Factors influencing projects, such as new advancements in computer technology, an unpredictable economy, and the increase in stakeholder involvement make metrics and key performance indicators (KPI) for project management an important focus. Such measures are commonly used to help an organization define and evaluate how successful it is, typically, in terms of making progress towards its long-term organizational goals. Project Management Metrics, KPIs, and Dashboards helps functional managers gain a thorough understanding of what metrics are and how they can be best implemented to gain traction in a fast-paced and diverse working atmosphere. With content aligned with PMI's PMBOK® Guide, this book offers extensive coverage on KPIs and how they may be monitored, using techniques such as business dashboards to assist in prescribing meaningful business strategies. After reading this book, functional managers will bolster their awareness of what good metrics management really entails—and be armed with the knowledge to measure performance more effectively. This book begins with basic KPI principles, helping functional managers deal with such key issues as: Successfully integrating KPIs and metrics into managing a project within a business strategy Important business dashboard techniques used in monitoring performance What is really important to different stakeholders in a project Managing resistance to change Next the book explores the key questions to ask before implementing a dashboard or reporting system. Some of these questions include: What are your needs? What is involved in integration? What's involved in operations and maintenance? What does the system cost? How long will the system last? Throughout the book, helpful illustrations clarify complex concepts and processes. These illustrations are also available as PowerPoint slides for course and seminar presentations.

Innovation Project Management

Innovation Project Management
Author: Harold Kerzner
Publisher: John Wiley & Sons
Total Pages: 628
Release: 2023-03-08
Genre: Business & Economics
ISBN: 111993124X

Actionable tools, processes, and metrics for successfully managing innovation projects, with exclusive insights from world-class organizations around the world The newly revised Second Edition of Innovation Project Management offers students and practicing professionals the tools, processes, and metrics needed to successfully manage innovation projects, providing value-based innovation project management metrics as well as guidance for how to establish a metrics management program. The highly qualified author analyzes innovation from all sides; through this approach, Innovation Project Management breaks down traditional project management methods and explains why and how innovation projects should be managed differently. The Second Edition includes exclusive insights from world-class organizations such as IBM, Hitachi, Repsol, Philips, Deloitte, IdeaScale, KAUST, and more. It includes six all new case studies, featuring a dive into brand management innovation from Lego. Each case study contains questions for discussion, and instructors have access to an Instructor's Manual via the book's companion website. Specific ideas discussed in Innovation Project Management include: Continuous versus discontinuous innovation, incremental versus radical innovation, understanding innovation differences, and incremental innovation versus new product development Identifying core competencies using SWOT analysis and nondisclosure agreements, secrecy agreements, and confidentiality agreements Implications and issues for project managers and innovation personnel, active listening, pitching the innovation, and cognitive biases Measuring intangible assets, customer/stakeholder impact on value metrics, customer value management programs, and the relationship between project management and value??? With its highly detailed and comprehensive coverage of the field, and with case studies from leading companies to show how concepts are applied in real-world situations, Innovation Project Management is a must-have title for practicing project managers, as well as students in project management, innovation, and entrepreneurship programs.