Five Ways to Get Delayed Projects Back on Track

Five Ways to Get Delayed Projects Back on Track-01

Every project begins with the best of intentions and efforts, but many of them go off course due to poor engagement and missed deadlines. It’s not unusual for a project to go off track. Once that happens, identifying and addressing the pain points of the project is of utmost importance.

A delayed project does not end until it is closed and completed. Under the current enterprise scenario, with a limited number of resources and employees, businesses must make do with what they have. Most must eventually reinvest to expand. Every day that a delay occurs, resources are wasted, and the company incurs additional expenditures. Mistakes can jeopardize the entire project if setbacks aren’t factored in during the planning stage.

Understanding where the breakdown occurs is crucial to determining where the solution should be implemented. Before devising a solution, leaders must thoroughly examine where and why the project is delayed.

Here are some effective project recovery strategies that leaders can adopt to get things moving again.

Get to the bottom of the issue quickly

The first step is to accurately identify the source of the delay or delays. Without understanding the core causes, one risks exacerbating the problem. To effectively determine the right solutions, it is necessary to discover the source of the problems. 

It’s possible that a project is delayed due to supply chain concerns, which have plagued several projects during the COVID-19 pandemic. Perhaps a project has gone off track due to resource issues caused by a lack of staffing – another concern for many companies during the pandemic. Due to a mix of these and other issues, many businesses are having difficulty getting delayed projects back on track. Addressing off-track projects requires addressing the fundamental problem.

Set realistic expectations and goals

In a business environment, managing expectations is essential. By being upfront with both their client and themselves, project managers can avoid setting themselves up for failure. Setting bigger goals may be compelling, but building a trusting relationship with the client is more vital. Setting clear and realistic goals that can be tracked and measured until completion is critical.

It’s critical to determine whether the available resources and the time period are sufficient. Whether the instructions and objectives are clear, and whether everyone in the organization understands them completely.

Also Read: Top Three Business Process Automation Challenges Facing Organizations in 2022

Optimize resource gathering

A company that has all the necessary resources can easily complete a project from start to completion. Organizations have a restricted budget that it allocates to all projects. To keep the business functioning effectively, it’s critical that the project is completed on time and on budget. If leaders believe their team and resources are insufficient, they should revise their project plan to allow for bigger funds. They must remember to factor in expenditures such as overhead and supplemental materials.

Regularly measure progress

As the project progresses, ensuring that activities and teams stay on track keeps the project on track to completion. Only when the information conveyed is maximized is it possible to chart progress. These performance indicators provide crucial information for accomplishing objectives and adhering to the project plan. 

Maintain communication with essential stakeholders

When the wheels fall off the waggon, one of the most crucial actions is to keep key stakeholders informed throughout the project. This kind of communication, unfortunately, is often overlooked, as project managers often become overburdened or hopeful that they can fix things before stakeholders notice there is an issue with the project they are in charge of.

Stakeholder management should include transparency; it’s ideal to be honest, forthright, and timely. Most stakeholders would prefer to be informed about project concerns right away and have a say in the matter. Projects are a collaborative effort, and stakeholders can play an important role in identifying solutions.

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Prangya Pandab is an Associate Editor with OnDot Media. She is a seasoned journalist with almost seven years of experience in the business news sector. Before joining ODM, she was a journalist with CNBC-TV18 for four years. She also had a brief stint with an infrastructure finance company working for their communications and branding vertical.