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If I am hired to save a project, my first step would be to spend 4-5 week period to evaluate the project and come up with a project implementation approach.
During the project re-definition phase our charter will be as follows:
Review and update business plan determine if the financial numbers, assumptions, ROI, etc. ... War Story - One of the largest HMO in US Columbia HCA (launched an ambitious IT project, rebuilding their IT systems based on Java and Distributed technologies. After $100 million, business determines that to deploy the project would require spending additional $250 million, $70 million to finish the software system and another $170 million for hardware infrastructure. They shut the project down, wrote off $150 million and their stock went up couple of dollars.
Review Business requirements with project sponsor and re-prioritize the requirements into three categories - Must have, should have and Nice to have. ... War Story – Circa 1997, we joined a project that was $20 million and 4 years into development at a large insurance company. ... We were brought in to define the project plan, but the project was in such a mess that we choose to define the architecture first and then come up with the project plan.
Approximate Word count = 965
Approximate Pages = 3.9
(250 words per page double spaced)
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