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THE 5 PHASESOF A PROJECTTURNAROUNDYour projects will go through crisisanyway, so go and deal with itPMI Project Zone Congr...
Torsten J. KoertingTwitter: @TorstenKoertingwww.torstenkoerting.comwww.projectyzer.comXING: www.xing.com/profile/Torsten_K...
PROJECTS DOFAIL
STUTTGART 21
ELB PHILHARMONIE
TOLL COLLECT
CHANNEL CROSSING
BERLIN BRANDENBURG
DREAMLINER
YOUR PROJECT ?
DO NOT LOOK FOR   PATTERNS
EVERY 3RD PROJECT FAILS© GPM Studie 2006
DUE TO VARIOUS REASONS© GPM Studie 2006
BOTTOM LINE ...It’s all about the STARTGood stuff, as you cant change thatOnce your are in the projectIt’s all about the P...
✗A GIVE      N
THE VISIONSCOPETo write a unique BOOK,with innovative IDEAS and CONTENT,remarkable APPROACHES,TARGET AUDIENCEfor SENIOR Pr...
Wenn Projekte kopfstehen und klassischesProjektmanagement versagtRoger Dannenhauer, Torsten J. Koerting, Michael Merkwitza...
START WITH WHY !              Why              You need to deal with              TurnAround’s, Crisis and              po...
TURN AROUND & CRISISA DEFINITIONA Project ora major Deliverable thatin a specific point in timemight or will havea severe ...
WHEN IS ITA TURN AROUNDOR A CRISIS ?
HERE ?
HERE ?
OR HERE ?
THE 5 PHASES OFA TURN AROUND    Sustain                          RecognizeTransform                   Analyze             ...
AND WHYSHOULD YOU CARE ?A) a TA can be small or BIGB) small TA’s in a rowC) TA’s could become huge wavesD) TA’s could mult...
YOUCONSTANTLY  HAVE TO DEAL WITH   TURN  AROUNDS
‚Hope is not a method !‘   Gordon R. Sullivan
#IMPULSESto be able to deal with a TurnAround
THE 5 PHASES OFA TURN AROUND    Sustain                          RecognizeTransform                   Analyze             ...
PHASE 1RECOGNIZE   Running well, Early Warning Signs, Sensing,  Focus, Motivation, Excuses, Symptoms, Ironie, Euphory, No ...
EARLY WARNING SIGNS
EARLY WARNING SIGNS
FOCUS ON THEROOT CAUSENOT THE SYMPTOM           ✗       ✓
THE 5 PHASES OFA TURN AROUND    Sustain                          RecognizeTransform                   Analyze             ...
PHASE 2ANALYZE & QUICK WINS  Influence from the Outside, Increased Activity, Fear,       Keep Calm and Keep Calm and Keep ...
KNOW YOUR PROJECT
WWW.TURNAROUNDPM.COM/PROJECT-SQUARE/
MIND-SET                                                                          e             borati                    ...
KNOW YOUR BEAST                          Aaro                              n  J.  S                                      h...
KNOW YOUR BEAST                             Technology                                         Super-high-tech            ...
CONSTANTLY ANALYZE
LEARN TO ASKTHE RIGHT QUESTIONS
QUICK WINS             ✓       ✗
THE 5 PHASES OFA TURN AROUND    Sustain                          RecognizeTransform                   Analyze             ...
PHASE 3STABILIZE  Hope and Spirit of optimism, Trust and RelationshipBuilding, Norming, Scope / Time / Quality Adjustement...
KNOW YOUR PEERS•    Impulse Key Question•    YOU – in the middle•    Bubble – Stakeholder Group or Person•    Size of Bubb...
... AND YOUR STAKEHOLDERSInfluencing                Supportive
BEST FIT•    Team Member•    Key Resource (Yes / No)       Adjust         Identify•    Activities / Responsibilities•    D...
PROCESSES THAT FITYOUR PURPOSE AND NOTTHEIR DUTY     ✗           ✗            +           −
ENJOYTHE TIPPING POINT                        It will get                   better from now on   It will never   feel as g...
THE 5 PHASES OFA TURN AROUND    Sustain                          RecognizeTransform                   Analyze             ...
PHASE 4TRANSFORMCooking with Gas, Focus on Outcome and Project Target,Small Adjustments, People Focused, Mind-Set Change, ...
ENGAGE WITH YOURPEOPLE
INTERACTION ROOM
PHASE 5SUSTAIN           TurnAround achieved, Proudness,Self-Confidence, Making sure to not run into the samePitfalls agai...
IT‘S ALL ABOUT PEOPLE         Cooperation  Learnings       Structure
‚Consistent Project Management without excuses !‘   Torsten J. Koerting
START WITH WHY !              Why              You need to deal with              TurnAround’s, Crisis and              po...
PROTOTYPING PROCESS ...  Learn             Build          Measure
IN TA SITUATIONS ITCOULD LOOK LIKE THIS ...   Apply             Sense           Reflect
‚If you are going through hell, keep on going !‘   Winston Churchill
GET ENGAGED            5. Impuls-Workshop            12th and 13th April 2013            www.TurnAroundPM.com            w...
BUSINESS CARDT   Template Project SquareB   Book raffleC   Call me… and you will receive furtherinformation from time to t...
THANK YOUJOIN OUR COMMUNITYENGAGEGET INVOLVEDSHARE IDEASBECOME A CO-AUTHORWWW.TURNAROUNDPM.COMWWW.TURNAROUNDHUB.COM
?QUESTIONS
Picture Credits•    Dreamliner - http://www.flickr.com/photos/jnsabino/759303928/•    Dreamliner2 - http://www.flickr.com/...
The 5 Phases of a Project TurnAround - How to rescue troubled projects
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The 5 Phases of a Project TurnAround - How to rescue troubled projects

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Projects do fail.
Whether they are big or small. At some point they will go through crisis and major challenges. This presentation focuses on how to recover troubled projects.
Questions that will be answered:
Why do projects fail?
What are the 5 phases of a TurnAround
What Tools / Methods / Approaches to use to help you recover
Understand the concepts by applying them to actual living cases
Learn how to apply them in your own environment
Content is based on the book project www.turnaroundpm.com which will be published in May / June this year.

Published in: Business

The 5 Phases of a Project TurnAround - How to rescue troubled projects

  1. 1. THE 5 PHASESOF A PROJECTTURNAROUNDYour projects will go through crisisanyway, so go and deal with itPMI Project Zone Congress - FrankfurtTuesday, March 19th, 2013Torsten J. Koerting@TorstenKoerting
  2. 2. Torsten J. KoertingTwitter: @TorstenKoertingwww.torstenkoerting.comwww.projectyzer.comXING: www.xing.com/profile/Torsten_KoertingMail: torsten.koerting@gmail.comTel.: +49(0) 172 372 3759
  3. 3. PROJECTS DOFAIL
  4. 4. STUTTGART 21
  5. 5. ELB PHILHARMONIE
  6. 6. TOLL COLLECT
  7. 7. CHANNEL CROSSING
  8. 8. BERLIN BRANDENBURG
  9. 9. DREAMLINER
  10. 10. YOUR PROJECT ?
  11. 11. DO NOT LOOK FOR PATTERNS
  12. 12. EVERY 3RD PROJECT FAILS© GPM Studie 2006
  13. 13. DUE TO VARIOUS REASONS© GPM Studie 2006
  14. 14. BOTTOM LINE ...It’s all about the STARTGood stuff, as you cant change thatOnce your are in the projectIt’s all about the PEOPLEGood stuff, so lets focus on themand our selfIt’s all about the COMPLEXITYGood stuff, lets reduce it and learnhow to manage crisis along the way
  15. 15. ✗A GIVE N
  16. 16. THE VISIONSCOPETo write a unique BOOK,with innovative IDEAS and CONTENT,remarkable APPROACHES,TARGET AUDIENCEfor SENIOR Project managersand the ones to become one,PURPOSEto manage and be successful inTurn Around Projects,to position our self in the market placeand to have less projects failures.
  17. 17. Wenn Projekte kopfstehen und klassischesProjektmanagement versagtRoger Dannenhauer, Torsten J. Koerting, Michael Merkwitzawww.TURNAROUNDPM.com
  18. 18. START WITH WHY ! Why You need to deal with TurnAround’s, Crisis and potential failures all the time ! Get ready and be prepared How The tools and approaches that I think are relevant and appropriate to deal with it What What exactly you need to do in your specific situation is totally up to YOU
  19. 19. TURN AROUND & CRISISA DEFINITIONA Project ora major Deliverable thatin a specific point in timemight or will havea severe slippagein Time to deliver,on Money spentor in Quality achieved.
  20. 20. WHEN IS ITA TURN AROUNDOR A CRISIS ?
  21. 21. HERE ?
  22. 22. HERE ?
  23. 23. OR HERE ?
  24. 24. THE 5 PHASES OFA TURN AROUND Sustain RecognizeTransform Analyze Stabilize
  25. 25. AND WHYSHOULD YOU CARE ?A) a TA can be small or BIGB) small TA’s in a rowC) TA’s could become huge wavesD) TA’s could multiply across hierarchies
  26. 26. YOUCONSTANTLY HAVE TO DEAL WITH TURN AROUNDS
  27. 27. ‚Hope is not a method !‘ Gordon R. Sullivan
  28. 28. #IMPULSESto be able to deal with a TurnAround
  29. 29. THE 5 PHASES OFA TURN AROUND Sustain RecognizeTransform Analyze Stabilize
  30. 30. PHASE 1RECOGNIZE Running well, Early Warning Signs, Sensing, Focus, Motivation, Excuses, Symptoms, Ironie, Euphory, No real Progress, Settled State, Green or Yellow
  31. 31. EARLY WARNING SIGNS
  32. 32. EARLY WARNING SIGNS
  33. 33. FOCUS ON THEROOT CAUSENOT THE SYMPTOM ✗ ✓
  34. 34. THE 5 PHASES OFA TURN AROUND Sustain RecognizeTransform Analyze Stabilize
  35. 35. PHASE 2ANALYZE & QUICK WINS Influence from the Outside, Increased Activity, Fear, Keep Calm and Keep Calm and Keep Calm, Understand your Project & Beast, Analyze and applyMeasures, Establish Core Team and plan your TurnAround
  36. 36. KNOW YOUR PROJECT
  37. 37. WWW.TURNAROUNDPM.COM/PROJECT-SQUARE/
  38. 38. MIND-SET e borati ve focused P reserv colla intere stsPROJECTOFFER PEOPLE (INTERN & EXTERN) TARGET AUDIENCES Lots of Traveler s Aiport led peop le skil External partners Local ts $$$ KEY RESOURCES residen Land Various Interest 13 June 20 C onstruc tion groups supplyDAMAGE BENEFIT Shorter Damage Noise transitio d ort n rp habitat 3 vs 1 ai
  39. 39. KNOW YOUR BEAST Aaro n  J.  S henh ar ov   Dvir D
  40. 40. KNOW YOUR BEAST Technology Super-high-tech High-tech Medium-tech Low-tech Array System Assembly NoveltyComplexity Derivative PlatformBreakthrough Regular Fast/competitive Aaro n J. Dvir SheDov nha r Time-critical Blitz Pace
  41. 41. CONSTANTLY ANALYZE
  42. 42. LEARN TO ASKTHE RIGHT QUESTIONS
  43. 43. QUICK WINS ✓ ✗
  44. 44. THE 5 PHASES OFA TURN AROUND Sustain RecognizeTransform Analyze Stabilize
  45. 45. PHASE 3STABILIZE Hope and Spirit of optimism, Trust and RelationshipBuilding, Norming, Scope / Time / Quality Adjustements set, New Plan and new Approach, Consistent Project Management without excuses
  46. 46. KNOW YOUR PEERS•  Impulse Key Question•  YOU – in the middle•  Bubble – Stakeholder Group or Person•  Size of Bubble – Size of Group•  Distance – Importance of Group / Person•  # of Lines – Intensiveness of Communication•  or - Bad or Good Relationship
  47. 47. ... AND YOUR STAKEHOLDERSInfluencing Supportive
  48. 48. BEST FIT•  Team Member•  Key Resource (Yes / No) Adjust Identify•  Activities / Responsibilities•  Deliverables Iterate•  Efforts (4 weeks / 3 month)•  Vendor•  Contract Situation Validate
  49. 49. PROCESSES THAT FITYOUR PURPOSE AND NOTTHEIR DUTY ✗  ✗ +  −
  50. 50. ENJOYTHE TIPPING POINT It will get better from now on It will never feel as good
  51. 51. THE 5 PHASES OFA TURN AROUND Sustain RecognizeTransform Analyze Stabilize
  52. 52. PHASE 4TRANSFORMCooking with Gas, Focus on Outcome and Project Target,Small Adjustments, People Focused, Mind-Set Change, Strong Communication, Sense of Achievement, Self Responsibility
  53. 53. ENGAGE WITH YOURPEOPLE
  54. 54. INTERACTION ROOM
  55. 55. PHASE 5SUSTAIN TurnAround achieved, Proudness,Self-Confidence, Making sure to not run into the samePitfalls again, Lessons Learned, retain Knowledge and Mind-Set , establish Systematic
  56. 56. IT‘S ALL ABOUT PEOPLE Cooperation Learnings Structure
  57. 57. ‚Consistent Project Management without excuses !‘ Torsten J. Koerting
  58. 58. START WITH WHY ! Why You need to deal with TurnAround’s, Crisis and potential failures all the time ! Get ready and be prepared How The tools and approaches that I think are relevant and appropriate to deal with it What What exactly you need to do in your specific situation is totally up to YOU
  59. 59. PROTOTYPING PROCESS ... Learn Build Measure
  60. 60. IN TA SITUATIONS ITCOULD LOOK LIKE THIS ... Apply Sense Reflect
  61. 61. ‚If you are going through hell, keep on going !‘ Winston Churchill
  62. 62. GET ENGAGED 5. Impuls-Workshop 12th and 13th April 2013 www.TurnAroundPM.com www.TurnAroundHUB.com… and become a Co-Author
  63. 63. BUSINESS CARDT Template Project SquareB Book raffleC Call me… and you will receive furtherinformation from time to time. YOU
  64. 64. THANK YOUJOIN OUR COMMUNITYENGAGEGET INVOLVEDSHARE IDEASBECOME A CO-AUTHORWWW.TURNAROUNDPM.COMWWW.TURNAROUNDHUB.COM
  65. 65. ?QUESTIONS
  66. 66. Picture Credits•  Dreamliner - http://www.flickr.com/photos/jnsabino/759303928/•  Dreamliner2 - http://www.flickr.com/photos/kentaroiemoto/6888463206/•  Suttgart21 - http://www.flickr.com/photos/schockwellenreiter/5768610893/•  Elbphilarmonie - http://www.flickr.com/photos/katjato/7840532620/•  TollCollect - http://www.flickr.com/photos/internationaltransportforum/7135653915/•  ChannelCrossing - http://www.flickr.com/photos/87079797@N02/8009685958/•  BER - http://www.flickr.com/photos/captain_die/8066311249/•  Pattern - http://www.flickr.com/photos/scarygami/5620339694/•  Gordon R. Sullivan - www.ausa.org - Executive Leadership•  Early Warning Sign - http://www.flickr.com/photos/hugosimmelink/2252095723/•  Storm - http://www.flickr.com/photos/84346589@N00/3947024319/•  Simon Sinek - www.ted.com•  Aepfel - http://www.flickr.com/photos/laserrush123/6041628205/•  Churchill - http://www.flickr.com/photos/cstm-mstc/3082707918/•  Churchill2 - http://www.flickr.com/photos/jesterg42/462264627/

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