Assessment and Recovery of Troubled Projects
Identify, assess and learn how to recover troubled projects, minimizing the adverse effects of a failure on your organization and your work team.
Watch Promo Enroll in CourseWelcome to the Assessment and Recovery of Troubled Project!
According to data from the Standish Group and several other organizations, most projects fail either partially or wholly.
There is currently a thorough study of the identification and recovery of troubled projects. In this course, you will learn how to identify problem triggers and indicators that will allow you to respond to challenges effectively.
Organizations facing troubled projects need to quickly identify and address root causes such as scope creep and misalignment of goals. Developing a targeted recovery plan with clear actions and milestones is critical to getting back on track. For teams new to project delivery, structured training and mentorship are vital. PMO leaders should foster environments that accelerate learning and provide continuous support.
Compliance and audit teams play a crucial role in maintaining project health by ensuring adherence to standards and regulations. Their ongoing monitoring helps catch compliance issues early, allowing for timely risk mitigation and ensuring projects align with organizational objectives, supporting overall success.
The course seeks to show a "framework" for responding to troubled projects based on a study and work done by Ricardo Vargas and published in international journals in Brazil, the USA, and China.
The course was recorded in English with subtitles in English, Brazilian Portuguese (Português do Brasil), Spanish (Español), Arabic (عربى) and Simplified Chinese (中文).
What is covered?
The entire course has 40 lessons covering around 3 hours of video. The student is expected to spend 8 to 12 hours to complete the course, including the exercises.
At the end of the course, you will be able to:
- Identify Troubled Projects: Learners will be equipped to recognize early symptoms and signs that distinguish troubled projects from challenging ones, developing proficiency in monitoring project health using key performance indicators and milestones.
- Analyze the Leading Indicators of a Troubled Project: Participants will understand how to analyze key metrics and indicators predictive of potential failure, using tools and frameworks effectively to interpret these indicators and assess project status.
- Use Techniques for Evaluating a Troubled Project: The course will teach methods for both qualitative and quantitative evaluation of troubled projects to determine their severity and impact, including assessing how well the project aligns with business objectives.
- Use the Decision-Making Flow: Learners will apply a structured decision-making flow to determine the next steps for a troubled project, making informed decisions based on a comprehensive analysis of project data, team input, and strategic impact.
- Define the Actions Needed to Recover or Close the Project: This objective involves learners determining actionable steps to either recover a derailed project or initiate a controlled closure, considering the strategic, operational, and financial implications of each option.
- Develop the Recovery Plan and What Comprises Its Success Factors: The course will guide learners in creating a detailed recovery plan that outlines timelines, resources, roles, and expected outcomes, and identifying critical success factors that ensure alignment with broader organizational goals.
- Record and Apply Lessons Learned: Participants will learn to systematically capture lessons learned throughout the project lifecycle, particularly during crisis resolution phases, and to develop mechanisms for integrating these learnings into future projects and organizational practices.
- Motivate and Control the Team During the Critical Periods of the Recovery Project: Learners will acquire techniques to maintain team morale and productivity during high-pressure recovery phases and to implement control measures to keep project activities aligned with the recovery plan.
- Manage the Emerging Risks and Implement Contingency Actions: The course will cover identifying new risks that emerge during the recovery phase, updating the risk management plan accordingly, and preparing and executing contingency actions proactively to mitigate these risks without derailing the recovery process.
What people have to say about Ricardo
Hannes Schollenberger – Linkedin
Hosmanny Goulart – Linkedin
Nícia Mafra – Linkedin
Scholarship and Financial Aid
In mid-2022, Ricardo decided to create the scholarship and financial aid program by donating $10,000 to establish a fund to assist qualified students in pursuing the school's courses.
Eligible candidates can apply for the scholarship all year round. For those aiming to support other students, you can contribute to the fund by making a voluntary donation at the checkout page.
Know more about the program.
Save by Buying a Bundle!
Identify, assess and learn how to recover troubled projects, minimizing the adverse effects of a failure on your organization and your work team, and also learn how to improve results from start by learning how to select and prioritize projects with the worldwide regonized portfolio management workshop PMRank®.
Improve the results of your projects and portfolios by selecting the right projects and, at the same time, learn how to react and act on challenges you may face when implementing them.
Combine the power of Mastering Negotiations with your ability to assess and recover troubled projects with this new bundle and save US30 when buying the 2 courses together.
Learn how to negotiate with different stakeholders to find the best possible way out of a crisis when handling a troubled project.
Course Curriculum
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Start1.1 - Course Objectives (1:33)
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Start1.2 - Why Do so Many Projects Go Wrong (6:35)
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Preview1.3 - The Difference Between a Challenging Project and a Troubled Project (4:02)
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Start1.4 - Entropy and Crisis Management Explained by Brian Cox
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Start1.5 - Zombie and Pet Projects (2:46)
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Start1.6 - The Influence of Scope Creep on Project Troubles (5:01)
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Start1.7 - Why Is It Hard to Handle Troubled Projects (5:12)
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Start1.8 - The Role of Organizational Culture in Troubled Projects (5:48)
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Preview1.9 - Ricardo's Bio (Optional) (7:11)
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Start1.10 - Final Remarks - Part 1 (1:02)
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StartAssessment Part 1
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StartPodcast (Optional)
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Start2.1 - Identifying Early Warnings of Trouble (17:45)
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Start2.2 - The Role of Awareness in Troubled Projects (7:09)
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Preview2.3 - How the Delivery Approach Impacts Projects Results (7:58)
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Start2.4 - Final Remarks - Part 2 (2:17)
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StartDownload: Early Warnings
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StartAssessment Part 2
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StartPodcast (Optional)
Your Instructor
Ricardo Vargas is an experienced leader in global operations, project management, business transformation and crisis management.
Specializing in implementing innovative global initiatives, capital projects and product development, Ricardo has directed dozens of projects across industries and continents, managing more than $20 billion over the past 25 years.
Ricardo shares his expertise and passion with millions of professionals around the globe through his “5 Minutes Podcast,” which he has hosted since 2007 and has reached 12 million views since its release. He has written 16 books on project management, risk and crisis management and transformation, which have been translated into seven languages and sold over half a million copies. His influence on the sector was affirmed when he received the highest recognition of the Project Management Institute, the PMI Fellow Award.
Ricardo is a seasoned board member who has participated in the Brazilian Institute of Corporate Governance (IBGC) board member program. He was the first Latin American Chairman of PMI worldwide, where he served for four years. He also serves on the advisory board of Yera, an Estonian startup dedicated to improving employee performance and engagement through technology and artificial intelligence.
His work as a venture capitalist and entrepreneur in artificial intelligence, blockchain, big data, chatbots and machine learning resulted in tools and products that have revolutionized how users bring agility and agile management into project management software.
More than two decades ago, he founded Macrosolutions, a consulting firm with international operations in energy, infrastructure, IT, oil and finance with dozens of clients globally.
Between 2016 and 2020, Ricardo directed the Brightline Initiative, a Project Management Institute think tank that brings together other leading global organizations into a coalition dedicated to helping executives bridge the expensive, unproductive gap between strategy design and delivery. Ricardo developed and presented a Coursera Online Course on “Bridging the Gap Between Strategy Design and Delivery,” viewed by more than 26,000 students around the globe.
Prior to his work with Brightline, Ricardo directed the United Nations Office for Project Services (UNOPS) Infrastructure and Project Management Group. Based in Copenhagen, Denmark and with operations in more than 120 countries, Ricardo and his team led more than 1,000 projects and $1.2 billion in refugee camps, rural roads, maternity clinics and housing efforts and managed the ESG program, responsible for the first sustainability report in the United Nations system. Following his time at the UN, he collaborated to document the lives of the Zaatari refugee camp in Jordan and create the treatment for the documentary “Zaatari: Memories of the Labyrinth,” a German-Brazilian production that showcases the tragedy of war and the men, women and children seeking a better life.
Ricardo started his career with two partners founding AeC in Brazil, where he was responsible for the services and training areas. A company with three initial employees grew and diversified the business from traditional software sales into outsourcing, project management, call center and IT services, becoming one of the leading technology groups in the country. When Ricardo decided to leave to develop his work internationally, the AeC Group had 1,500 employees. Today, Ricardo continues to appreciate the success of his two former partners, who are now leading the current 25,000 employees.
He holds a Ph.D. in Civil Engineering from Federal Fluminense University in Brazil, an undergraduate degree in Chemical Engineering and a master’s degree in Industrial Engineering from the Federal University of Minas Gerais in Brazil.
Ricardo has received the most relevant international accreditations and credentials in governance, sustainability and also in project, risk and change management. He has also earned accolades ranging from the PMI Fellow and Distinguished Award to the IPMA Achievement Award and the AACE Total Quality Management Award for his leadership in the field.
A dual citizen of Brazil and Portugal, when he’s not traveling the world to share his passion for strategic transformation, Ricardo enjoys gardening and cooking with his wife in their sunny place in Portugal.