Review Project Audit Results
Key Question: Is the number of project task starts going according to plan? And is the number of project task completions going according to plan?
"The negative answers to these two key questions are tightly coupled. When you have a project team that starts rolling along, the team members will not patiently wait to start a task while approvals for their respective current tasks are pending. Therein lies the most probable problem - approvals are taking too long or they are not coming at all. This creates a high-risk impact to your project regarding rework. The more open tasks you have waiting for approval, the more potential errors you have. Fixing these errors can have a huge impact on your project, especially if you did not plan a significant number of hours for rework."
"A good analogy comes from a manufacturing model. Your work in progress (WIP) continues to build. Your capital is being tied-up in WIP. If you have a quality control problem with that WIP, your unplanned costs will soar as your unfinished inventory soars. It's the same with your runaway project. You have a large number of unfinished tasks that may have a quality issue. If there is a lot of rework to be done, your budget will erode at a very fast rate."
The above is an excerpt from a book written by Sanjiv Purba and
Joseph Zucchero, published by McGraw-Hill/Osborne, 2100 Powell Street,
10th Floor, Emeryville, California 94608 U.S.A. Sanjiv has over 20
years of experience managing large projects and many years engaged in
rescuing ailing projects.