It can be a short path between project initiation and project failure. And while not every failing project is worth recovering, project managers who heed early warning signs of project failure can rescue a troubled project by tapping their valuable training and experience and executing the following.
Tip 1: Recognize the signs of trouble
First and foremost, pay close attention for any signs that there may be a problem with your project. Here are some important signs your project may be headed towards the ditch.
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Source: IT Strategy