Predicting your project failures before they happen

Projects are inherently unpredictable but smart portfolio management can apply a 10,000 feet view to help see overall trends and also moderate the optimism bias of project managers (essential for project success).

What is needed is a set of forward thinking early warning indicators that can alert the PMO to projects that are likely to fail before they fail. Many RAGs and other indicators are backward looking. What is needed is a set of forward looking early warning indicators. Tim Schmeising-Barnes, Principal Consultant at Bestoutcome, provides an overview of forward looking indicators and their potential benefits.