Project Management Institute (PMI) reports 80% more projects meeting goals and 76% completed on time with PM best practices.
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Unlocking
the Power
Of Project Reviews
Discover the five types of project reviews and how they can transform your organisation.
Regular project reviews allow you to identify issues early, make necessary adjustments, and keep your projects on track.
Your path to project success begins here!
1. Evaluation Reviews: Checking Progress
Evaluation Reviews keep your project on track by comparing progress against baselines and ensuring effective management processes. These reviews help you pinpoint improvement areas, ensuring your project stays aligned with its goals.
Case Study -
Evaluation Reviews
Imagine a tech startup using Evaluation
Reviews to track its app development project. Regular assessments help them spot coding bottlenecks and allocate resources efficiently, ensuring they meet their launch date. This proactive approach ensures the app's success in a fiercely competitive market.
Insights from an Industry Professional
2. Gate Reviews:
Decision Points
Gate Reviews ensure you're on the right track by identifying crucial decision points at project end phases. These reviews provide an opportunity to assess the project's readiness to move forward or make adjustments to ensure success.
Case Study -
Gate Reviews
Picture a construction company employing Gate Reviews after each project phase. They catch design flaws early, ensuring their luxury condos stay on schedule and budget, leading to satisfied customers. By making informed decisions at crucial junctures, they create architectural marvels!
3. Audit: An External Perspective
Audits provide an external perspective, bringing objectivity to project evaluations and ensuring you're on the path to success. With an objective audit, you can identify potential blind spots and enhance your project's chances of success.
Case Study -
External Audits
Think of a pharmaceutical firm subjecting its drug development project to an audit. External experts identify protocol gaps, ensuring compliance and patient safety, ultimately expediting drug approval. This vigilant scrutiny transforms lives by bringing critical medicines to market faster.
Did You Know?
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Did You Know
The Standish Group's CHAOS Report found that projects with regular reviews have a much lower failure rate. Only 8% of projects with reviews were deemed failures, compared to 19% without formal review processes.
4. Post-Implementation Review: Lessons Learned
Post-Implementation Reviews are essential for assessing overall project success and gathering valuable lessons learned. These reviews help you identify what worked well and what could be improved for future projects.
Case Study - Post-Implementation Review
Envision an e-commerce giant conducting Post-Implementation Reviews after a website overhaul. They discover user interface issues and make quick adjustments, improving customer satisfaction and sales. Their agile approach not only boosts revenue but also solidifies customer loyalty.
Did You Know
According to a survey by PwC, companies that conduct regular post-project reviews see a 20% improvement in return on investment (ROI) compared to those that do not.
5. Benefits Realisation Review: Achieving Goals
Benefits Realisation Reviews evaluate whether your project's promised benefits have been achieved after implementation. These reviews ensure that your project aligns with your organisation's strategic goals and delivers the intended value.
Case Study - Benefits Realisation Review
See a healthcare provider using Benefits Realisation Reviews after a telemedicine system rollout. They fine-tune the system by evaluating patient outreach and cost savings, achieving better healthcare access. This transformative process enables healthier communities through cutting-edge technology.
Did You Know?
Swipe to learn more about Rolex.
Unlock Your Project’s Success with MetaPM
Customise your review approaches with MetaPM. We help you tailor reviews to your project portfolio.
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