Rescuing a $10B Pharmaceutical Project from Failure

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Challenge

A massive $10 billion pharmaceutical project is six months behind schedule, and costs are skyrocketing. This project is critical. Delays mean patients wait longer for essential medications. The VP has granted you full access and authority to fix the situation. How do you bring this derailed project back on track?

Key Takeaways

1. Delay Analysis Uncovers Root Causes Conducting a thorough delay analysis helps identify where and why the project veered off course.
2. Pull Planning Engages All Stakeholders Bringing together contractors and subcontractors through pull planning realigns schedules and improves collaboration.
3. Effective Communication is Crucial Open communication channels among all parties reveal hidden issues and streamline processes.
4. Risk Management with Monte Carlo Analysis Utilizing advanced risk assessment tools predicts potential delays and helps mitigate them.

Tactical Takeaway

Implement Pull Planning with All Stakeholders

Set up a pull planning workshop with all key contractors and stakeholders. Start by mapping out the project completion date using colored sticky notes for each discipline. Using this collaborative approach, dependencies are identified, communication is improved, and a realistic, shared schedule is established that everyone commits to.

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Impactful Strategies for Advancing Your Construction Career

Available on Amazon.

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Why This Book?

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