Start and Finish

Ready… Set… Project Management!

Statistics show that only 2.5% of companies complete all the projects they set out to do. What does the other 97.5% do? Waste time and money because they don’t have a solid plan when it comes to project management.

Can’t get your project to the finish line?

The Problem

Project management is the way a person organizes and manages resources that are necessary to complete a project. Sounds simple enough, yet as managers or leaders assigned to manage a project, we often do not have the proper tools or resources to make a project happen. Projects can become unmanageable (and eventually fail) because of a variety of challenges. Those challenges include changes in priorities, changes in project objectives, inaccurate requirements gathering, inadequate vision, and poor communication.

The Stats

How Much is Bad Project Management Costing You

  • Around two-thirds of projects are designed to fail.
  • About 1 in 6 projects had a cost overrun of 200% or more.
  • For every $1 billion spent on projects in the U.S., there was a loss or waste of roughly $122 million—meaning that 12% of the budget for projects, on average, was wasted due to poor management, counterproductive behaviors, and bad decision-making.

The Solution

Certain projects may require the use of a professionally trained, dedicated Project Manager, who determines the best methodology, possesses the necessary soft skills, and utilizes appropriate technology to manage the project. When resources are limited, most projects can be effectively managed and implemented successfully, completely in-house, or with limited outside support.

Here are six simple steps to help you manage your next project:

  1. Initiate. Get your stakeholders lined up and committed to the project – management buy-in is a must for success.
  2. Plan. Put a smart strategy and agenda in place. Large projects should be broken into smaller ones to make them more manageable.
  3. Execute. Work together with continuous and clear communication.
  4. Monitor. Keep the overall project progress in check – don’t allow the project to creep out of its original scope.
  5. Control. Make changes and improvements where needed – watch out for scope creep here as well.
  6. Close. Tie up any last loose ends and prepare for project delivery. Include an opportunity for reflection of what worked and what did not during the process.

If a visual is more helpful, click here to download our 4-Step project management process guide. We use this guide in our business and with our clients; maybe it can help you too.

How Can We Help?

If you or your team need help to take your department or company to the next level and find the best way to manage a project, contact Theresa or visit our Contact Us page to schedule a “get to know” conversation. You’ll get clarity on the issues you face and next steps to consider – whether or not we decide to work together.

Complimentary Get To Know Conversation

If you sense an issue in your organization but you are just not quite sure what the problem is or how to go about resolving it, our 30-45 minute complimentary Get To Know conversation is a great way to start. You will get clarity on the issues you face and the next steps to consider whether or not we decide to work together.

Level of Investment: ‘No cost to you’

What Our Clients Say About Us

Trish Ramirez

Trish Ramirez I first hired Theresa as a personal career coach in 2008. She helped me immensely at that time gain clarity on my career direction and what to do next. Theresa has continued to be a highly valued colleague, most recently giving me great advice on how to distinguish myself from the competition and View Full →

Laura Walker

Laura Walker Theresa was hired by our company to help our supervisors become Leaders. Theresa is a very high energy person which was very inspiring. She helped teach our supervisors various tools like: goal setting, mentoring, holding people accountable and most of all how to develop our employees. Working with Theresa was very instrumental in View Full →

Diana Dibkey

Diana Dibkey It is very difficult to pick just “three” attributes for Theresa because I am most impressed by the “full” package. Theresa’s organization skills are much appreciated as she has helped my agency through a very strategic collaborative planning process. The work includes working with several committees of board staff members from different organizations. View Full →

Seth Warren

Seth Warren Theresa always worked in the best interest of the Duneland facility. She stepped up after the departure of a manager that had created issues with both staff and members and took on the management role. Theresa made hard decisions to better the facility. She lacked administrative support at times, but weathered it admirably. View Full →

Melissa Westphal Benefiel

Melissa Westphal Benefiel I met Theresa through my participation in the Valpo Chamber’s Leadership Academy. She served as a mentor and guide as I went through this program. Theresa is a “go to” person in our community. She is the consummate professional and shows great enthusiasm in all of her leadership roles. Beyond that, she View Full →

E. William Liedtke Jr

E. William Liedtke Jr Theresa is one of those unique individuals that when you are around her, you just know she is something special. Tireless, ambitious, and highly driven to succeed and to bring success to those around her. She was a delight to have on several teams as we pursued our MBAs because she View Full →

Jon Schmaltz

Jon Schmaltz Theresa is a very knowledgeable, focused, and driven professional whose strengths carry over to her clients. Her clients might prefer to keep Theresa their own secret, but don’t miss an opportunity to get to know her. Theresa’s determined to help anyone achieve success! Success Trek 2017-05-05T18:10:18-05:00 Theresa is a very knowledgeable, focused, and View Full →

Jill E. Ritchie

Jill E. Ritchie Theresa Valade is one of the brightest individuals and hardest workers I know. She cares deeply about the State of Indiana and its potential. She grew up in Rensselaer and attended Purdue University. Small business success is critical to this state’s economy and not only is her business successful but she has View Full →

Tracy Traut

Tracy Traut I was first introduced to Success Trek’s work at a fundraiser for Leadership Northwest Indiana, where I bid on a 45 minute coaching session. At that time, I needed to work on my resume, so I figured I’d get a couple of sample resumes and we’d be done, but that didn’t happen. Theresa View Full →

Garrard McClendon

Garrard McClendon I think Theresa Valade acts as a great silent partner for those trying to complete a task. Her energy helped us complete several projects including the completion of a diversity task, an enterprise task and a successful facilitation of a major research project. I will hire Theresa for all of our difficult tasks View Full →

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