It happens to the best of us, a loser project. The best solution is to jump in and correct course.

Q: I have a project that is losing money. What is the best way to deal with it?

A: Go into attack mode and limit the downside.

1. It happens, even to the best in the business – A loser project
   1. Hopefully, you know early
      1. If you practice what I talk about you know as soon as things start to turn bad
   2. There are many reasons projects go bad
      1. Clients / People / Productivity / Management / Estimating / Etc.
   3. The common reaction is too often to cut cost and hope it goes away
      1. That’s not the best approach
2. The right approach is to attack the problem
   1. Don’t let a loser drag you down
   2. Find out what went wrong
   3. Put a full court press on getting the project done and behind you
3. Be open and creative
   1. Don’t be embarrassed, we all have them
   2. Be open with the people involved – let them know you are struggling (they probably already do)
   3. Talk to your team, suppliers, subs, client and others involved – solicit their help
   4. Get outside help – a different set of eyes can often find better solutions
   5. Ramp up productivity
      1. If it’s possible, ramp up the productivity and get the project complete as quick as you can