Secrets to Avoid Team Turnover and Accomplish Project Objective

Author: 
Larry Xu

Projects in companies are mostly capital and capacity intensive and time sensitive. The reliability of the project team and its commitment to the project are vital to the successful execution of the project. For a project to be on schedule and under budget, project team stability is absolutely necessary.

Project team turnover, however, can conjure up chaos, confusion, stressed out coworkers, and cause project tasks to simply slip within the cracks. Employee turnover can make it almost impossible for project teams to produce high-quality work products that meet the needs of both customers and the organization. What’s more, turnover in your project team can cause a myriad of financial and schedule risks, including strained budgets and missed deadlines. Therefore, project managers should think of ways to avoid turnover as much as they can and deal with it effectively when it happens to mitigate the cost of the turnover. The following are a few secrets to avoid project team

  • Manage Human Resources Effectively to Ensure 100% Onboarding.
  • Bolster Project Team Member Engagement.
  • Provide Real-time Feedback and Timely Evaluation.
  • CPlan for the Best and Prepare for the Worst.

Avoid Project Team Turnover

High project team turnover hinders the successful implementation of the project and ultimately hurts a company’s bottom line. It is necessary for project managers to devise a strategy to avoid and/or reduce the team turnover and to mitigate project risks so that the entire project team as one entity can accomplish the objective of the project and eventually fulfill the requirements of the business.

To get more details about tips to avoid project team turnover, including some latest research findings by SAP SuccessFactors, press the button below.