DISTRESSED PROJECTS: WHAT ARE THEY? ARE THERE TURNAROUND SOLUTIONS TO BRING THEM BACK TO “LIFE”?
DISTRESSED PROJECTS are undertakings that do not generate the income or benefits sufficient to support the investment objectives and the funds obtained and used to develop it. Projects that are experiencing serious financial shortfalls, long schedule delays, technical and management problems, in a matter of time, could also become one.
TURNING AROUND AND MANAGING PROBLEM DISTESSED PROJECTS involves virtually all areas of expertise and knowledge, including MANAGEMENT AND NEGOTIATIONS, to identify and solve marketing problems, legal and financial troubles, physical and developmental issues, and many more, that are besetting the project.
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NO PROJECT IS TOO DISTRESSED! THERE’S ALWAYS A SOLUTION TO TURN ANY PROJECT AROUND.
