Project Health Checks (PHC)
Definition - What does Project Health Checks (PHC) mean?
Project health checks (PHC) are used to determine whether projects are well-governed and inherent risks are being identified and controlled. PHCs may include meetings or interviews with key stakeholders, review of project documentation to determine whether the project is following its timeline, is on budget, is achieving its expected objectives and is managing risks effectively.
Techopedia explains Project Health Checks (PHC)
Project health checks allow for the following:
- Comprehensive analysis of a project
- Instant summary of the current situation
- Identification of best practices used
- Identification of project weaknesses
- The generation of a package of measures to compare projects and improve project manager competence, management oversight and project governance
The benefits of periodic project health checks impact the project manager as well as the company, the business, stakeholders and project sponsors. A project manager benefits from the use of PHCs through the ability to measure proposals and use those measurements to optimize the process and project deliverables. The project manager identifies chances to arrange support activities with the stakeholders and project sponsors through the feedback moderation that is received from experts in the areas of planning and delivery.
The company benefits from the immediate option to mitigate the risk of project failure. Short-term findings about the quality of the current project in use identify the need for action at a project level as well as an organizational level. Planning and forecast reliability are increased by optimizing the project management processes. Finally, measures and tasks are now able to immediately identify and execute an increase in project management quality.