When a project experiences significant deviations from baselined budgets, schedules, or quality levels, the first corrective action should be to realign project actuals and continue with the plan. This involves:
* Assessing the Deviation: Understanding the root cause and impact of the deviation on the project.
* Adjusting the Plan: Making necessary adjustments to realign the project with its original goals.
* Updating Stakeholders: Keeping stakeholders informed about the changes and the new plan.
* Monitoring Progress: Continuously monitoring the project's progress to ensure it remains on track after the adjustments.
This approach allows the project to stay aligned with its original objectives while addressing the issues causing the deviations.
References:
* PMBOK Guide by Project Management Institute (PMI)
* "Project Management: A Systems Approach to Planning, Scheduling, and Controlling" by Harold Kerzner