What is a recovery plan?

A recovery plan is fundamentally a strategy designed to address issues or obstacles that have caused a project to deviate from its planned trajectory. It focuses on identifying the root causes of delays or budget overruns and developing actionable steps to get the project back on track toward its objectives. The essence of a recovery plan is in its proactive approach to problem-solving, ensuring that the project team can effectively respond to challenges and mitigate their impacts.

This concept is crucial in project management, as delays or unforeseen events can significantly affect timelines and costs. By implementing a recovery plan, project managers can present a clear path forward, allocate resources strategically, and maintain stakeholder confidence even in the face of adversity.

Contextually, while other options relate to important aspects of project management—such as team organization, stakeholder communication, and project feasibility assessment—they do not encapsulate the specific objective and functionality of a recovery plan. These elements support project execution and monitoring but do not directly address the need for corrective measures when a project is struggling. The recovery plan's primary goal remains to realign the project with its goals and timelines.