I'm entering a management position for the first time in my career and am wondering how to mitigate potential reputational damage.
The company currently has a flat startup structure, but my promotion will change the organization to a more corporate chain of command. I have no concern about the technical advisory and business value I offer. After a year at this organization as a senior, I have earned the respect of the employees in every department.
I'm being expected to save a multi-million dollar project that is far behind schedule. The deadline for this project is maybe a month or 2 before my promotion. The status of the project has been known for a few months but management is now raising urgency. I don't believe that I can save the project. I may be able to execute a solution that prevents our company from being penalized by a contractual obligation.
Ignoring any shortcomings from the initial stakeholders; what is my best recourse as the new representative for a technology project that my team must eventually inherit?
I read The Phoenix Project last year and it's uncanny how similar my career situation is with that of the main character's.