The document discusses Bluedog's five-step approach for assessing and recovering "broken projects" or projects that have gone off track. The five steps are: 1) Defining a project charter with the client, 2) Developing an assessment plan, 3) Conducting an assessment, 4) Developing a recovery plan, and 5) Conducting the recovery. Key aspects of the approach include rapid action, clear communication, and maintaining morale while identifying root causes and deciding if recovery is feasible. The goal is to guide projects back from failure through a structured yet adaptable process.