Do You Know When Your Project Is in Trouble?

I'm still in my adjustment period to my new position at the University of Oregon Libraries. However, I'm hoping to spend more time focusing on project management. I read this Andy Jordan article this evening on projectmanagement.com and it certainly strikes home for me. Jordan suggests that project managers (and any manager leading a PM)  ask the "so what" question when evaluating problems: "When they find out that there’s an issue—a delay, bug, additional expense, lost resource, triggered risk, etc.—they should try and understand what the implications are."