With economic pressures looming over the world, most executives are probably seriously pondering how to manage the impact of outside forces on their business results. Just as with individual consumers, who are “tightening their belts” right now, it isn’t surprising that many organizations, even those that may be economically healthy, are seriously considering whether or not to cut fixed spending with layoffs.
While the dictate from the top may be to reduce the workforce numbers, once the shake-out occurs, organizations will be facing a tough challenge to preserve output, deliver their strategic and operational plans and stay poised to meet increasing consumer demand once the economy turns up. That is why some of our clients are counting on Project Management to get them through this period of uncertainty and making an extra effort to invest in Project Management coaching, training and auditing to prepare for the future.
In my next blog I'll outline some of the benefits of professional project management for senior managers, functional managers, stakeholders, project managers and teams.