Exploring the Impacts of Economic Crises on Project Management Posted On : Nov-27-2011 | seen (225) times | Article Word Count : 395 |
The economic down turn that begun in 2008 had touched everyone. We have seen rising unemployment Wholesale Joshua Dobbs Jersey , salary reduction and reducing other benefits during the past three years. This article highlights the impacts of economic crises on Project Management. The economic down turn that begun in 2008 had touched everyone. We have seen rising unemployment, salary reduction and a decrease in other benefits during the past three years. The idioms such as 鈥渂udget cut鈥? 鈥渨ork force reduction鈥? 鈥渉ead count reduction鈥?were the most frequently heard idioms in most of the work environments. During these years, most of the organizations around the globe have implemented projects to improve productivity Wholesale Cameron Sutton Jersey , to reduce cost and focused more on quality instead of concentrating more on innovation. Let鈥檚 see how it impacted Project Management.
ESI International, one of the leading providers of project management services has conducted a survey to identify the impacts of economic crises on Project Management. They have approached project managers, program managers Wholesale Joe Haden Jersey , PMO Managers, Line of Business Heads and their supervisors from Industry sectors including Financial Services, Information Technology Wholesale Javon Hargrave Jersey , Pharmaceuticals, Health Care, Telecommunications Wholesale Sean Davis Jersey , manufacturing and EnergyUtility companies in the US. Below highlights the summary of the survey results:
鈥?4% of survey respondents from the manufacturing industry said that that at least half of their projects had been terminated
鈥?4% of survey respondents from the Financial Service industry said that that at least half of their projects had been terminated
鈥?6% of survey respondents from the Information Technology industry said that that at least half of their projects had been terminated
鈥?4.8% of respondents from the Telecommunication industry said that that at least half of their projects had been terminated
鈥?7% of respondents from the PharmaceuticalsHealth Care industry said that that at least half of their projects had been terminated.
鈥?4% of respondents from the EnergyUtility industry said that that at least half of their projects had been terminated. Industries in this sector experienced very less impact during economic down turn. It is mainly because of the frequently changed oil price kept them busy doing projects.
Regardless of the industry, almost all projects that were not eliminated suffered some resource reductions; however, resource reduction was not greatly affected by project size. Besides the size of the project didn鈥檛 offer high variance in terms of scope reduction.
To view the complete survey report Wholesale Artie Burns Jersey , please visit ESI鈥檚 International official website. Comparing the survey results with the organization where you work and sharing your view would definitely help the Project Management Community.
Are You A Wimp? Why Being Bold Pays Off In Self Storage Marketing Business Articles | May 23, 2006 Being wimpy in your self storage marketing efforts will only hurt you. Making bold, risk reversing offers in your marketing will drastically increase the ROI you get from your advertising budget. This article helps you distinguish between the two kinds of offers and teaches you how to make great offers.
Are you making wimpy offers?In my last article Wholesale Maurkice Pouncey Jersey , I discussed offers and their importance in life and self storage marketing. As a self-storage operator, you are making the offer to relieve locals of their cluttered home or yard. You offer a safe place to store valuable belongings. You offer them the option of parking their shiny new car in the garage, and so on.
There are really 2 types of offers that are relevant to self storage marketing or marketing in general:
Your value offering is simply what value you offer to the marketplace. By far, this is your most important offer. After all, without one you won?t be in business for long. Your value offering is something that should always be reviewed and improved.
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