32 THE GLOBAL RISK FACTOR
* Outsourcing multiple parts of projects to overseas partners in low-cost economies helps
companies cut costs and meet compressed schedules.
* But outsourcing also adds unconventional risk—terrorist attacks, infrastructure disruption
and greater exposure to geopolitical instability.
* By adopting some simple changes to their sourcing practices, project managers can identify
and help eliminate such risks.
40 A WAY OUT
* Around the world, governments are pumping money into infrastructure projects as an antidote to the economic slump.
* Many of those projects are launched through public-private partnerships, adding an incentive
for meeting budget and timelines.
* Economic woes are prompting increased scrutiny on all project decisions, so project managers should be prepared to justify expenses.
* Project leaders must conduct added due diligence when choosing partners to be sure they
can deliver for the long term.
projects is still
coming so there is
not a lot to panic
about. In fact, we
have so much work
there are not enough
project managers to
handle it all.
—PG. 47, MAN CHAI, PMP, BRISBANE CITY
COUNCIL, BRISBANE, AUSTRALIA
52 FIVE WAYS TO MAKE OR BREAK YOUR TEAM
* A variety of issues can cause group dynamics to disintegrate, team members to lose interest
and morale to suffer.
* Non-stop meetings, changing project directions and conflicting agendas rank high on the list
* Project managers can keep teams cohesive with emotional support, open communication and
58 OPERATION ONLINE
* By focusing on training and securing stakeholder buy-in, a U.S. hospital network overcame
cultural resistance to launch a fully electronic healthcare-management system.
* More than half of the caregivers in the network are using the new system.
* Those hospitals that have made the switch are seeing consistent improvements in quality,
efficiency and safety, as well as decreased costs.
ON A NEW PAPERLESS
SYSTEM IN FOUR WEEKS
AT ONE HOSPITAL
64 ON THE MAP: CHICAGO, ILLINOIS, USA
* Project managers in Chicago, Illinois, USA are battling the bad economy by going back to
* The city slump has stalled many high-profile projects, including The Spire, which was to be
the tallest building in North America.
* Chicago is looking to change its fortune with a bid to host the 2016 Summer Olympics—
which would mean a windfall of projects.
72 COME TOGETHER
* Following the devastating Indian Ocean tsunami in 2004, Colliers International launched a
project to restore a small fishing village in Kirinda, Sri Lanka.
* As the project progressed, team members continually engaged local residents for their input.
* The 45 newly constructed Kirinda homes are a hybrid of tradition, local materials and energy-efficient technology.