34 5 BIG TRENDS
* The slumping economy is changing the business environment—and project
managers can’t escape the repercussions.
* Project managers must contend with five major business trends: hyper efficiency,
total transparency, power alliances, big job cuts and ultra-nearsourcing.
44 MAKING THE CUT
* In tough times companies should review the project portfolio and be ready to cut
or scale back projects to reduce costs.
* Projects that were acceptable in good times may not make the grade during a
recession as assumptions regarding risk, reward and ROI shift.
50 RIGHT ON TIME
* Planning and building a schedule requires collaboration and flexibility.
* Project managers need a team’s input and buy-in before they implement a
* Project managers must get clear objectives from sponsors and stakeholders to
ensure the project stays on schedule.
>“I believe the
schedule tells the
who, what, where,
when and how—
about a project.
properly, it helps
and controlling a
—PG. 52, JOHN SIMKO, PMP, PM GAME
PLAN, SACRAMENTO, CALIFORNIA, USA
60 ON THE MAP: JOHANNESBURG,
* Looking to advance its economic prospects, Johannesburg, South Africa is
launching a sweeping program called Joburg 2030.
* The city will host the 2010 World Cup, prompting an array of projects that may
bolster the local economic outlook.
* Project management is evolving as local corporations focus on streamlining
68 OUT OF OFFICE
* Project managers working away from home should ensure the head office
receives consistent updates about their work.
* As cost pressures reduce travel budgets, project managers need to develop the
skills to manage their teams virtually.
THE AMOUNT THE
GOVERNMENT PLANS TO
SPEND ON 2010 WORLD