During this current economic decline, many of us are exposed to situations that are not necessarily what we signed on for in the beginning of our PM career.
Companies are forced to evaluate cost margins and that generally means project cutbacks. Our sponsors and/or customers have to choose which projects to keep and which to close.
Of [...] Read more »

As can be expected, much of the feedback pointed towards a cutback in new investment and thus projects.  Another significant portion of the comments discussed another inevitable trend in hard times…increased scrutiny of current projects and focus on the dollars.
Cutbacks

North America – Although layoffs have occurred in the Canadian oil patch in recent weeks, the [...] Read more »

Moving up through the categories, I’ll discuss three now:

Project Manager Layoffs
Project Staff Reductions
Reduced PM rates.

Reading through the responses, may of them were not surprising. One thing I noted in a few posts was that some companies are shedding senior PMs and opting for less experienced ones. Of course I have no idea about the competencies [...] Read more »

Status Quo
Ah, it is nice to hear that some people are not feeling any impacts due to economic recession. 8% of the respondents noted that they have not seen any impacts. Half of those were from the North America, other responses came from Australia, India, and Africa.
I noticed 2 similarities from what I could gather [...] Read more »

I recently conducted a survey asking for anecdotal stories about how the economy is currently impacting project management.  Sorry it’s been awhile!!  I would like to share the results with you.

The survey was 100% anonymous, and I even removed any identifying information that a few responders put into the answer. Note that this survey [...] Read more »