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Topic : Budgeting in time of recession
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Industry : Management & Strategy ConsultingFunctional Area : Leadership Styles(People Management)
Activity:  26 views;  last activity : 07 06 2010 20:18:09 +0000

You are very much aware of all risks that might be involved in a project. Like sudden retrenchement, bankruptcy of vendors etc. These things can be very common in this recession time. How are you planning to cope up with it?

 
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1 Dividing project into milestones
2 hi

Dividing project into milestones

idea posted by Anirban Bhattacharya Software Architect, Novartis Healthcare Pvt Ltd

The entire project can be divided into separate milestones and for each phase a separate plan to be worked out and second plan should be prepared in case of any risk. Risks should be analysed properly and no long term planning should be trusted.

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by HASMUKH GANDHI, FILM AND TV PRODUCER, PROFESSIONAL  | 03 31 2009 06:56:21 +0000

Well, I suppose risk is inherent in any business or project or venture. It has nothing to do with recession. Even in normal circumstances business can colllapse, even if the economy is booming. Yes, in recession, the risk are more visible...u r more conscious...in your planning u cannot factor recession in all its dimension. I do beleive that with right product and right plannin, u can do very well in recession as well. Simply beoz people continue to live even in recession, it only impacts their life style or social status...In your planning try to cover all the visible as well as invisible factors that can creep in becasue of recessionary trends...Sometimes, recession may turn out to be the best time to launch a product....

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