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Managing Projects in Economic Recession
Tags :
project management, economic recession, economic recovery, project manager, project portfolio, slowdown
Industry :
Construction, IT Products, IT Services, ITES / BPO / Customer Service
Functional Area : Productivity & Performance, Application Software, Project Management, Architecture |
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About "Managing Projects in Economic Recession" topic:
The recent prolonged crisis got me to thinking about project management's role in this economic recovery.
Project management is the engine of recovery because it's the place where the strategy jumps off the paper and gets into the fabric of every day.
Let us discuss here on how project manager's should manage projects in Economic Recession? Do share your valuable insights......
Project management is the engine of recovery because it's the place where the strategy jumps off the paper and gets into the fabric of every day.
Let us discuss here on how project manager's should manage projects in Economic Recession? Do share your valuable insights......
1 debates
, 5 idea contests
, 1 question
on topic: "Managing Projects in Economic Recession"
Prev1NextShowing 1 - 7 of 7
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(rate this)
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1
Motivate them, introduce contests and can even interchange their departments according to their abilities.
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Innovate
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KANNAN SUBBIAH
| Added idea
"Enhance Capabilities"
| 2 years ago
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Plan for one or more of the following, which will enhance the capabilities of the resource and in turn the organization. 1. Refactor the code in the Re-usable code repository of the organization, so that it is tuned in line with the latest...
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Samiulla Khan
| Supported idea
"Motivate them, introduce contests and can even interchange their departments according to their abilities."
| 2 years ago
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I do Agree with ROHINI, but it need not work always. To Achive what we call targets the important thing required is interaction among the people associated. an healty atmosphere leads to healthy business. every body is clever enough to...
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!manpreet $ingh
| Supported idea
"Motivate them, introduce contests and can even interchange their departments according to their abilities."
| 3 years ago
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Very nice ideas by rohini kaushal...this may help out employer to take as much as productive responses from the eomplyee in such situation....
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Ideate: "What should a manager do to manage teams or workforce During Recession?" deleted from your view.
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(rate this)
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1
Tacke the causes of turbulance by prioritizing
2
Good planning and execution
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SKS Karthikeyen
| Added idea
"Work closely with the stake holders to minimize surprises & risks "
| 2 years ago
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Work closely with the stake holders to minimize surprises risks
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Mohammadarif.A.Shaikh
| Supported idea
"Keep your costs low and deliver on time"
| 2 years ago
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ya i agree with you that the project manager must keep the costs low and deliver on time and i have explain it in my above point of discusion.
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Ideate: "What should be the role of project manager's in turbulent times ?" deleted from your view.
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(rate this)
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1
By making risk management part of your day to day operations.
2
Prioritise your risks
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anjani nandan
| Supported idea
"Prioritise your risks"
| 2 years ago
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it is necessary to prioroties the risk and according to basis of priority we have to treat the risk one by one , all risk are not related to loss , as we know that risk is the reward of entrpreneur so always ready to accept the risk and try to...
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RAMESH KANDADAI
| Supported idea
"By making risk management part of your day to day operations."
| 2 years ago
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I must agree with Ms.KAldeen and go one step further. Proper risk management involves upfront listing, timing, assessment, mitigation plans, implementation of mitigation steps, tracking the risk and closing it out with a lessons learnt aspect....
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Devi Kaladeen
| Supported idea
"By making risk management part of your day to day operations."
| 3 years ago
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Proper project risk management entails more than simply identification and analysis at the beginning of a project. Risk management must be integrated into the project plan, consistently applied, and clearly communicated throughout the life cycle...
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Ideate: "How will you apply risk management successfully in your project ?" deleted from your view.
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(rate this)
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1
Ease your way into the practice
2
Finding the right customer
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Ranvijay Singh
| Supported idea
"De-centralization of management can help a team transition to Agile Frameworks"
| 1 year ago
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The concept of de-centralization has sustained so far and has proven to be effective in almost everything. Consider the Panchayati Raj in our country.
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Prad Roy
| Added idea
"De-centralization of management can help a team transition to Agile Frameworks"
| 1 year ago
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It's no more a new thing on the edge. The more you de-centralize the more agile you become. Accountability moves to the lowest level of hierarchy, making it look like a flat hierarchy. It works...believe me...
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Ideate: "How to implement an Agile project management successfully?" deleted from your view.
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(rate this)
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Cut the employee
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2
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VS |
12
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Retain the Employee
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aditya ghare
| Argues in support of
"Retain the Employee"
| 2 years ago
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Hi Samir, I suggest you sack yourself! Ok, jokes apart, the inputs are a bit obscure. We are not certain, if the project was hit by recession. The past performance of the employee is a doubt. But, can safely assume, that the present performance...
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Mallaya Pandravada
| Argues in support of
"Cut the employee"
| 2 years ago
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When the project has gone bankrupt: Only then the there should be cut.Not otherwise.
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Darshil
| Argues in support of
"Retain the Employee"
| 2 years ago
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I think probably company should retain the employees even if the project is in troubled waters because one should not forget that its employees are the main wealth creator the firm and especially in the BPO and KPO companies. If the employee is...
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Debate: "For a Project in troubled waters is it better to retain employees or cut them?" deleted from your view.
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(rate this)
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I have been part of a system where the need for a project manager was reduced to a great extent. It was possible with excellent convergence with many internal systems right from business strategy to ...
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Govindu Ravikumar
| Answered
| 2 years ago
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If any company really looking for deliverable interns of systems/money etc, anything, Project manager key to value add. So Moving forward all companies must drive company towards project based approach.
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Govindu Ravikumar
| Answered
| 2 years ago
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If any company really looking for deliverable interns of systems/money etc, anything, Project manager key to value add. So Moving forward all companies must drive company towards project based approach.
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Satwinder Singh
| Answered
| 2 years ago
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Frankly speaking removing Project managers would really benefit the organization in every aspect especially in the time of recession! Since we can't eliminate developers/leads which are all revenue generators, process handlers, quality...
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Answer: "If given a choice which role (Developer, Team/Tech Lead, Project Manager) would you like to remove from an organization?" deleted from your view.
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(rate this)
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1
Contingency plan
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Enlist C-level action now
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Dr Ali Ahmad
| Added idea
"Contingency plan"
| 1 year ago
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Thanks for the referral Ms Archana There should always be a contingency plan. Some times a product which had to be lauched has to be delayed, some times people are given the “PINK” slip. The recent melt down has made it mandatory that CEO/CIO...
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Esha Johar
| Added idea
"Enlist C-level action now"
| 1 year ago
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As IT leaders learned from the recent recession, executives will once again have to make a multitude of decisions to minimize the effects of a second business downturn. Since most official national recession declarations are announced well after...
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Ideate: "How can we tackle second slowdown?" deleted from your view.
Prev1NextShowing 1 - 7 of 7
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Successful Project Managers - Characteristics and Skills What are the Characteristics of Successful Project Manager ? Project Managers interact with different types of people at different level s within the organization and outside the organization. Since their responsibilities include directing and coordinating various resources through out the life cycle of the project, it is important the Project Managers have certain characteristics to ensure project success. There are five main characteristics they are 1. Flexible – Flexibility is required for a PM especially when dealing with new team members who may need specific , firm direction to get started. PM should be able to adopt various styles of leadership (Authorative, Colloborative etc) with various people. 2. Credible – PM should be Trust Worthy , Competent, Dependable and honest. 3. Tolerant – Considering the fact that the Resources, Goals and Objectives are often vague, PM Should be...
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The other day I was in a restaurant and saw a sign advertising "Sliders Fridays." From what I gathered, they offered a deep discount on tiny hamburgers, called sliders, on Friday nights. The interesting thing about this discovery is that I own the restaurant and it's the first I knew of it. (Stacey's at Waterford: www.eatatstaceys.com ) I don't just own the restaurant. I also manage it, although I use that term loosely. I've taken the concept of hands-off management to the next level. Most of the time I have no idea what the staff is up to. They organize customer events, execute marketing ideas, hire and fire, change the menu, and pretty much anything else they want. I only get involved if there is a largish expense that needs to be approved. I see the financials daily, by e-mail, but I'm mostly about the bottom line. As a well-known critic of managers, I painted a big red bulls eye on my back when I started managing the restaurant. For the first year I was involved in the details...
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17 Management Funda's1. "We will do it" means "You will do it" 2. "You have done a great job" means "More work to be given to you" 3. "We are working on it" means "We have not yet started WORKING on the Same" 4. "Tomorrow first thing in the morning" means "Its not getting done "At least not tomorrow!" 5. "After discussion we will decide-I am very open to views" means "I have already decided, I will tell you what to do" 6. "There was a slight miscommunication" means "We had actually lied" Office-management-fundas 7. "Lets call a meeting and discuss" means "I have no time now, will talk later" 8. "We can always do it" means "We actually cannot do the same on time" 9. "We are on the right track but there needs to be a slight extension of the deadline" means "The project is screwed up, we cannot deliver on time." 10. "We had slight differences of opinion "means "We had actually fought" 11. "Make a list of the work that you do and let's see how I can help you" means "Anyway you have to...
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In many ways, a manager has to be a leader, so therefore a manager will have many of the traits that a leader does. However, I feel the term 'manager' applies primarily to business, it's in a manager's best interest to lead his co-workers effectively, encouraging them to achieve their goals and targets. In my experience, a leader is more of a social thing; more associated with team work, too. Go to Discussion http://lnkd.in/wUJe5E
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