4. The Credit Crisis: For Project Managers - What should you Expect?

Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks. - Warren Buffett

There is no point in denying that change is in the air.  You can prepare yourself so that you’re in the best position where you are, but that is a short term outlook.  You also want to think about the business where you are and the environment it operates in.  How will that business and environment be effected by a recession?  Those are the long term questions to ask.

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3. The Credit Crisis: For Project Managers - What Does It Mean?

By Andrew Meyer

“Times change, we change with them.” - Latin Proverb

In 1983, US companies spent $32 billion on IT, which accounted for 9.8% of their total investment in fixed assets that year.  By 2006, spending had risen almost tenfold, to $294 billion, and IT accounted for 21.1% of new fixed assets purchased that year in the US, according to Harvard’s Andrew McAfee.

Much of this growth has come from projects and been led by project managers.  The credit crisis marks a change.  If you want to lead and benefit, think about some of the changes likely to come and how to position yourself to take advantage of them.
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1. The Credit Crisis: What Does it Mean for You and Your Company?

One of the biggest problems we face today is the egregious mismanagement and reckless incompetence of many American corporate boards which utterly fail to do their primary job of holding managements accountable.

Don’t Be an Ostrich
Many people watch what is happening on Wall St hoping they will not be affected. Sooner or later, it will affect you. Rather than avoiding the issue and burying your head in the sand, let’s understand what’s happening, what it means and what you can do to get ahead of the curve. (more…)