Guessing is not a strategy: How to build decision velocity with AI and real-time data
June 10, 2026 | Live Webinar
The Art of Running Lean and Mean During a Recession
Bob Weinstein is a journalist who covers technology, project management, the workplace and career development.
A good IT project manager is an experienced leader who’s learned how to make smart decisions. A smart decision is based on reliable information. Reliable information is based upon facts rather than assumptions or rumors.
What should PMs be doing right now, in the early stages of a recession? Is it business as usual, or should they be doing things differently? The answer to both questions is “yes”. They’ll be expected to launch into new projects using the same methods they’ve always used; the big difference is that they’ll be expected to reach their goals with fewer resources. In the past, that meant smaller budgets, less equipment and facilities, and smaller staffs.
Under those constraints, getting things done will be a lot harder and trickier than last year. But slashing budgets is not always the answer.
First, some numbers reality. If you’re wasting time debating with yourself and senior management about whether we’re in a recession, end the dialogue immediately. Six months ago, pundits speculated about whether we’ll actually experience a recession. We’re now way past the speculation stage. Technically, a recession is defined as two or more consecutive quarters of negative growth in the GDP. The last recession in the United States occurred in 2001. The following facts prove that we’…
Please log in or sign up below to read the rest of the article.
ADVERTISEMENTS
|
"One of the symptoms of an approaching nervous breakdown is the belief that one's work is terribly important. " - Bertrand Russell |