Project Management

Economic Sense: What the State of the Economy Means for Project Professionals

Kelley Hunsberger

The health of the global economy affects the health of your projects.

A grasp on economic trends can help project professionals stand out by proving they can help navigate the chaos and improve the bottom line.

The current financial climate “is a huge opportunity for us to state our importance and to make companies and public organizations more aware of the substance of good project management,” says José Ângelo da Costa Pinto, PMP, a board member for the project management consultancy Ambithus in Lisbon, Portugal.

These three trends are making waves in the business arena—and forcing project leaders to take action.

Corporate takeovers are back in vogue

The economic woes of the past few years slowed much of the world’s merger and acquisition (M&A) activity—but no longer.

In 2010, M&As began their comeback, as witnessed by mega-deals such as Kraft Food’s US$19 billion takeover of U.K.-based chocolatier Cadbury. And in the first quarter of this year, corporate takeovers topped US$256 billion— activity levels that haven’t been seen since 2008.

In the technology industry, global M&A deals valued US$27 billion in the first quarter, up 124 percent from the same period last year. And e-commerce takeovers alone topped US$6 billion by June, far outpacing the US$180 million worth of …

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