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Project Risks are turning into Issues now! Seems like most of the project will be effected in terms of on time delivery and compromise on quality. The more this pandemic stays the more it will hurt the project economy.
Hello Asif: When I first responded to your question, there were no real impacts yet to my projects. At this point, COVID-19 impacts have changed all my healthcare related projects. I continue to move forward, but the progress is incremental right now with healthcare providers rightly focusing on critical needs. These are unprecedented times.
Hope you and your loved ones are in best of health and safe.
Yeah I believe the situation became worse, since i first started this thread. My very critical construction project has slowed down to almost a halt, which was schedule to complete this year end. I think we have to apply force majure clause to contract. The cost and time impact will go huge.
I was on vacation and stuck back to my home country, working from home, as the air spaces are closed till control of pandemic situation.
This whole situation is unprecedented and bleak for Project industry, as well as world economy.
lets hope that sooner the humanity will rise from this.
The real issue is that the impact of all this on projet industry cannot be assessed at this time, till the situation is clear.
Lets hope things will get better soon.
Yes, we are also working form home and In my opinion construction industry projects will suffer more from this pandemic situation as compare to software industry projects.
This is the case everywhere, almost in every major country right now.
We hope things will get better in period of one to two months.
How is the situation at your end now?
The organization I'm at is fairly immature when it comes to project management maturity and I've seen a great slowing in appetite to press forward with projects. As an accounting firm, we've also been greatly impacted by adjusted filing deadlines and the CARES act which means our operational teams are needing to make adjustments. As a result, my projects have by in large come to a halt.
COVID-19 has impacted my projects tremendously. Almost all my clients - mostly Fortune 500 companies - have cut existing projects and halted any future projects. But as a consulting company we continue to persevere and are doing our best to serve our clients.
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