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Topics: Change Management, Government, Organizational Project Management
What will happen to the projects? What about development approaches?
With rampant inflation, rising interest rates, significant devaluation of corporate shares and harbingers of recession

What will happen to the projects? What about development approaches?
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It depends. Some of them will be on hold. Some will be pushed. Priorities has changed due to the reasons you mentioned.
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2 replies by Abolfazl Yousefi Darestani and Luis Branco
Jun 16, 2022 10:58 AM
Luis Branco
...
Dear Abolfazl
Thank you for participating in this reflection.
I'm really worried about these changes that are happening so fast.
What will be the impact on employment? It is even paradoxical: from the great resignation to the search for a job, whatever it may be.
Jun 17, 2022 8:37 AM
Abolfazl Yousefi Darestani
...
TBH, I do not know. Again, it depends. I think the unemployment rate will increase a little bit.
Luis -

As with previous economic downturns, companies will tighten their belts and focus on completing mandatory projects as well as those which have very short payback periods.

Adaptive delivery approaches are likely to continue to be emphasized where applicable to deliver tangible value sooner.

Kiron
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1 reply by Luis Branco
Jun 16, 2022 11:00 AM
Luis Branco
...
Dear Kiron
Thank you for participating in this reflection.
Such rapid changes are paradoxical.
The world is no longer what it used to be!
Luis

Some of our projects now are put on hold and I heard yesterday that the provincial government put many projects of their on hold for now, and some are really big projects.

RK
...
1 reply by Luis Branco
Jun 16, 2022 11:02 AM
Luis Branco
...
Dear Rami
Thank you for participating in this reflection.
The world is no longer what it used to be!
How to assess risks in times of such great and rapid change?
When the economy is in a downturn, companies tend to switch from growing revenue to reducing costs. That means projects that will be approved are those whose benefits are mostly about cost savings.

On the other hand, government organizations are less likely to switch gear. They still have to provide benefits and services to their constituency. Therefore, you can expect the same gamut of government projects.
...
1 reply by Luis Branco
Jun 16, 2022 11:07 AM
Luis Branco
...
Dear Stephane
Thank you for participating in this reflection.
The world is no longer what it used to be!
I'm convinced the sovereign debt crisis is lurking
I have doubts if the states, despite being so indebted, will take on more debt to finance their projects
I was impacted by the dotcom bubble bursting in early 2001. I was just getting started as an HTML designer for a boutique firm. The company was in the middle of negotiations to get purchased by a larger firm. Over the period of a few weeks, some of our customers started putting web projects on hold, which made us less interesting to the company looking to buy us and the deal fell through. Those of us with active projects were let go as our projects completed as not enough new work was coming in.

Some transformations will be put on hold while companies tighten their belts. Other companies will feel increased pressure to transform. There will be layoffs (there are always layoffs). There will be increased competition for full time and contract work.
...
1 reply by Luis Branco
Jun 16, 2022 11:09 AM
Luis Branco
...
Dear Aaron
Thank you for participating in this reflection.
I'm really worried about these changes that are happening so fast.
What will be the impact on employment? It is even paradoxical: from the great resignation to the search for a job, whatever it may be.
The world is no longer what it used to be!
Jun 16, 2022 8:35 AM
Replying to Abolfazl Yousefi Darestani
...
It depends. Some of them will be on hold. Some will be pushed. Priorities has changed due to the reasons you mentioned.
Dear Abolfazl
Thank you for participating in this reflection.
I'm really worried about these changes that are happening so fast.
What will be the impact on employment? It is even paradoxical: from the great resignation to the search for a job, whatever it may be.
Jun 16, 2022 8:58 AM
Replying to Kiron Bondale
...
Luis -

As with previous economic downturns, companies will tighten their belts and focus on completing mandatory projects as well as those which have very short payback periods.

Adaptive delivery approaches are likely to continue to be emphasized where applicable to deliver tangible value sooner.

Kiron
Dear Kiron
Thank you for participating in this reflection.
Such rapid changes are paradoxical.
The world is no longer what it used to be!
Jun 16, 2022 10:40 AM
Replying to Rami Kaibni
...
Luis

Some of our projects now are put on hold and I heard yesterday that the provincial government put many projects of their on hold for now, and some are really big projects.

RK
Dear Rami
Thank you for participating in this reflection.
The world is no longer what it used to be!
How to assess risks in times of such great and rapid change?
...
1 reply by Rami Kaibni
Jun 16, 2022 12:02 PM
Rami Kaibni
...
You have to be nimble, ready to pivot and increase frequency the assessment and re-assessment of your risks. As funny as it seems, we do daily risk assessment these days for some of our projects as we live in a very uncertain period of time.
Jun 16, 2022 10:49 AM
Replying to Stéphane Parent
...
When the economy is in a downturn, companies tend to switch from growing revenue to reducing costs. That means projects that will be approved are those whose benefits are mostly about cost savings.

On the other hand, government organizations are less likely to switch gear. They still have to provide benefits and services to their constituency. Therefore, you can expect the same gamut of government projects.
Dear Stephane
Thank you for participating in this reflection.
The world is no longer what it used to be!
I'm convinced the sovereign debt crisis is lurking
I have doubts if the states, despite being so indebted, will take on more debt to finance their projects
...
1 reply by Stéphane Parent
Jun 17, 2022 8:02 AM
Stéphane Parent
...
I'm happy to disprove you, Luis. The Canadian Government announced yesterday it will be investing another $8.9B to help Canadians deal with inflation.

That's going to create a bunch of new projects to implement and disburse the new or updated benefits.
Jun 16, 2022 10:51 AM
Replying to Aaron Porter
...
I was impacted by the dotcom bubble bursting in early 2001. I was just getting started as an HTML designer for a boutique firm. The company was in the middle of negotiations to get purchased by a larger firm. Over the period of a few weeks, some of our customers started putting web projects on hold, which made us less interesting to the company looking to buy us and the deal fell through. Those of us with active projects were let go as our projects completed as not enough new work was coming in.

Some transformations will be put on hold while companies tighten their belts. Other companies will feel increased pressure to transform. There will be layoffs (there are always layoffs). There will be increased competition for full time and contract work.
Dear Aaron
Thank you for participating in this reflection.
I'm really worried about these changes that are happening so fast.
What will be the impact on employment? It is even paradoxical: from the great resignation to the search for a job, whatever it may be.
The world is no longer what it used to be!
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