In The Project Economy, technology drives a lot of the disruption—and progress. You need to be able to overcome the various barriers that are preventing you from being more prepared for the project-driven economy of the future. How ready are you to embrace technology disruption?
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The pandemic has hammered the world economy hard. The following methods have proven to be practical cost-saving possibilities—and might inspire you. Adopt what fits your business the best and, hopefully, cope with the difficulties together with your teams.
Every once in a while, we get into an extensive debate about the role, presence, impact and future of the project economy. But to put not too fine a point on it: We have always lived in a project economy. It's just that it hasn't been very evenly distributed.
The Project Economy outlined in 2019 was driven from the convergence of tech, energy and infrastructure. COVID-19 forced a digital upskilling and appreciation for alternative energy that has accelerated the transition.
The more uncertain the times, the more adaptability we need. We need to recognize that things have changed. In the age of COVID-19, we don’t know when we will find a new “normal"—which is probably longer away than we might like.
As The Project Economy reimagines business around the concept of projects, the disruption to operations increases. The project delivery function needs to manage that if an organization is going to succeed.
With projects beginning to take center stage in many organizations, it's only logical that everyone hone their project-thinking skills, to view routine workflows and value-streams through the lens of the project manager.
In order to manage innovation to meet global challenges, organizations should implement an approach that joins together the management of individual projects, integrates them to the organizational project perspective for delivery and governance, and aligns them to the organizational strategy.
Innovation is going to be key in the ability of an organization to recover. The depth of the impact that the pandemic has had on most industries means that resuming the pre-pandemic strategic priorities simply won’t work. Agile teams are the key to making that happen.
The COVID-19 pandemic is forcing organizations to rethink their strategy and refocus their investments. And just as our understanding of the crisis continues to evolve rapidly, our strategic response must, too, with continuous review and refinement to ensure it stays relevant. Here are four must-ask questions to support the process.