Nearly 30% of project managers have seen a cutback in investment or projects as a result of the current economic climate, according to a study done by Josh Nankivel recently. He asked the readers of pmStudent.com what impacts on project management they had seen caused by the economy.

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Cutbacks and hiring freezes have lead to fewer human resources being available for project teams. There’s a noticeable clawing back of resources into core positions, and people seconded on to a project are finding it hard to balance priorities: they have to focus on the day job and therefore have less time to spend on project tasks – making it harder for the project manager. Lots of people responded that they were having to do more with less.

There is also a greater degree of financial scrutiny of projects, with 11% of people replying that this was more evident. Or are they just paying more attention now to the boring bits that other people normally do?

Read the entire article at Project Management Tips.