Project Management Institute

Comply or die

From finance to healthcare to telecommunications, the already long list of compliance regulations keeps growing. And each time a new rule or restriction is added, the project teams and organizations it affects have to adapt. This article discusses how organizations are launching more compliance-based projects to align themselves with new regulations or meet new industry standards to stay competitive. It explains how these new approaches differ from their project counterparts. It then examines how a financial services organization, a healthcare organization and telecommunications organization are making the most of these mandates. It explains how a U.K. financial services organization dealt with increased regulation and security issues. The article then overviews how a healthcare consulting firm deals with new regulations that are often unclear when compliance projects are launched, for example, the U.S. Affordable Care Act (ACA) and then looks at the importance of performing cost-benefit analysis to determine
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