Project Management Institute

In hindsight

The year of 2009 involved much detrimental change. Around the world, in the wake of the global economic downturn, organizations halted countless numbers of projects due to depleted funds and resources. This article examines both the successes and the failures that occurred globally in the project management world during 2009. In doing so, it describes why organizations increasingly used project metrics throughout the project lifecycle, noting how this adoption of metrics can help them in the future. It explains how the global financial crisis of 2009 has forever changed the practice and process of managing projects. It then discusses some of the decisions that organizations made to deal with 2009's financial crisis, looking at how some were not always in an organization's best future interests. It also overviews how organizational cutbacks of 2009 have shaped how companies now view long-term planning and how they organize and implement their operations.
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