Prioritizing Projects in Economic Downturns (Part 1)

Posted on: January 26, 2024 | By: Meaghan Andrews | Uncategorized

This is the first in a series of three blogs that address how to prioritize projects during an economic downturn. Economic downturns bring challenges that demand strategic adaptation for businesses. Among the uncertainties impacting businesses, factors such as budget constraints, increased risk, stakeholder expectations, and talent retention become critical considerations. Understanding how an economic downturn will affect businesses and projects provides the foundation for organizations to adapt their strategies to...