After hearing many things happening in the industry what I can see coming along our way are as follows;
1. Reducing resources of your projects which are in execution. This can happen if you are in to fixed price deals – Customer may ask you to reduce the number of heads in the project. Even internally, due to employee recession and recruitment freeze there will be corporate decisions to reduce the number of resources of your projects.
2. Requests for reducing the cycle time of the project- You may get requests to cut down on processes and documentation. You may get this request very often. A project which you spent 10 months to develop may have to be delivered within 6 months by cutting corners from your lengthy documentation and processes.
3. Even your teams may be over loaded with resources. – If you are in accompany where they have lost few projects due to the situation and still keeping the resources in house due to many reasons, your projects may get overloaded unless they get together and develop a specific product to the market.
4. You may have hear the news all of sudden “ we need to stop this project now because the customer or the investor stopped funding this project” What would be your position as the project Manager?
5. Some of your team members may not in focus and May not in their peak of productivity as they are so concerned about their lost hopes of increments, bonus, and even the stability of the company and their jobs.
6. Quality process may dropped drastically due to all these reasons
7. Sometimes only must have features will be requested.. If you are practicing scrum the product owner may satisfy with the project after first few sprints which delivers his core functionalities
8. You may have to cut down your project budgets dramatically, your team allowances, entertainments, team building activities will be a question mark.
Still you are a lucky PM ? why ? you still have a project to manage with all these problems and test your real PM skills of working under tremendous pressure.. .
As a PM nothing worst than not having any projects in your company to manage J
Lets discuss this further in a future post..