Evaluating Project Viability During a Recession

Evaluating Project Viability During a Recession

The viability of an open project can be significantly jeopardized by a global economic crisis. Depending on the severity, the actions an owner takes will determine how difficult the recovery is. Whether it's delaying a project, completely abandoning it, or reallocating the funds, owners have big decisions on their hands. In this guide, we discuss the steps an owner must take to determine a project's short term and long term viability in the midst of global economic stress.

The ability to forecast with a project management information solution (PMIS) allows owners to track and project costs on a granular level with a much higher rate of accuracy. What will it take to complete the project? Who do I still have to pay? What has been paid? What does my cash flow look like? What's the status of my funding sources? With the support of a project management information solution, this guide will help an owner to answer all of these questions.

Previous Article
Episode 2, featuring Joe Eberly of ProjectSight
Episode 2, featuring Joe Eberly of ProjectSight

Evan and Dan are joined by Joe Eberly -- the VP of Sales for Trimble ProjectSight. They discuss the impact ...

Next Article
Episode 1 -  featuring Scott Ackerman of the New Jersey DOT
Episode 1 - featuring Scott Ackerman of the New Jersey DOT

The guys are joined by Scott Ackerman of the New Jersey Department of Transporation. They discuss the impac...