Q1 REVIEW (Year 2020): HOW COVID19 TOOK OVER PROJECTS AROUND THE GLOBE.
- Public health concerns started as a moderate risk for projects in some parts of the globe in Quarter One of Year 2020.
- The COVID19 pandemic became a severe risk to projects in virtually every sector and country of the world.
- Project Scheduling, Cost Variation, Contract Re-negotiation and Risk mitigation are some of the biggest project management issues to look at critically for the rest of the year.
If a story will be told of YEAR 2020, it will be titled “How COVID19 Silenced The Entire World”. And that includes projects and the practice of Project Management (PM). The Projects Advisory Services and Solutions outlook for the year picked public health as one of the major sectors to attract a lot of attention but no one saw the COVID19 pandemic coming so so big!
In this review of the first quarter of Year 2020, we discuss the major events and trends that have shaped our outlook and indeed the global world of Project Management.
Here’s a snapshot of the Projects Advisory Services and Solutions outlook for Year 2020 again: