I came across this great whitepaper by @task called Driving High-Performance Projects Despite Shrinking Budgets: Three Keys to Increasing Productivity and Reducing Costs Across the Enterprise. It seems to sum things up pretty well:
"There are many corporations getting ready for hibernation. They've already resigned themselves to crawl into a cave and wait things out. Organizations may need to reevaluate the way they do business in today's market, but there's no need to hide and let potential profits evaporate like the snow in spring. ... Project managers challenged by shrinking budgets can still drive high-performance projects."
The whitepaper gives three keys for increasing productivity and reducing costs across the organization:
1. Make sure your organization has access to accurate information.
2. Focus on bottom-line activities.
3. Make the organization's vision accessible to everyone.
What do you think? Is your organization hibernating or rising to the challenge?