Effects of the economy on projects and portfolios

Josh Nankivel at PM Student posted the results of a recent survey he did on the Impact of the Economy on Project Management.  I’ll be curious to see Josh’s comments on the survey.

I did notice that while there were answers about cutbacks, staff reductions, and increased financial scrutiny, I didn’t see any comments about changing priorities.  It would have been nice to see that the current economic turmoil is prompting at least some firms to take a nuanced look at their project portfolios.

Have any of you all gone through a project portfolio “rebalance” in response to the economy?

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