How does the current economic climate affect strat

How does the current economic climate affect strategic planning for the organization as well as for project management?

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PM skill and Project Management Maturity Model (PMMM)

INSTRUCTIONS:
1) Project management is a fundamental skill in an organization no matter what the economic climate. How does the current economic climate affect strategic planning for the organization as well as for project management? Provide commentary to support the importance of strategic planning in both strong and weak economies 2) Give a brief overview of the levels of the Project Management Maturity Model (PMMM). Review the “Foundation of Excellence” section of Chapter 4 of the text. Explain how strategic planning can enable a company to reach level five of their PMMM Reference: Kerzner, H. (2005). Using the project management maturity model: Strategic planning for project management (2nd ed.). Hoboken, NJ: John Wiley & Sons.
CONTENT:
EFFECTS OF THE CURRENT ECONOMIC SITUATION IN STRATEGIC PLANNING AND PROJECT MANAGEMENT Name: Institution: Course Title: Course Code: Instructor`s Name: Date Due: EFFECTS OF THE CURRENT ECONOMIC SITUATION IN STRATEGIC PLANNING AND PROJECT MANAGEMENT The current economic recession that is widely experienced in many parts of the world, has caused short, medium and long-term effects on businesses that may be hard to measure. An example of such impacts includes but not limited to; consumers limiting their consumption to more savings, se...
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