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Economic Conditions

Economic Conditions

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.




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Economic planning

            A strong economy ensures that an organization plans well because there is no threat of economic failure. The current economic planning is a strong one. It will ensure that an organization takes all the necessary financial risks that are presented. The organization will be able to make long term decisions on the matters concerning money. As an organization, during the period of strong economy, it takes the advantage of buying…


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