Let us re-visit a cliché – “When the going gets tough, the tough gets going”. Well, going by the turmoil that is currently engulfing the Wall Street, it seems the toughs are actually busy preventing themselves from going out of business. Cut the pun. Let us ponder on the fallouts
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With increased globalization, corporations across the world are sourcing, manufacturing and distributing on a global scale. With the world flattening, supply chain has become more distributed – a failure in any process across the world could halt production abruptly and finally impact the bottom line. The result - supply chains have become more vulnerable to disruption and failures. Supply chain risk management is a growing concern for businesses across the world.
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According to Forrester, PMO has become the strategic center of IT. Various other surveys report that, IT Departments face great challenges in delivering the projects on time & budget. Surveys also show that organizations spend ~80% of IT budgets on tactical initiatives and only ~20% on strategic that are directly linked with business objectives.
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