Despite a somewhat bleak outlook for many businesses trying to operate within the current depressed economy, the project management industry is holding its own as companies across the globe continue to run certain projects regardless of the state of the economic climate.
So says Guy Jelley, CEO of Post Vision Technology, who maintains that project management continues to be a “must-have” process as projects are the means through which organisations can cut costs, optimise and improve their businesses, even in tough times.
“The project management sector is one that is growing year-on-year, particularly in South Africa, which still has a developing economy and much of its expansion is project-based,” he explains.
“What is more, opting for a software as a service (SaaS) solution allows organisations to use the software, with the same benefits as an on-site implementation, at a fraction of the price. By utilising SaaS, companies get the same product functionality, but even better service, automatic updates and support without long term lock-in.”
According to Gartner, alternative models such as SaaS will see a net boost in adoption due to the current economic conditions. The organisation states that while SaaS has already gained increased attention in recent years, it is likely to become of even greater interest as global markets continue to struggle, and is expected to be adopted by more organisations to help them work through financial and competitive challenges and focus on their core businesses.
“SaaS is a growing phenomenon and I think it will catch on even more in the next year or two,” continues Jelley. “Considering the current economic situation, there is a much bigger focus on cost and companies are negotiating for better offers and aiming for greater efficiency. SaaS can offer them a solution that is not only cost-effective, but is also flexible enough to be adapted to a company's unique requirements, as well as change or growth.”
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