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Vol. XI Issue VI - June 2009
Project Management eJournal
Project Management News from Germany
By Manfred Rieck, MBA, PMP International Correspondent for PMForum & PM World Today Wiesbaden, Germany
Introduction
The “German Summer” has begun as we have very nice temperatures, which is drawing off somewhat the attention from the economic situation we are in. The outlooks from German Research Institutes are promising 6% negative growth of the German GDP. They are expecting 4.7 Mio jobless persons in 2009. To avoid negative effects to the consumer spending behaviour, which is still stable and sharp tongues are assuming that the German chancellor election in 2009 could be another reason, the short-time work in Germany is expanded from 18 to 24 month to avoid an increase of jobless persons. On the other hand the German climate index IFO, which is an indicator for the business expectations has grown from 82.2 in March to 83.7 in April.
German Executives are looking optimistic into the situation as documented in a recent study from Boston Consulting Group (BCG), but it is mentioned in several sources (Handelsblatt, Frankfurter Allgemeine Zeitung, The Economist) that many companies are underestimating the situation.
A 3rd economic package is not planned for the moment as the effects of the two working packages are not yet felt.
Looking into the project management landscape it could be seen that most of the PMI chapters are working in a “business-as-usual” mode preparing their events and the newsletters.
Read Complete Regional Report >>
About the Author
Manfred Rieck, MBA, PMP, is an International Correspondent for www.pmforum.org in Frankfurt, Germany. Mr. Rieck is Manager at IBM Corporation for IT-Business Development and Project Delivery in the finance, automotive and public sectors and holds an IBM Senior Project Manager certification. He was previously Program Manager in IBM’s Project Management Center of Excellence (PM/CoE) responsible for EMEA. Mr. Rieck is specialized on recovering critical complex projects in international environments and on the development and implementation of change management programs. Manfred has a Master of Science in Computer Science from University Bonn, Germany and is enrolled in the Masters in Business Administration (MBA) program at Henley Management College, UK. His research investigates change management studies. He is also a member of the 2007 PMI® Leadership Institute Master Class. After being Vice President of the Frankfurt Chapter of the Project Management Institute (PMI®) for several years Manfred is actively engaged in the PMI® Component Mentor Program Mentor Advisory Group (CMP MAG) advising the European Component Mentors in PMI related topics to promote professional project management across Europe. Additional information about
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