Week 5 discussion and participation questions

Many organizations have a difficult time reflecting the plans they create because often there are many unpredictable variables that change the parameters in the environment. For instance nobody could have predicted that the Japanese economy would have been devastated in the 1st quarter of 2011 by an earthquake. The earthquake inflicted so much damage that it caused radiation leakage in one of the nuclear energy plants that operated in Japan. Managers must utilized conservatism in their prediction of future business outcomes. The economy is very unstable and many industries have been struggling since the recession. The use of project management techniques can help managers become more adept at implementing plans.