Role of range focus in a mod developed economy - like the UK Project prudence as a management Concept confirms much economic activity. In industries as softwares, pharmaceuticals and naval projects motility businesses. And in the universal sector, it is very effective project management that translates politicians promises of new roads(Highways), schools and hospitals into scintillation new constructions that improve everyday life. So wed imagine that it would be possible to place rough sort of figure on the importance of project management to the UK economy. How much GDP does it drive? In which sectors of the economy? And as the economy evolves, how fast is project managements prominence increasing? Think again. As a conversation with the UKs Office of National Statistics reveals, the official Input-Output tables that record and dismember the makeup of economic activity within the UK go into no finer detail than at the level of individual industries. We get by that the GDP of the UK economy in 2002 amounted to some £1044bn, up 5% from £994bn the year before. We know which industries contributed the most to that overall GDP figure, and which contributed least.
tho we know nothing - at least in call of officially tabulated government statistics - about the extent of project managements contribution to that GDP. So what exactly is the contribution of project management to a modern developed economy, like the UKs? A statistic - and a caution American researchers employed by the Project Management wreak have an answer - of sorts. On the basis of data released by the Bureau of Economic Analysis, part of the US Department of Commerce, they estimated in 2001 that the US public and private sectors combined spend some $2.3trn on projects every year, an amount equivalent to a take out of Americas GDP. Construction, R&D, software development, organisational change, IT systems - add it all unitedly and thats the price tag. Extrapolating further, they... If you want to get a full essay, cast it on our website:
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