Page 60 - Straight Talk On Project Management IV

A merger is a great opportunity to try out new solutions, like the PMaaS market. Often new budgets
are created to facilitate the necessary change – it gives you a good reason to ask for a budget
increase at the very least.

Mergers and acquisitions can usher in times of uncertainty for many, corporate coupling (as Tara
Lachapelle puts it) inevitably leads to cost-cutting but for those of us working in IT Project
Management it can be exciting, challenging and ultimately very rewarding when companies come
together – and highly pressured too.

You show me a successful merger or acquisition and I’ll show you a successful IT Project team
facilitating it.

I’d go further – when considering a merger or acquisition, boards should bring in their IT Project
team at the earliest possible stage or at least ensure that their IT Project operation is fit for the
challenges ahead and provide the necessary budget to make this so.

I can’t wait to hear of 2020’s company mergers and even more so, can’t wait to celebrate the way
that IT Project teams rise to the occasion to make them happen.

Sources:

bloomberg.com
https://www.bloomberg.com/opinion/articles/2019-11-25/merger-monday-a-five-year-m-a-
frenzy-keeps-rolling
houseoffraser.co.uk
https://www.houseoffraser.co.uk/company-information/our-history!!