Global GDP growth is projected to fall from the 5% achieved in the pre-recession year of 2007 and the stimulus-laden year of 2010 to a projected 3% in 2012. There is simply less growth to go around today. That means organizations have to be better than ever just to be as successful as they once were. We see some evidence of how this is impacting projects from our own Economic Pulse Survey. Results from the most recent survey show that both the percent of project cancellations as well as the percent of professional development cancellations held at relatively high levels.
