Managing in Economic Tough Times revisited

For sharing on a theme I recently blogged about, a good post from thesavvyPM titled: Project Tips: Leadership through Turbulent Times.

Commonalities exist between project managers and traditional line managers (shouldn’t be a surprise as both roles involve “management”). thesavvyPM mentions several good points for those in the hot seat, what to think of and know, and I paraphrase here:
1. Leadership qualities one needs to exhibit
2. Acceptance of the realities and prepare for the times
3. Establishing a sense of urgency (she mentions crisis)
4. New business strategy
5. Open communications and involvement through the changes