“One way to achieve more at a lower cost is to partner with businesses that are operating locally. Walker said that one of the main groups using Westminster services are the unemployed, so his council has worked with local businesses to get unemployed people trained and taken on in work, which helps staff redevelopment projects but also reduces demand on key services.
Figueira said that these kind of arrangements are often a win-win. The local authority gets the benefits of reduced demand and improved conditions for residents and the company is able to fulfil its corporate social responsibility remit and build a reputation for working with local authorities.
Even so, senior staff will need to track the project at some stage. Martin said that executives want to monitor spending, risk levels, strategy, interdependencies and other key metrics. Otherwise it becomes impossible to know whether or not the organisation is doing well.” – Shane Richmond for the Business-Reporter, excerpted from this article, “The experts’ view: Transforming projects through effective portfolio management“, click here to read the article in its entirety. [end]
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