EXPLORING IMPACTS OF ECONOMIC CRISIS ON PROJECT MANAGEMENT IN THE CZECH REPUBLIC

The late-2000s economic crisis with worldwide implications has received a lot of attention mostly from global and macroeconomic point of view. A gap is evident: not as much attention is paid to real consequences and responses on microeconomic level. Strategies, either expansion, stability or retrenchment ones represent complex and multidimensional issues and are therefore executed in organisations via project management. The paper presents primary results of a current research, covering the periods 2007-mid-2010. The scope relates to a sample of companies operating in the Czech Republic. Quantitative and qualitative data obtained from an expert survey were analyzed to reveal changes in managing projects under impacts of economic crisis on project management. The major contribution of the paper is a delivery of evidence and therefore a better understanding whether and how serious was the impact on project management in a particular country. The findings can contribute both to further research and practical purposes.