Method123 Ltd

Method123 Ltd

April 27, 2009 09:41 ET

Project Tools Thrives During Recession

Despite the global recession, the Project Management Toolset specialists 'Method123 Ltd' are going from strength to strength

LA HABRA, CALIFORNIA--(Marketwire - April 27, 2009) - "Most of our competitors have been hit hard in the online world" says Jason Westland, CEO of Method123 Ltd. However luckily, our customers understand the true value in our Project Management Template offerings. As a result, we're going from strength to strength. Sales are up, customer conversions are up and our profit levels are allowing us to build new products for new markets".

"It's well known that the project management industry is being hit hard by the recession. The reason is that projects fall under Capital Expenditure within an organization, and as Capital budgets are purely discretionary, they are usually the first to go in a recession. The building and telecoms industries are being the hardest hit, with large project closures and mass redundancies. This affects the entire project industry. Project Sponsors have tight budgets, and there is little money available for spending on new tools. So managers and teams are forced to using Word documents Excel spreadsheets to manage their projects, as they used to in the old days."

Method123 are going against the industry trend by growing their sales revenue and investing in brand new initiatives. They believe their sales trend is due to the understanding in the project world, of the value of word and Excel project management templates. "Because we offer high quality products that people understand the value in, people are dumping their traditional desktop software and investing in our simple cost effective templates. Everyone knows that templates are easy to use, and they save you time and effort."

In addition to their Project Management Templates, Method123 have also released a suite of new Project Management Methodologies for projects. Their methodology products help teams to follow a standard Project Life Cycle for delivering projects. In this way, everyone in the project team knows what they have to do, how and by when. This saves them time and effort and improves their chances of success.

One of the most recent innovative offerings by Method123 is their Online Project Management software. This inexpensive software helps teams to plan, track and report on projects. As it's online, project managers and teams can login from anywhere in the world and check the latest real-time status of their projects. They can generate Project Status Reports in minutes and their Project Sponsors can simply login to see how the project is performing, as opposed to waiting on their weekly or monthly project status meetings.

By using the templates, methodology and software combined, Method123 have created a unique and compelling offering in the project management industry. Along with their continued growth in sales, they are well on their way to meeting their vision of "Becoming the leading Online Project Management Provider Worldwide."

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