Business over the past 24-months has been eventful for a whole host of local and global reasons. Economic conditions have been particularly challenging, driven primarily by conflict both in Europe and the Middle East, which has directly impacted the cost of oil and downstream into energy, thereby influencing inflation and interest rates. Meanwhile around half the world’s population, in more than 70 countries, undertook a national election in 2024, this being described as the largest election year in history, with results that were in the main unfavourable for incumbent parties, with new leaders elected. It is widely speculated that recent global economic crises and international conflicts were the largest international drivers for changes in government, on top of various domestic issues. Often, as is the case currently, these macro events form part of a cycle, meaning that we know following a period of instability that the cycle will turn positively in due course. The key enabler for our business is the continued reduction in interest rates, which directly impacts the cost of commercial borrowing for our customers to invest in their change and transformation agendas. Businesses have a known pent-up demand following two challenging years of relatively low levels of activity particularly regarding the mobilisation of new transformation programmes. Throughout Q4-24 we have seen an uptick in enquiries which is a positive sign of things to come, particularly as a number of conversations could lead to a team sale. Maintaining our levels of customer engagement and conversations are key to protecting our position and keeping us front of mind. Over the years, we have built a fantastic reputation for quality, senior leadership capability across all three elements of our refreshed Value Proposition - Programme Management, Change Management and PMO. We continue to be recognised in the UK Top 20 by the Financial Times Leading Management Consultancy rankings, and even more so by Consultancy.uk for our specialism in PPM where we continue to be ranked second in the country and for being the leading boutique in our sphere. One of our core values is the Power of the Team, which sits at the heart of our DNA in everything that we do both internally as a business and externally in support of our customers. Each of us should play our part when engaging with our customers, stakeholders and network to promote our brand and our capabilities with market growth in mind. We start the year with a positive mindset and optimistic outlook for a brighter year ahead as the business world stabilises and returns to growth.
Our purpose
Our mission is as true today as when Project One began in 1998. Our role is to transform and make a real difference to our customers and to the lives of their customers. We are Transformers! We remain the UK’s leading boutique management consultancy in our core service of Programme and Project Management, and I look forward to taking our refreshed Value Proposition including Change Management and PMO to market in 2025, ensuring our customers get the best value out of our teams.
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