[ Industry Participants ]

A key aspect of project management, quality management, and even risk management, is understanding the business context.  The context is the ‘environment’ in which a business or industry operates.  The context of, say, fast-moving consumer goods businesses is very different to, say, the pipelines industry.

Knowing an industry’s structure and its participants sets the context, and helps a worker in the industry to see the big picture. 

The pipeline industry has upstream participants (producers), midstream participants (transmission) and downstream (distribution).  There are direct participant and indirect participants. 

Knowing the context of your industry builds a good network, and promotes engagement.

(PECS Ref: IB001)