The document discusses how Buckman Laboratories was able to weather an economic recession through organization-wide process reengineering and global project portfolio management of its business systems. It implemented a single, flexible global business system using ERP software to gain efficiencies and consolidate reporting across its operations in over a dozen countries. This allowed the company to continue growing sales and avoid layoffs during the economic downturn, while other companies were cutting costs and projects. The success was attributed to executive sponsorship of the aligned initiatives and a professional approach to project management.