Recommendations for successful project execution
ECONOMY & POLICY

Recommendations for successful project execution

The Project Management Institute (PMI) and KPMG, India, in consultation with the Ministry of Statistics and Programme Implementation (MOSPI), has jointly released a study titled Revamping Project Management: Assessment of Infrastructure Projects and Corrective Recommendations for Infrastructure Projects at Vigyan Bhawan in New Delhi. 

The objective of this study is to bring out the core issues in implementing the Government’s large infrastructure initiatives and provide corrective recommendations to strengthen project and programme management capabilities along with an analysis on the potential for job creation.

“As per the study, the implementation status of most projects points out the gaps in the application of project management practices,” said Murat Bicak, Chief Strategy & Growth Officer, PMI. “Therefore, systematic adoption of this discipline and implementation of project management techniques are crucial for a country like India.”

Pravin Srivastava, Secretary & Chief Statistician of India, MoSPI, said, “The Government has been implementing various initiatives to encourage the growth of the sector, such as e-Suvidha and India Investment Grid. This report will prove to be useful for policymakers to promote successful implementation of projects within the scheduled time and costs.’’

And Puneet Narang, Partner, Major Project Advisory Infrastructure, Government and Healthcare, KPMG India, said,  “This report aims to provide a reflection on what is not working and, more important, what can be done to help debottleneck infrastructure creation in India.” 

About Rs 50 trillion of investment is required over the next four to five years (2018-22). Given this, it is crucial to focus on core industry issues and the opportunity that lies therein. On the whole, the study’s recommendations can lead to improved project management capabilities as they address causes that contribute to above 60 per cent of time overruns and above 70 per cent of cost overruns.

Recommendations: 
  • Invest heavily in preplanning and site investigation
  • Implement collaborative and agile planning
  • Reform procurement process and strengthen contract management 
  • Implement lean construction principles for productivity improvement 
  • Embed a culture of risk management; from concept to commissioning
  • Strengthen people management processes
  • Augment organisational skill-sets
  • Deepen stakeholder management for land acquisition and regulatory approvals.
  • Establish a robust project governance structure.

These recommendations will be useful for policymakers, public-sector enterprises and engineering and contracting firms in the country that are implementing these programmes and projects to promote successful project implementation within scheduled time and cost. 

The Project Management Institute (PMI) and KPMG, India, in consultation with the Ministry of Statistics and Programme Implementation (MOSPI), has jointly released a study titled Revamping Project Management: Assessment of Infrastructure Projects and Corrective Recommendations for Infrastructure Projects at Vigyan Bhawan in New Delhi. The objective of this study is to bring out the core issues in implementing the Government’s large infrastructure initiatives and provide corrective recommendations to strengthen project and programme management capabilities along with an analysis on the potential for job creation.“As per the study, the implementation status of most projects points out the gaps in the application of project management practices,” said Murat Bicak, Chief Strategy & Growth Officer, PMI. “Therefore, systematic adoption of this discipline and implementation of project management techniques are crucial for a country like India.”Pravin Srivastava, Secretary & Chief Statistician of India, MoSPI, said, “The Government has been implementing various initiatives to encourage the growth of the sector, such as e-Suvidha and India Investment Grid. This report will prove to be useful for policymakers to promote successful implementation of projects within the scheduled time and costs.’’And Puneet Narang, Partner, Major Project Advisory Infrastructure, Government and Healthcare, KPMG India, said,  “This report aims to provide a reflection on what is not working and, more important, what can be done to help debottleneck infrastructure creation in India.” About Rs 50 trillion of investment is required over the next four to five years (2018-22). Given this, it is crucial to focus on core industry issues and the opportunity that lies therein. On the whole, the study’s recommendations can lead to improved project management capabilities as they address causes that contribute to above 60 per cent of time overruns and above 70 per cent of cost overruns.Recommendations: Invest heavily in preplanning and site investigationImplement collaborative and agile planningReform procurement process and strengthen contract management Implement lean construction principles for productivity improvement Embed a culture of risk management; from concept to commissioningStrengthen people management processesAugment organisational skill-setsDeepen stakeholder management for land acquisition and regulatory approvals.Establish a robust project governance structure.These recommendations will be useful for policymakers, public-sector enterprises and engineering and contracting firms in the country that are implementing these programmes and projects to promote successful project implementation within scheduled time and cost. 

Next Story
Infrastructure Transport

NF Railway Launches Girder on World’s Tallest Pier Bridge in Manipur

The Northeast Frontier Railway (NFR) has reached a significant engineering milestone by successfully completing the girder launch on the iconic Noney Bridge in Manipur.Regarded as an engineering marvel, the Noney Bridge is recognized as the world’s tallest railway pier bridge. It forms a crucial part of the 111 km long Jiribam-Imphal railway line project.Recently, the final span of the bridge was successfully erected, marking the completion of all eight spans of this monumental infrastructure venture.Kapinjal Kishore Sharma, Chief Public Relations Officer of NFR, stated that this accomplishm..

Next Story
Infrastructure Urban

Cube Highways Trust Reports Rs 34.53 Bn Total Income in FY25

Cube Highways Trust (Cube InvIT), managed by Cube Highways Fund Advisors, concluded its second financial year post-listing on a strong note by reporting a total consolidated income of Rs 34.53 billion for the financial year 2025, marking a 12.3 percent year-on-year (YoY) increase.According to the official media release, Cube InvIT posted a consolidated earnings before interest, tax, depreciation, and amortisation (EBITDA) of Rs 2,380 crore, reflecting a 21.7 percent YoY growth. During the year, traffic volumes increased by 6.2 percent, while the Asset Under Management (AUM) grew 25 percent to ..

Next Story
Infrastructure Transport

New Flyover to Ease Traffic on Hyderabad’s Busiest Road

To improve urban connectivity and reduce traffic congestion in the city, the Greater Hyderabad Municipal Corporation (GHMC) will undertake the construction of a two-lane unidirectional flyover at NFCL Junction in Banjara Hills, along with a two-lane unidirectional underpass and a three-lane unidirectional flyover at TV9 Junction, as part of the state government’s prestigious Hyderabad City Innovative and Transformative Infrastructure (H-CITI) programme.The NFCL Junction flyover will be a two-lane unidirectional structure extending from Banjara Hills Road No. 3 towards GVK Mall. It is planned..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?