Most people spend more time and energy going around problems than in trying to solve them. - Henry Ford
As per Economic Survey Report of 2017-18, India will require investments of around $4.5 trillion by 2040 to develop the infrastructure for sustaining its economic growth.
It has been observed that more than 37 per cent of 1754 of the central sector projects worth ₹150 crore and above are running beyond their scheduled date of completion, and have cost overrun of around ₹4.43 lakh crore. (MoSPI, 2019)
And, as per “Report (14 June, 2019) on the Taskforce on Project and Program Management from Niti Aayog, Government of India, the key issues of conventional approach of project delivery across different sectors in India are identified as follows:
(i) Uncertainties in land acquisition process and regulatory approvals;
(ii) Lack of comprehensive upfront planning and risk management; and
(iii) Low maturity of project management processes to adequately plan for such factors.
The factors mentioned in points (ii) and (iii) above can be addressed by adopting structured project management practices such as project scoping, planning, scheduling, risk management, communication management, change management, quality management, HR management, cost management etc. This boils down to the requirements of right people, right process, and right tools in order to implement structured project management practices on the ground.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Trust is a must
Trust a belief in the abilities, integrity, values, and character of any organisation is one of the most important management principles.
Listen To Your Customers
A good customer experience management strategy will not just help retain existing customers but also attract new ones.
The hand that feeds
Providing free meals to employees is an effective way to increase engagement and boost productivity.
Survival secrets
Thrive at the workplace with these simple adaptations.
Plan backwards
Pioneer in the venture capital and private equity fields and co-founder of four transformational private equity firms, Bryan C Cressey opines that we have been taught backwards in many important ways, people can work an entire career without seeing these roadblocks to their achievements, and if you recognise and bust these five myths, you will become far more successful.
For a sweet deal
Negotiation is a discovery process for both sides; better interactions will lead all parties to what they want.
Humanise. Optimise. Digitise
Engaging employees in critical to the survival of an organisation, since the future of business is (still) people.
Beyond the call of duty
A servant leadership model can serve the purpose best when dealing with a distributed workforce.
Workplace courage
Leaders need to build courage in order to enhance their self-reliance and contribution to the team.
Focused on reality
Are you a sales manager or a true sales leader? The difference, David Mattson, CEO, Sandler® and author, Scaling Sales Success: 16 Key Principles For Sales Leaders, maintains, comes down to whether you can see beyond five classic myths that we often tell ourselves about selling.
