Country Head : PMI India
Greetings to all!
It gives me great pleasure that the PMI Chennai Chapter has come forward to promote
an Engineering & Construction forum as a part of their out reach activities .
This Forum could not have arrived at a better time. The 12th five year plan intends to double
the infrastructure spending to USD 1 trillion through 2012-17 with 50 percent of the funding
to be met by private sector. With Project delays and cost overruns, afflicting this industry,
this forum will serve as a platform to discuss industry challenges with respect to Project
Management, share best practices and more importantly serve as a catalyst to promote
industry academia linkage.
I wish the forum all success and hope that this movement will help the industry to improve
their Project Management capabilities and thereby meet their business objectives.
How important is the Project Management Skill?
Quality of Project Managers has the highest influence of all the factors!
Source: PMI-KPMG Study on drivers for success in Infra Projects
PMI FICCI Report 2010 – PM in India
Insights in 6 key sectors
IT-ITES and Automobile sector have a
high level of adoption and performance.
Infrastructure sector is the highest
contributor to Gross Domestic Production
(GDP) among the six sectors studied;
however, project management practices
are yet to realize benefits in this sector.
Defence is an investment sector from a
national perspective, resulting in capital
expenditure of about 3% of the GDP.
Planning Commission acknowledged the need of
Project Management in its Approach Paper to
the 12th Five year plan
“Implementation in many areas, particularly in infrastructure development,
involving large projects, is held up for a variety of reasons. Coordination
needed across different agencies to facilitate 12 Approach to the Twelfth
Five Year Plan progress in project implementation is often lacking and can
lead to long delays and cost over-runs. ‘Project management’ capabilities
must be improved for the country to get better returns from public
investment in infrastructure and also in the social sectors’. Project
management, with a view to deliver on time and within cost, is a learnable
capability that can be institutionalised, as demonstrated by the
development experiences of Japan, Korea, Singapore and China. A nation-
wide drive to improve project management must be an integral part of
the Twelfth Five Year Plan.
Further in the 12th Plan PM is the key in the India Backbone implementation Network