Projects are now seen as essential model for creating value for the organizations as well as the economic growth of a nation. While quite a few Indian projects have achieved outstanding performance and even set international records, Project Management in India still has tremendous scope for improvement. A May 2023 report by the Ministry of Statistics and Programme Implementation, which monitors infrastructure projects worth Rs 150 crore and above, out of 1681 projects, 408 reported cost overruns and as many as 814 projects were delayed. The estimated cost overrun in these projects is Rs 480074.87 crore (which is 19.86% of the original cost). The strengthening of processes, building capabilities, broadening the project management culture and mindset, improving the stakeholder management, and robust governance etc. have been identified as key areas of improvement in these and as well as in successful implementation of the future projects.
Realising the need for a relevant programme in Project Management, IIMA started offering Executive Education in Project Management in 1985 and has trained over 2400 executives in this area. The focus of the programme has been on the Implementation Phase - the key area for the success of projects. Besides retaining the focus on the implementation phase of projects, the upcoming programme has a special emphasis on Project Risk Management and Data Driven Decision Making.
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To develop an understanding of the tools and techniques for effective management of resources and cost in projects.
To expose participants to the behavioural aspects of project management.
To provide an insight into the network-based project monitoring system.
To discuss various aspects related to contract management, project costing, budgeting, and other related topics.
To acquaint participants with project uncertainty and risk management.
Overview of project management, project life cycle
Behavioural Aspects in Project Management: Project organisation structure, management of project personnel motivation, project manager’s role, etc.
Gearing up for Mega-project Management
The programme predominantly uses ‘participant centred learning methods’ of case studies, group discussions, role plays, exercises, interactive lectures, and presentations by participants.
This programme is aimed at middle and senior executives who are planning to be involved in risk management in large national and international projects. The principles of project management will be applicable equally to projects in conventional construction and infrastructure companies, service sector firms, defence services projects as well as projects in manufacturing sectors, persons involved in planning and monitoring of projects and those in central/ state government, financial institutions and other agencies coordinating the implementation of various projects.