| |SEPTEMBER 20168Consultants Reviewhe term Project Management in India was once perceived as body shopping which essentially meant to provide the required resources for the project from time to time to manage the construction cycle. It was seldom seen as the science and art of sequencing all activities like planning, design, execution monitoring and the final product.However, with India in the development road map core importance has been given to this art especially keeping in view to adopt the global best practices in project delivery. Though our Project Management track record has been a mixed bag of successful projects and projects that have undergone cost and time delays, we need to build up our success stories and improve upon them. The search for increased productivity and maximizing the efficiency has been constant over the years, and it is likely to go further forword as new methodologies and technologies challenge the old and traditional ones. This will eventually mean that project managers have to acquire new, updated skills from time to time to keep up with the rest of the world.Though in setting up an enterprise, quality, cost and time are the three key parameters, saving on time is direct saving on the cost. This can be achieved only by implementing a robust process in managing the projects from design to the finished product on time. Whether it is an IT-ITES, an automobile or a real estate these parameters are common. The process and the program management is the key. As far as the construction industry is concerned the challenges and problems faced are global. Shortages of resources, socio-economic stress are some of them. Data shows that in India, the real estate is the second largest employer after agriculture and is envisaged to grow at a pace of 30 per cent over the next decade i.e, until 2025. In absolute terms by 2020 the market size would touch US$ 180 bn. With such a growth and coupled with the Government initiatives to encourage development in the sector it is evident that the industry needs to be poised with adequate resources both in terms of manpower and materials. Not only this but also to ensure that the growth is well managed and is sustainable. This is where the Project Management Office would play a key role in a fast developing country like India. IN MY OPINIONArt of Managing ProjectsBy Rajesh Sivan, Head of Projects, Fortis HealthcareFortis Healthcare Group is a healthcare provider operating across the Asia Pacific region with more than 20,000 employees and has presence all across the globe. With over 27 years of design and project management experience, Rajesh is a specialist in project management, engineering & design management, negotiations, planning and execution of super specialty hospitals.T
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