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The role of risk management in large projects

Risk is inseparable from project management, particularly in large and long-duration projects, where inadequate risk identification, ownership and follow-up often lead to cost and time overruns. Practical vigilance, continuous follow-up and decisive execution matter more than theoretical frameworks in successfully managing project risks, writes R Jayaraman.Read more

Reimagining Project Management in India’s Construction Sector

While infrastructure investments have surpassed $ 850 billion in India, nearly 60 per cent of projects suffer cost or schedule overruns. Hence, it is important to drive efficiency, collaboration, and digital adoption for a resilient future, write Hitesh Tharwani and Abhijeet Jain. Read more

The importance of project management to the Indian economy

Projects create assets, which are then used to produce goods and services, which then generate wealth. Time delays in projects not only lead to cost escalations, but also to delayed outputs, says R Jayaraman.Read more

Autosys: An expert you can rely on

Autosys and its leadership team has over 30 years of experience across 500+ projects in a wide variety of sectors and industries. Read more

Energy efficiency is a prominent trend in the EPC industry

In this interview with Rakesh Rao, AK Tyagi, CMD, Nuberg Engineering Ltd (Nuberg EPC), explains the present status of EPC market and key growth driversRead more

Why was an E missed out from the ESG?

The Triple Bottom Line (TBL) accounting mentions three profits – economic profit, environmental profit and societal profit. In ESG, the economic profit has been ignored, and that’s taking the focus away from PE, says R Jayaraman.Read more

How can project managers improve their ESG build-ins?

Projects have a significant interface with the ESG (environmental, social and governance). Here, R Jayaraman explains five ways in which project managers can address the ESG concerns.Read more

Vedanta appoints 34-yr industry veteran for semiconductor business in India

Mike Young is appointed as Senior Vice President, Project Management Office and Manufacturing Operations for Vedanta-Foxconn Semiconductors Limited. Mike is the former CEO of SSMC and X-Fab Sarawak.Read more

PLI scheme for bulk drugs and medical devices receives 243 applications

Production Linked Incentive (PLI) Scheme for bulk drugs and medical devices, which closed on 30 November 2020, received 215 and 28 applications from manufacturers of bulk drugs and medical devices respectivelyRead more

Firms waste Rs 128K cr annually due to poor project management

Indian businesses loss more than 8% of every rupee spent through ineffective implementation of business strategy, reveals the 2018 Pulse of the Profession survey. Read more

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