New Delhi: Lack of talent and co-ordination in project management, land acquisition and multiple regulatory approvals are behind the tardy pace of infrastructure projects, a study conducted by Project Management Institute and KPMG has revealed. The study, commissioned by Ministry of Statistics and Program Implementation, said the dearth of talent in planning and management is also among the key reasons for slow development.
The study covered nine infrastructure sectors-- power, petroleum, coal, steel, Railways, roads & highways, civil aviation, ports and shipping, and telecom. The findings are based on a survey carried among 25 PSU and non-PSU organizations including interactions with over 100 respondents in these companies.
The report states that one of the major problems encountered by the infrastructure projects is schedule overruns which leads to hike in costs of the project. The prime reason has been delays in land acquisition, multiple approvals. The report identifies that global leading practices have not been dynamically adopted in the system so as to avoid these problems.
07/08/13 Anusha Soni/Business Standard
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The study covered nine infrastructure sectors-- power, petroleum, coal, steel, Railways, roads & highways, civil aviation, ports and shipping, and telecom. The findings are based on a survey carried among 25 PSU and non-PSU organizations including interactions with over 100 respondents in these companies.
The report states that one of the major problems encountered by the infrastructure projects is schedule overruns which leads to hike in costs of the project. The prime reason has been delays in land acquisition, multiple approvals. The report identifies that global leading practices have not been dynamically adopted in the system so as to avoid these problems.
07/08/13 Anusha Soni/Business Standard
