Project Management: A Survey of Current Practices and Implications | Zendy

M. G. Korgaonker | Zendy

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Project Management: A Survey of Current Practices and Implications

Author(s) -

M. G. Korgaonker

Publication year - 1987

Publication title -

vikalpa the journal for decision makers

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.241

H-Index - 23

eISSN - 2395-3799

pISSN - 0256-0909

DOI - 10.1177/0256090919870402

Subject(s) - cost overrun , cites , project management , business , duration (music) , earned value management , project management triangle , project planning , program management , operations management , best practice , project charter , engineering , management , economics , construction industry , construction engineering , art , literature , fishery , biology

In completing a large project there is a time overrun of the order of three years on a scheduled project duration of 3.7 years and a cost overrun of 140 per cent. Production losses are five times the cost overrun due to delay. Cost and time overruns are jeopardizing the viability of the projects themselves. M G Korgaonker reviews and analyses the Indian experience as to why there are such heavy overruns. Based on a survey of current practices in project management, he concludes that project management practices can be improved considerably. He cites instances where effective management practices have led to completion of projects as per plans. He draws implications of his analysis for the pre-investment investigation, project appraisal, organization, and implementation stages of project management.

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