Monday, May 26, 2008

Business: Project Management to be a critical enabler for globalization

New Delhi (ANTARA News/PRNewswire-AsiaNet) - Kris Gopalakrishnan (CEO and MD, Infosys), Raj Kalady (MD, India, PMI) and many other thought leaders share their perspective and highlight trends in Project Management at the Project Management Leadership (PML) Conference 2008 by QAI.

On the occasion of their 4th International Project Management Leadership (PML) Conference, 2008, (http://www.qaiasia.com/Conferences/PML08/index.htm), QAI (www.qaiasia.com) brings the industry's thought leaders to share their perspective on the future of Project Management. The conference will be held at Bangalore on the 30th and 31st of May.

According to data shared by Raj Kalady (Managing Director, Project Management Institute, India),a recent government report (Quarterly Report by the Ministry of Statistics and Programme Implementation, Government of India) shows that, of a total of 866 government projects currently on the anvil, 297 are running behind schedule and more than Rs 24,000 crore (US$ 6 billion) will be spent additionally because of the delay - in some cases of over 16 years.

Additionally, The Economic Survey this year shows that over 260 infrastructure-related projects are behind schedule. All this shows that there is a critical need of Project Management at various levels in all industries.

Kris Gopalakrishnan, CEO and MD, Infosys Technologies, commenting on the domain says, " Project Management as a profession must step up to the new challenges created by globalization, increased use of technology, explosion of information, competition and therefore faster time-to-market.
Project Management is required not just in IT but in all sectors where growth is rapid and predictability, repeatability and adaptability are key to remain relevant.

Ability to scale Project Management capability both in terms of quality and quantity as well as the ability to operate in a flattening world will determine who stays ahead in the race."

On a similar note, Raj Malady, says "Mature project management practices close the gap between strategy and results. As India globalizes and is on an ambitious growth trajectory, with rapid developments taking place in both the private and public sector, India needs project management professionals who know how to compress schedules to meet the urgent needs of a developing economy. A key to this is utilizing standardized professional project management practices to build capacity and capabilities to achieve breakthrough results."

Commenting on the same, Navyug Mohnot (CEO, QAI) says "Projects have been managed even long before distinctive management processes were identified. Now, with the advancement in the Body of Knowledge, even complex projects are being managed across multiple geographical locations and distributed environments.

The progress seen by this profession has led to the emergence of Project Management as a critical element in this era of globalization."

The Project Management Leadership (PML) Conference is a platform for addressing the growing concerns of Project Management. It is a unique forum for exchanging, learning and accelerating implementation of best practices in the domain of Project Management. This conference brings together speakers of international repute from leading organizations and Gurus from all over the world will be speaking at the event. They will give meaningful insights on new areas of Project Management, People, Communication and the "How To's of the Project Management". They will also present the emerging trends in the domain of Project Management. PML is sponsored by Serena (http://www.serena.com/), PPM Studio (http://www.www.semanticspace.com), I-plan (http://www.iplanenterprise.com/), Collabnet (http://www.collab.net/) , Digite' (http://www.digite.com/) and supported by various PMI and SPIN chapters.

About QAI:

QAI is a leading global consulting organization set up in Orlando, USA in 1980. QAI addresses 'Operational Excellence' in IT, BPO and Knowledge intensive service organizations. QAI helps organizations do a better job of Project Management, Quality Management, Process Management, Human Capital Management, Innovation Management etc.

QAI, today has regional bases across the globe in the US, Singapore, China, Malaysia, UK and India which help to innovatively distribute and manage engagements across multiple locations. QAI facilitates enhanced competitiveness through multi-faceted interventions leading to Business Improvement through Consulting, Training, People, Process and Assessments, Benchmarking, Certification, Conferences, Resource provisioning through Quality Outsourcing and e-Learning.

QAI clients include IBM, Accenture, Wipro, Prudential, Genpact, American Express, Sony, TataMotors and 200 others across 30 countries. For more information, log in to http://www.qaiworldwide.org or http://www.qaiasia.com

CONTACT: Pooja Bhalla poojab@qaiindia.com Phone: +91(0)9811155798

SOURCE: QAI

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