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Lack of proper execution, talent and standard processes are responsible for delay in projects, according to Ricardo Triana, Chair of the US-based Project Management Institute (PMI).
Speaking to newspersons at a press conference on the sidelines of a national conference on project management here on Friday, he said there was a need to create a large pool of project management specialists.
PMI, a not-for-profit professional membership organisation, offers special certification programmes including the Project Management Professional (PMP) credentials across the world. "We have about six lakh certified PMPs in the world today,''’ Triana added.
Citing the recent of report of the Government, Raj Kalady, Country Director, PMI – India, said out of the 735 central sector infrastructure projects Rs 150 crore and above, 282 projects were delayed with respect to original schedule.
About 83 projects have reported additional delays vis-à-vis the date of completion reported in the previous month. These delays reflect an overall cost overruns of over Rs 1.83 lakh crore (19.2 per cent of original cost).
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