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Mr.O.Arivazhagan "Ari" was invited to give the Chief Guest
Lecture on
"Risk, Cost Management, Resource Planning in Construction
Projects” organized by
ICI Puducherry on 5th March 2015 at
Hotel Annamalai, Puducherry.
He said that
Project Management Techniques were lacking in
Construction Industry and that the practices being followed were
more than 10 years old. The Recent Budget
Analysis – Allocation of Rs.70,000/- excess for
Infrastructure which indicates that the Civil Engineers have a
bright future. He also said that the Knowledge gap was
huge in Construction Industry and that the Project
Engineers had no knowledge on EVM & S-curves.
Schedule
Risk & Cost Risk are very important to the
Construction Industry; people have to assess market
potential. Government has announced 6 crore houses
under “Houses for all” scheme. Power plant
projects have a new method called Plug & Play, government
assures that it will arrange for all land acquisitions and
permits, money is not spent on kickbacks. He also said surcharge
has been increased by 2% as the wealth tax has been
abolished. Construction Industry is following
“push” mechanism while Manufacturing Industry is following Just
In time mechanism.
He also
enlightened that on a global level, the body of knowledge covers
a total of 10 knowledge areas including Risk & Cost- it would be
useful for CEO’s, CXO’s, VP’s of big companies and Project
Managers to identify Risk in any project – the earlier the risk
identification, the better is the project future.
Identify risk & prioritizing risks is also an
important component – not all risks would be equally
important and generating a response for the risk should be an
action plan. He also said that Brainstorming is
an important technique that can be used for Identifying
& generating a risk response, Documentation & review is
also a handy technique as reading documents and drawings would
provide a structured review.
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