The Hindu : Andhra Pradesh / Hyderabad News : Rising demand for project management professionals

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Thursday, Nov 05, 2009
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Andhra Pradesh

Andhra Pradesh - Hyderabad

Rising demand for project management professionals

Special Correspondent

HYDERABAD: To drive home the necessity of skilled project management professionals in successful execution of projects in business, government and community sectors, the Project Management Institute is hosting India’s first ever national conference here from November 13.

Mr. Raj Kalady, managing director, PMI (India) addressing media persons here on Wednesday said that a cost overrun of about Rs.45,000 crore was estimated due to delay in 500 projects of below Rs.100 crore projects. According to an estimate $ 45 trillion worth projects would be executed in the next five years world-wide requiring at least 20 million project management professionals.

Of this, a conservative estimate of 5,00,000 project management professionals would be required in India itself. These professionals would play an important role in executing a project without time and cost overruns by anticipating and mitigating risk factors and through proper planning. “A professional research body, Indicus, was entrusted with the task of identifying the exact number of project management professionals required in India. Its report would be released by the month-end,” said Mr. Kalady.

V. Srinivasa Rao, chairman, PM conference India, said the PMI would serve as a catalyst to meet the requirement of project management professionals.

The conference would offer opportunities for project management practitioners, students and executives in corporate, government and NGOs.

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