Strategic and advanced management in

projects
By:
Amandeep
Swadesh
Yogesh
Case study: Power plant project
Projects are being executed with best techniques and
resources.
Project was executed very successfully.
Authorities claimed “Many firsts, many records” on
successful completion of the project.
Achievements
Shortest time on evaluation of bids.
Shortest time on implementation of project.
Fastest financial closure.
No foreign equity.
First time financial support from J-Exim.
Concept of “turnkey financier” introduced.
Low cost per MW.
Lowest interest during construction.
Maximum supplier’s credit.
Milestones
Achievements were attained with restricted adherence
for the milestones fixed on ‘project life cycle’.
Milestones fixed and achieved:-
Decision for setting up the project Aug 95
Invitation for tenders Nov 95
Opening of tenders Dec 95
Clearance by various authorities Apr 96
Start of civil work Jun 96
Project completion Dec 97
Strategic and advanced management
techniques used
Success of this project has set an example for both
public and private sectors.
Techniques used:-
1. All round support from all the agencies involved.
2. A very strong motivated team with high team spirit.
3. Selection of proper location and suitable capacity.
Contd.
4. Selection of capable and competent “Project
management team”.
5. Project was identified as “speedy implementation
project”.
6. Selection of expert consultants.
7. Contracts were awarded by taking into consideration
the supplier’s credit and shortest delivery schedule.
8. Stiff penalty clause for delay in project.
Contd.
09. Close liaisoning with all the government agencies.
10. Stringent evaluation process of cost of project.
11. Clear and focused approach towards the
accomplishment of objectives such as :-
Completion in shortest time
Least cost
Best quality
Without time/cost over-run