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 Mr. Ari Speaks @ ICI Puducherry on Risk, Cost Management , Resource Planning in Construction Projects

Mr.O.Arivazhagan "Ari" was invited to give the Chief Guest Lecture on "Risk, Cost Management, Resource Planning in Construction Projectsorganized 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.

Conference Pictures


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