(This is in case of civil infrastructure projects
especially resident complex and other govt.
funded projects where the incurred cash flow in
complete loss and utilized resources go in vain.)
Purpose of Review
This definitely indicates to put more emphasis
towards adequate and practical solutions and
enhancing the success of projects in figures
during implementation. Success means projects
should complete in all respect and delivering the
desired or required objectives.
In this regards based on the practical experience
by author in the field of project implementation
and has envisaged the following are the basic
cause of the delay, incomplete projects:
Lack of adequate planning & scheduling steps of
projects
a.
b.
c.
d.
Inadequacy of breakdown structure of
project
Lack of work expertise for developing
planning and scheduling using software
Ineffective integrated communication of
interdisciplinary activity (e.g. foundation
completed but delayed in information hence
equipment erection delayed.)
A lack of dedicated responsibility matrix- In
Mega projects especially.
Lack of adequate cash flow
Successful implemented projects reveal that the
cash flow graphical representation in most of the
cases follow the S- Shape Curve.
Smoothen the shape of S Cuve for cash flow
indicated that cash flow in beginning phase of
projects should be very low (10-20 % of total
cash flow- 20 % of activity as per scheduling
duration should complete), in the beginning of
major implementation stage to major
implementation stage it should follow a smooth
and rapid cash flow (30-70 % of total cash flowand 30-70 % activity should complete as per
schedule). Finishing and close out stage should
follow constant and a very small percent of cash
flow however activities number wise are more
and schedule duration wise less. Hence most of
the activities of multidisciplinary are at the
completion stage.
At the closure stage of project a dip in the S
Shape curve indicates a reverse of Cash Flow
due to materials reconciliation ( means return of
left out material and this will reverse a small cash
flow).
Need to overcome above- Enhancing Skills
In view of above, to enhance the successful
implementation of projects epically civil
infrastructure and mega industrial projects as
well following skill upgrade could realize.
a.
b.
c.
d.
Skill learning of civil technical
software,
Project planning software
Dedicated knowledge of cash flow in
Project Management with its
fundamentals
Session on TQM tools specially “Fish
bone Diagram” –a Quality tool for
effective analysis for project
problems
This could lead for proven track of
achieving it. Construction engineers,
managers, infrastructure firms as well
as professional students at institutions
need to enlarge their skills towards
increasing
projects
completion
productivity, employability and country
economy.