Answer to Question #162312 in Management for Wajahat ali

Question

What are the existing project management practices in Pakistan. How the project procurement management activities can be improved?

Answer 1

Project management practices in Pakistan

Identification of the project need and formulation into a proposal.

Approval of the project by the forum.

Consultant selection process (3 to 4 months).

Project revision in case a project consumes more than 10% of the original budget.

Allocation of funds.

Review of the project once completed.

Performance measurement in terms of finances.

Improvement that can be implemented on project management activities;

Have a faster consultant selection process.

Adopt the new Market Rate System that allows more flexibility.

Avoid project revision.

Improve the definition of scope.

 Use of earned value to gauge the success of a project.

Preparation of schedules at inception for a better time and cash flow estimation.