Why do projects suffer from time and cost overruns

Assignment Help Project Management

Reference no: EM133904610

Assignment:

The Assam Gas Cracker Project conceived as part of the Assam Accord signed in 1985 is yet to see the light of the day. It has been plagued by a host of problems starting from location to economic viability. Originally planned at Tengakhat, it was later shifted to a place called Lepetkata. The project is now being implemented by GAIL (a Government of India enterprise) as the lead promoter (70% share) with another public enterprise OIL (20% share) and the Government of Assam as minor partners. GAIL had to be brought in after India's largest private sector enterprise Reliance Industries backed out of the project saying that it was economically unviable.

The land acquisition for the project (as of mid-2008) is yet to be completed and there is still a lot of uncertainty regarding the availability of raw materials for production. In the meantime, the project cost has spiralled many times over to INR 50 billion, which is likely to go up further.

(a) Discuss the importance of Project Management in the light of the above situation.

(b) As a project manager employed with GAIL, what would be your line of action to see to it that the project is not delayed any further?

Reference no: EM133904610

Questions Cloud

Investigates employment discrimination : This assignment asks you to choose a federal agency EEOC: Investigates employment discrimination that adjudicates claims

Explain the meaning of business continuity : Explain meaning of business continuity and why it is important. Explain different considerations and risks for businesses associated with costs and cloud usage.

What are the common barriers to effective communication : Differentiate between automatic and controlled processing of persuasive messages. What are the common barriers to effective communication?

Discuss the international-national and state-territory : Discuss the international, national, state/territory, and the local legal considerations for work role boundaries and how they apply to organisations

Why do projects suffer from time and cost overruns : As a project manager employed with GAIL, what would be your line of action to see to it that the project is not delayed any further?

At what point in relation to it should you select the finish : It automatically updates when you include or exclude a transaction. At what point in relation to it, should you select the Finish now button?

Prepare a five-year schedule of compensation expense : Crane Limited established a SARs program that entitled. Prepare a five-year schedule of compensation expense pertaining to the 34,500 SARs granted to Kimberly.

Drugs legislation for relapse prevention : Discuss the international, Australian state/federal, and local legal considerations for specific alcohol and other drugs legislation for relapse prevention

How is amazons philosophy-current strategies appealing : How is Amazon's philosophy, culture, or current strategies appealing?

User Account

All Pages