Article link:
Revamped
Infra Monitoring System to be Unveiled in January
Extract from the article:
The article highlights the upcoming unveiling
of a revamped infrastructure monitoring system by The Economic Times in
January.
This new system is aimed at addressing potential slippages in infrastructure projects to
ensure that both costs and timelines are kept within approved limits.
By leveraging this updated monitoring system, stakeholders can proactively identify and mitigate any delays
or overspending in various developmental projects.
My Take:
Monitoring
Projects in Real-time
"Hey, look at what
I thought of in 2020 about real-time project
monitoring !
It's thrilling to see the development of such
monitoring systems today.
I
had advocated for real-time updates on infrastructure projects to enable accessible information for all stakeholders.
The unveiling of this revamped system reflects
a step towards greater transparency in project management, aligning with the
need for efficient infrastructure development."
Infra
Projects: How to Control Time and Cost
"These infrastructure projects, often
plagued by cost and time overruns, resemble black holes consuming resources.
While complete elimination of overruns might
not be feasible, reducing them to 5% or less is achievable.
It's crucial for decision-makers to follow
structured procedures to curb unnecessary delays and expenses. The new
monitoring system's focus on identifying slippages aligns with the necessity to
control both time and cost implications effectively."
Gadkariji:
Solution is Hiding in Plain Sight
"Reflecting on past suggestions on
project monitoring and control, it is evident that effective monitoring using
tools like PERT
can significantly impact project outcomes.
The drive towards minimizing time and cost
overruns is a shared goal among policymakers and project implementers.
The unveiling of the enhanced infrastructure
monitoring system resonates with the long-standing
advocacy for better project management practices, bringing us a step closer to
efficient project execution."
Call to Action:
To the policymakers and stakeholders involved
in infrastructure projects mentioned in the article, embrace
the revamped monitoring system as a tool to enhance project efficiency
and transparency.
Ensure active engagement with the system to
proactively identify and address any potential slippages, fostering a culture
of accountability and timely project delivery.
With regards,
www.My-Teacher.in / 04
Jan 2024
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