The overwhelming majority of studies that examine fundamental causes of large capital projects failures are focused on shortcomings in project management processes, standards, systems, tools and technical skills – the so-called “science” of project management.
Many companies in the CIS region have basic professional skills; for example, they are good at choosing technologies and building, but they still have to master the science of overall project management (including progress monitoring and monitoring of entire project implementation), integration of design, assembly and construction processes. The main risks are located particularly within these areas, as well as high-cost reduction potential and project duration implications.
One of the world’s leading consulting companies McKinsey believes that these issues should also be supplemented by organizational and guiding elements, which the company calls “the art of project management.”
Cohen Welmertfurt, partner of McKinsey, will deliver a report in Frankfurt and present the results of this study of the company on “the art of project management” with key conclusions about what the leader needs to do (and what not) to make the project successful.