How correct implementation of Effective Project management processes and tools minimizes risk to the re-start of redundant developments and cancelled projects after the financial crises in the United Arab Emirates.
After the financial crises of the past 5 years the United Arab Emirates (UAE) and North Africa regions (MENA) had enormous debts which reached into the hundreds of Billions of US Dollars. Bankruptcies and financial ruin where common place, but the region is now showing signs of increase confidence especially the UAE in the residential and commercial construction sectors. There are numerous UAE developers and Local government departments who have officially announced that some of their Mega projects (that were put on hold or cancelled due to the financial crises) are now going ahead and that the finance is available to complete those projects that were left redundant.
Officials are commenting that they have learnt from the past experiences and that a more transparent culture with strong leadership is required to ensure that the mistakes from the past are never repeated.
Delivering large scale projects requires the implementation of modern effective Project Management. Many of the cancelled projects require being either finished through to completion or started to implement the proposed existing design, and carry enormous financial risk. With the correct management processes and risk management techniques major stakeholders and organizations are now implementing new project management teams to reduce the risk of overspending and time delays, and to develop plans that ensure a better return on investment. The importance of clear concise information flow from the Executives down through to the project team is essential to decision making and objectives being met. What impact does quality control & management play within project life cycle
The following questions will be explored:
? What role leadership plays in Effective Project management
? How Project management processes are implemented
? Does quality control and quality management save money
? The importance of project planning to ensure timely completion
? What Are the Risks to re-starting redundant projects in the UAE
? Are there advantages to the financial crises on delayed or redundant projects within the UAE region
? Why do so many projects fail in the UAE
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