Project Management Institute and FICCI Sign MoU to Advance the Discipline of Project Management in India

New Delhi, India – Project Management Institute (PMI), the world's leading not-for-profit professional association for the project management profession and FICCI, India's apex business organization, signed a Memorandum of Understanding to advance the discipline and practice of project management in India. The MoU aims to advocate, promote and institutionalize project management across government agencies, public sector enterprises and organizations.

Project management is the application of knowledge, skills, tools and techniques to a broad range of activities -across sectors like infrastructure, engineering, IT, defense and aerospace, pharmaceuticals among others - in order to ensure that the projects are completed and delivered on time and within budget and to meet the objectives for which they were intended.

Project management becomes critical given the Indian government's focus on fast tracking infrastructure projects and to meet the growth objectives outlined in the Eleventh Five Year Plan. The MoU covers developing special training modules for government and public sector units on project management. Further, the MoU will enable FICCI access to PMI's globally developed project management standards, publications and case studies. The agreement also enables the two organizations to share information, conduct joint research and promote the discipline of project management through joint seminars, conferences and through other platforms.

Amit Chatterjee, Head Corporate Initiatives & Business Development, FICCI, said, "This is a crucial time in India's development cycle, where initiatives are being undertaken to fast track growth. Investments in infrastructure can only yield benefits if projects are completed on time and within budget and with minimal hurdles. Project management becomes a critical discipline that will provide engineers, project managers and key decision makers with standards to ensure better project delivery and improved business results. FICCI is committed to promoting PMI's standards and education in India as we believe this will only benefit the government, public and private sector in building greater efficiencies in their projects."

Raj Kalady, Managing Director, PMI India said, "Our partnership with FICCI is vital to the advancement of the project management profession in India. Given the impact of the economic downturn and the focus of the Indian government on infrastructure and growth, the time is right to apply the principles of project management to ensure that projects yield the benefits for which they were designed. The vision of PMI is to help India with nation building -and we believe our partnership with FICCI will enable us to do just that."

Source : Equity Bulls

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