Project management (a case study of Delhi metro project)

Project management has emerged as a discipline in recent years. It developed from different fields of application including construction, engineering, communications, defence and the like. A successful project must be on time, on budget and deliver quality as promised. Anything less will be either a failed project or a challenged project. Research evidence shows that only a meager percentage of projects are successful by all measures and majority of projects are either partial failures or complete failures. In addition to the strategic definition of the projects’ scope and time deadlines, it is argued that a project has a high probability of success if good planning, clear responsibility and accountability and schedule control, etc are adhered to strictly. This should certainly give proactive project managers both food for thought and motivation to action. With this perspective in mind, the present paper makes a modest attempt in defining project management in its real context, analyze and evaluate the benefits of efficient project management on the organizations’ overall performance and the like.