Borrowing For The Wrong Project Is A Foolish Decision!!!!!

One Lesson Other State Governors Should Learn From The Mistake of Rivers State Past & Present Administration

1.With $150 million annual turnover, within a decade investors will recover their capital investment in the building of 1 refinery with a production capacity of 16,000-barrel a day.

2.Since the cost of a refinery plant is between $700 million and $800 million, it will be important to assume that, if a state government decides to invest in building refineries, then there will be a stable economy in the state, on a 7 years projection index.

3.If the state governments run two tenures with an objective of building refineries of the capacity mentioned above, then the state will never borrow money again for infrastructure development, after a period 7 years, within the same regime lasting 8 complete years, for two successive tenures. Continue reading Borrowing For The Wrong Project Is A Foolish Decision!!!!!

Project Management –Building a Dynamic New Profession

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Raconteur is a Publisher of special-interest content to the world’s leading media brand. Effective Project Management is the key to delivering projects on time and within budget says Dan Matthews in the report. Research shows that high performing organisations create a culture of project management.

The PM industry suffers from two problems, the report says. First, a shortage of people studying technical subjects such as science, technology, engineering and maths.

Then there is the problem that the people who do study these subjects and would therefore be suitable for a career in PM, often do not naturally have the interpersonal skills required to be a great leader.

They are better suited to problem solving than managing large groups of people. They make excellent career progress based on their attention to detail but as they move on to larger more complex projects, other skills are required.

But successful project management requires both technical skills and knowledge, and interpersonal and management skills.

All of this points to a need for acquisition of skills and an education that allows people with a technical leaning and background to develop a skillset that enables them to inspire, lead and manage teams effectively. They must learn to prioritise, direct and delegate, encourage and reward their team. And there is also a need for a recognised path to certification and recognition of PM professionals.

How many people are trained in Project management? Continue reading Project Management –Building a Dynamic New Profession