B&R projects need uni­fied struc­ture

China Daily (Canada) - - BUSINESS -

Ini­tia­tive span­ning borders re­quires com­mon lan­guage and frame­work $200 bil­lion.

Lan­g­ley cited the fail­ure of lead­er­ship to un­der­stand the con­nec­tion be­tween strat­egy de­sign and delivery ca­pa­bil­i­ties, as well as the fre­quent shifts of or­ga­ni­za­tional ob­jec­tive as the man­i­fes­ta­tions of bad pro­ject prac­tice.

With ex­pe­ri­ence work­ing with the Chi­nese gov­ern­ment, State-owned en­ter­prises and pri­vate com­pa­nies, Lan­g­ley thinks China has made sig­nif­i­cant in­vest­ment in pro­ject man­age­ment — nur­tur­ing ex­per­tise, and stan­dard­iz­ing and in­te­grat­ing pro­ject man­age­ment as part of the busi­ness strat­egy.

“We have seen China ad­vance over the past decade and we think it will con­tinue to do so. China is more ma­ture than the global av­er­age in pro­ject man­age­ment in our study,” Lan­g­ley said.

The PMI pres­i­dent is also bullish on the hir­ing out­look for the pro­ject man­age­ment in­dus­try in Asia as the re­gion ex­hibits stronger eco­nomic growth than other parts of the world.

“Amid the strong out­look in Asia, or­ga­ni­za­tions are in­vest­ing in their pro­ject man­age­ment ca­pa­bil­i­ties, cre­at­ing ca­reer paths, fa­cil­i­tat­ing train­ing devel­op­ment and iden­ti­fy­ing core com­pul­sory skills,” Lan­g­ley said.

Founded in 1969, PMI is a global in­dus­try ad­vo­cacy group that aims to ad­vance world­wide stan­dards in the pro­ject man­age­ment in­dus­try, which cur­rently em­ploys more than 3 mil­lion pro­fes­sion­als.

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