Success of an infrastructure project depends on several
factors. It needs the perfect blend of planning, monitoring, execution and
control to ensure that the project takes off as intended, within the specified
timeline and cost. The success of an infrastructure project is linked with the
growth of the nation, which makes it all the more important that the project is
delivered accurately and appropriately.
1.
Using
BIM:
The planning and designing of the project should ideally be done in a virtual
space before switching to the real thing. Building Information Modeling or BIM
is the process of collating materials on the project from the start. It helps in
avoiding any clash in concepts along with proper design collaboration.
2.
Skilled
Talent: Hiring skilled talent can go a long way in ensuring
success of the project. Since infrastructure projects are quite complex
and need special talent at various levels, many of the companies outsource the
task to professional infrastructure construction companies.
3.
Improvement
in the Procurement Process: The procurement process for raw
material, tools and spares should be transparent, cost effective and timely. Delivery schedules should be designed aptly
after careful consideration of lead time, inventory levels and reorder levels.
4.
Payment
to Contractor and Suppliers: Often it is observed that
the infrastructure companies
falter on payment to contractors, owing to which the contractor may delay the
project execution. A fair and regular payment policy to contractor and
suppliers will ensure smooth progress of the project.
5.
Cost
Benchmark: It is important for infrastructure companies to have cost benchmarks. This helps in assessing the project
risks.
6.
Transparency:
Maintaining transparency is of utmost importance for the successful execution
and implementation of infrastructure projects. Several projects have failed because of lack
of transparency.
7.
Monitoring
the project: The project should be monitored and
ensured that the schedules are strictly adhered to. Gaps if any should be
plugged and reported to the management immediately. Action should be taken to
avoid delays.
8.
Avoid
Slippages: With tight margins, it is pertinent to plug cost
escalation. So, slippages if any in the cost should be immediately plugged.
9.
Plan
for the unforeseen: A smart entrepreneur will always plan
ahead of time. For this, adequate room should be left for any unforeseen,
untoward event. Such planning can only be done by an infrastructure company
that has adequate experience and expertise in handling huge construction
projects.
10. An
audit trail right from the beginning is important for pointing out loopholes in
the project. Any dispute in regulatory necessities and contractual agreements
should be sorted out right at the beginning.
It
must be noted that infrastructural projects are quite demanding. Therefore, it
needs experienced and expert management if it has to see the light of the day.
That’s precisely the reason that most companies and even Government opts for a
professional company with vast experience in handling the infrastructure projects.
Technique,
tactic and strategy go along to make a project successful!
