SINGAPORE, June 27, 2011 /PRNewswire-Asia/ -- Asia's most influential project managers seeking solutions to the never-ending complexity of mega-project management are meeting in Beijing on 19 and 20 September. The purpose is to brainstorm about how mega-projects are becoming the new norm for project construction in Asia's biggest economies.
It requires 37 procedures, takes 336 days, and costs 579.23 % GNI per capita to build just a warehouse in China. In India, complex regulations at state and federal level are stalling projects at the very beginning. And when it comes to mega-projects, the situation only gets more complex. Yet Asia needs mega-projects to address their burgeoning energy and water crisis, and feed their growing economic ambitions.
In North China, the desertification of the Gobi Desert is drying up farmland in the north, and the rapid growth of mega-cities Tianjin and Beijing has already drained underground aquifers. China has already spent a whopping CNY115bn (US$17bn) in their ambitious South-to-North Water Diversion Project, and will spend more on this mega-project over the next decade, as construction enters its critical phase.
Over in India, a power crisis is looming. Recent reports showed that the government once again fell short of the target for ramping up generation capacity by 64%. In April 2011, India unveiled 16, US$4.4 billion ultra mega power projects to meet their growing power needs, projects which are attracting significant interest from the power sector.
As mega-projects become the new normal for large scale construction projects in Asia, a key regional conference, meeting from 19-20 September 2011 in Beijing will see project management experts from Hatch, Arup, Flour and Worley Parsons address the key project management challenges associated with conceptualising, developing and executing mega-projects in the region.
The conference, IQPC's Effective Project Management of Global Megaprojects, will also see seven key regulators from China, and the rest of Asia contributing their tips and pointers on formulating strong contracts and doing business under the different legislative environments present.
Within the complex judicial, political and business structures of Asia's growing economies, effective management of mega construction projects have evolved to become a creative art form instead of practical science, where procedures and principles are being overtaken by manipulative methodologies and organisational excellence, allowing for chaotic miscalculations and burgeoning costs.
Asia's most influential project managers seeking solutions to the never-ending complexity of mega-project management have already confirmed their participation for the Effective Project Management of Global Megaprojects conference. Those seeking more information can visit http://www.globalmegaprojects.com/Event.aspx?id=521344&mac=MPPRNWBA or contact Joyce Shi (email: joyce.shi@iqpc.com.sg; +65.6722.9446) to request for the latest conference information pack.
Media contact:
Joyce Shi
Tel: +65-6722-9446
Email: joyce.shi@iqpc.com.sg
