NITI Aayog and Quality Council of India on October 28, 2020 launched the ‘National Program and Project Management Policy Framework’ (NPMPF).
It envisaged to bring radical reforms in the way infrastructure projects are executed in India.
Why needed this framework?
- India will require an investment of around $4.5 trillion by 2040 to develop the infrastructure for sustaining its economic growth.
- However, the challenges in infrastructure development that often obstruct the smooth execution of projects can be a detriment.
- Therefore, along with numerous initiatives by the Government and guidelines advocated by NITI Aayog towards improving performance of infrastructure projects, a task force was also constituted to lay down a national program and project management policy framework.
Framework Aims
This framework aims to formulate radical reforms in the way large and mega infrastructure projects are managed in India, with an action plan to:
- Adopt a program and project management approach to infra development
- Institutionalize and promote the profession of program and project management and build a workforce of such professionals,
- Enhance institutional capacity and capability of professionals.
(Source: PIB)
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