Lebanon’s project-driven sectors turn to skills investment to prevent project failure

Published January 26th, 2010 - 10:30 GMT

 

Lebanon’s project-driven sectors are increasingly relying on skills investment through project management (PM) training to minimize project failure as the country prepares to progress with the USD 1.8 billion worth of mega-construction projects launched in 2009. The significant increase in demand for PM practices will reinforce the country’s status as the region’s urban development hub, according to Collaboration, Management and Control Solutions (CMCS), a leading project portfolio management provider in the Middle East.

 

CMCS aims to further enhance the skills of Lebanon’s project-driven professionals by training them on Project Management Institute (PMI) compliant Project Portfolio Management methodologies that are implemented using leading PM tools such as Oracle Primavera, Synchro, EcoSys, eTimeMachine, Deltek Cobra, and Hard Dollar among others. CMCS will also offer solutions for managing the Corporate Project Portfolios by developing and implementing a project portfolio management system that enables organizations to accomplish their projects successfully.

 

In 2009, Lebanon witnessed a 6 per cent increase in construction permits to reach more than 11.42 million square meters of granted projects. Price per square meter during the first half of the year rose a phenomenal 50 per cent, a trend that is expected to be sustained in the next five years. CMCS will discuss strategies on how to sustain this success and avoid project failure during a seminar to be held on January 27, 2010 at the Holiday Inn Dunes in Beirut.

 

Lebanon witnessed the launch of several mega-construction projects in 2009 despite the global economic crisis. Foreign investors consider the country a regional development centre due to its strategic geographic location; free market economy; project-friendly regulatory environment; moderate tax rates; expanding infrastructure; and highly skilled human capital.

 

“Project failure can have devastating effects not only on organizations but in host countries as well. The good news is that these can be easily prevented by adopting sound PM practices; the bad news is that many project-driven businesses throughout the region still do not recognize the importance of PM. Our seminars are opportunities for interested parties to learn more about available PM tools and their efficient use and consequently help in ensuring the productivity of Lebanon’s numerous projects,” said Bassam Samman, CEO and Founder, CMCS.

 

CMCS owns some of the best consultants in the region, who have helped tens of organizations achieve their project objectives.

 


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