Author: Dr. David Ackah, PhD.
President, Institute of Project Management Professionals (IPMP)
Email: drackah@ipmp.institue / drdavidackah@gmail.com
Abstract
Why are the Western countries more advanced than many African & Asian countries? Why even Indian and South Korea have raced ahead of Ghana, and other African countries in the recent times? Or for that matter, why is Ghana lagging behind many countries in terms of economic growth and poverty? There are many reasons and answers to these questions and one of them is the fact that all these nations have very good physical infrastructure. Indeed, the fact that they have better roads, ports, highways, airports, and other elements of infrastructure is one of the reasons why they have clocked faster economic growth. In a developing and expanding economy an efficient network is vital, but this requires investment in infrastructure and management. With publicly-funded programs facing scrutiny, your sector needs to find alternative procurement models, while ensuring existing asset bases. Interest is increasing in private finance initiatives that attract investment from pension funds, sovereign wealth funds and infrastructure groups and funds. This kind of initiative looks likely for many countries with secondary implications for infrastructure users in the future
Keywords: Project Management, Project Failure, Project Challenges
