| IntroductionWhile I was in India last time three years ago, India's Prime Minister, Mr. 
 Rajiv Gandhi, made a most interesting statement. He was addressing the Consultative 
 Committee of Scientific Departments for monitoring progress on four technological 
 missions: Drinking Water; Communications; Edible Oils; and Vaccination and Immunization. 
 He said:  "...strategies must be evolved to achieve results within a pre-decided 
 time-frame, resources should be identified and management methods so adopted 
 that red tapism did not block progress."  He went on to say:  "... For achieving the mission's objectives, it is imperative 
 that specific time bound tasks are spelled out clearly and allotted to specific 
 institutions for implementing them within that time frame." Not only was he clearly speaking of Project Management, but I understand that 
 Mr. Gandhi is firmly committed to Project Management. In 1989, the Ministry of Programme Implementation issued a Manual on Project 
 Implementation. In his foreword to this manual, Dr. P. K. Basu, Secretary to 
 the Ministry, observed that "...most of the projects suffer from inadequacies 
 in project implementation, resulting in huge time and cost overruns, affecting 
 their viability, and thus acting as a drag on the economy. The main reason attributable 
 is the inability to make use of the right management technique or failure to 
 apply the same..." Therefore, it is very encouraging for me to learn that it is now proposed to 
 set up an Indian Institute of Project Management (IIPM) which will be a non-profit 
 institute of higher learning dedicated to the state-of-the-art in project management 
 through education, training, research and related consultancy. But I have to alert you to the truth that the problems noted above have their 
 origin much earlier than the implementation phase of a project. Therefore, I 
 suggest that the goal of IIPM might be:  "To be able to identify and develop financially or economically 
 sound projects while conserving human and material resources and protecting the 
 physical environment." and the objectives of the Institute's graduates might be:  "To establish a solid record of (such) projects by managing 
 them successfully from concept-to-operation, through a network of trained, creative 
 and experienced project management professionals." Today, I should like to discuss project management, what it is and why it is 
 so important to have a sound understanding of this emerging professional discipline. 
 Therefore, I propose to deal with three general areas of project management, 
 although time will permit me only to cover each in very simplistic terms. These three areas are: 
 Understanding and running a successful project The environment external to the project Project management education and professionalism. 
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