Megaprojects require mega-skilled project managers

Megaproject activity is increasing across the globe. This means highly skilled project managers will be needed to manage these newer more demanding assignments.

Megaprojects are large scale, complex projects valued at US$1 billion or more, dwarfing the size and scale of typical industrial projects.

These complex projects are commonly found in petroleum, minerals, chemicals, and power industries, and are reported to be highly problematic with an alarmingly high failure rate.

The IPA Institute?s Megaprojects - Concepts, Strategies, and Practices for Success seminar was developed specifically to reverse this trend. The three-day course helps participants understand the critical drivers of megaproject success, recognize the resourcing needs to effectively manage a megaproject, and to identify the key criteria to select megaprojects that best meet business needs.

According to the IPA Institute most project teams simply lack the experience to manage projects of this size. Some specific contributing factors to megaproject failure include:

? Clear objectives for the team are not set
? All key owner functions are not involved in development of the megaproject
? Instability in leadership of the megaproject
? Incomplete project definition work (front-end loading) prior to sanction

The Megaprojects seminar covers a wide variety of topics, including shaping strategy, key attributes of successful teams, the project definition phase, contracting strategies, and more to equip professionals for the challenges associated with managing such complex projects.

The course will be instructed by IPA Founder and President Edward Merrow, who is recognized as an international expert on industrial megaprojects. In addition to writing the 2011 book on which this course is based, Merrow has been extensively featured in the January 2012 issue of Project Manager Magazine and has discussed the topic of megaprojects at numerous industry gatherings. Merrow was also recently named the recipient of the 2012 AACEI Award of Merit.

Only a few seats remain for the seminar which will be held at the Sandton Sun Hotel in Johannesburg on 23 to 25 October, 2012. Register by 19 October to ensure your participation in this highly popular course on successfully managing large industrial projects.

As a Registered Education Provider of the Project Management Institute (PMI), IPA Institute course participants have the opportunity to claim up to 22 Professional Development Units (PDUs) toward PMI certifications upon completion of the seminar.

Follow this link to view the complete course summary and agenda, venue details, discount information, and to register online.

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Why is there such a high project failure rate?