Project Execution: The Real Essence
Sharat Sharma ()
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Sharat Sharma: Delhi Metro Rail Corporation Ltd., Former Director Operations
Chapter 14 in Infrastructure Project Completion, 2026, pp 321-362 from Springer
Abstract:
Abstract Project execution is the most demanding phase of the project life cycle, requiring effective management, coordination, and adaptability to ensure timely and successful delivery. The importance of having a clear goal, necessary resources, and aligning all efforts toward project completion cannot be underestimated. The strategic approach involves understanding contract requirements, planning contingencies, and ensuring fairness and collaboration among stakeholders, while the routine approach focuses on monitoring progress, resolving issues, managing risks, and maintaining communication. The execution plan enhances understanding, reduces uncertainty, improves efficiency, and provides benchmarks for progress. The transparent decision-making, building trust, and maintaining flexibility to adapt to unforeseen challenges is the key to success. Success hinges on prioritizing project completion over rigid adherence to contract clauses, fostering a culture of commitment, and continually reinforcing project objective.
Date: 2026
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-95-6441-5_14
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DOI: 10.1007/978-981-95-6441-5_14
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