For a lot of people project management is about managing time, among other aspects of the project. So if project management has been a positive contribution why do our local projects always take longer than originally planned?
The management of time is only one aspect in project management. Admittedly, the majority of projects, and this is not only common in Malta, take longer than originally planned. In my personal opinion and in projects that iAS have been involved in, the reason is wrong planning at the very beginning which is then carried through the rest of the project.
In most cases a financial business case will only make sense if the project can be undertaken within a specific period of time. Going beyond that period of time will increase project costs, delay returns on sales, putting the feasibility of the project at risk. When things start to go wrong, the original timeframe does not have the necessary buffers built into it, and the problems encountered result in delays.
At iAS we provide our clients with an optimistic, realistic and pessimistic programme of works which are combined through a PERT analysis. Clients will always want to adopt the optimistic timeframe but we constantly advocate that they should allow for necessary buffers in the estimate. Many times clients argue that in other countries in the world, predominantly the Middle East and the Far East, skyscrapers are built at a pace of one storey in a week. They are correct but one has to appreciate that these are built in different cultures, under different circumstances and the initial investment made by the developer in the design development of the project is tremendous. So it is in my opinion incorrect to compare the time it takes to build one storey of the building without looking at the whole picture.