STATESMAN NEWS SERVICE 
New Delhi, 26 December
The Standing Conference on Public Sector Enterprises (SCOPE) has called for speedier environment clearance and timely allocation of land to help development projects meet deadlines so that cost over-runs are averted and people get the fruits of development.
Speaking at a two-day programme on “Excellence in Project Management” which began here today, Mr UD Choubey, director-general of SCOPE, listed a few critical areas related to project management.
He said the tightening of the capital market, financial debt and volatility of equity market have created one of the biggest challenges to project management in general. Also, there is a dearth of engineers, project managers, skilled workers and contractors. As a result of this, the cost of capital for projects is exceeding 12 per cent of the revenue, he added.
He said there is need for development of adequate number of skilled workers to cope with the vacuum which is likely to be created in five to 10 years time when the present lot will be retiring.
Mr Ajay Shankar, member secretary, National Manufacturing Competitiveness Council (NMCC), in his address complimented SCOPE and the public sector for reflecting better project management and the capacity built up within the different public sector enterprises.