A STUDY OF ASIA’S WORLD-CLASS INFRASTRUCTURE ENGINEERING, SCIENCE AND TECHNOLOGY PROJECTS AND BEST PRACTICES IN PROJECT MANAGEMENT

Abstract

The Asian continent is currently undergoing a phase of project and technology implementation as various investments are made in various engineering sectors to support the continent's rapid development. Management of a business through technology projects is similar to management of a business through the use of technology. To facilitate the rapid development of Asia, project and technology management is emerging as one of the most important disciplines for making sense of the large amounts of funding that are committed to numerous projects of this type. Engineering projects in Asia have not performed particularly well in the past. The majority of major public sector projects in Asia result in substantial cost and time overruns, draining national resources and delaying the benefits to the continent as a whole. Consequently, the project's benefits will be delayed. There have been reports that some engineering infrastructure projects have taken three times longer to complete than originally intended and approved, which has led the state, in conjunction with the nodal agencies responsible for overseeing public projects, to seriously consider ways to significantly improve the situation. The Asian economies are among the fastest growing economies in the world, and they are among the fastest growing economies in the world. A growing number of countries in the west are closely watching the fastgrowing Asian economies and strive to become part of this growth process in their own right as well, in order to become a part of this growth process in their own right.