School of Management ITM University, Gurgaon invited Mr. Rajan Jain, Managing Director, GTC Process Technologies India (P) Ltd. and ex Executive Director (Projects) Engineers India Limited for an expert session on Project management entitled ‘Managing Mega Projects: a Practitioner’s View’ on February 24, 2015. Mr. Rajan Jain has more than 36 years of experience in managing mega projects of worth more than three billion US dollars in the hydrocarbon sector, i.e. refineries and petrochemicals within India and abroad.
Participants for the session were students and faculty from School of Management and School of Engineering and Technology. Hon’ble Pro chancellor and Chief Mentor Prof. Prem Vrat, Prof. & Advisor to GB Brig.(Retd.) S.K. Sharma, Prof. Ravindra Ojha and Prof. B.K. Gupta also graced the session with their presence.
Mr. Rajan Jain, shared his professional as well as personal experience in executing these mega projects. He apprised the participants regarding various modes of project execution, i.e. Lumpsum Turnkey (LSTK); EPCM (Engineering, Procurement, Construction Management) and Open Book Estimates (OBE), roles and responsibilities of various stakeholders like clients or sponsors, technology suppliers or licensors, consultants, financial institutions, suppliers, contractors and workers, statutory agencies and local population. Further, he discussed the aspects of project planning, factors that determine the project schedule and cost, areas that project manager should continuously focus on, and the areas that need continuous review. Mr. Jain highlighted the role of effective communication, team work and coordination with all the stakeholders to make the project successful. With long history of successful projects to his credit, he inspired the students to take on the challenge of project management as a career. He indicated in a very candid manner, that he never had a night of comfortable sleep throughout his career as a project manager, but the joy of seeing a project completed successfully compensates for everything.
The session was very well received by the students and the faculty members who had an interactive session with Mr. Jain at the end of his talk.
Mr.Jain at the session.