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Vol. XI Issue VI - June 2009
Project Management eJournal
VIEWPOINT
View from the UK Front
By David Shannon
Some may recall my report last September listing several major development projects in or around London. Just five of these add up to an investment of UK£ 35 billion. I finished the piece with this paragraph:
“With construction price inflation reported by some authorities as running at 10% and the British economy in less robust state than for many years this will be an interesting time to see what, if anything, gives; whether one is a pure Monetarist or a Keynesian project management practitioner.”
Well, since then it is perfectly clear that the current UK Government is taking an extreme Keynesian approach. The editorial in the March issue of the highly respected magazine New Civil Engineer embraced this approach stating:
“Already we are seeing a welcome injection of confidence as the Keynesian economic recovery starts to filter through and projects such as Crossrail, M25 and Manchester Waste lumber towards the start line.”
Many politicians, economists and commentators however regard this expenditure as profligate.
Read Complete Viewpoints Paper >>
About the Author
David Shannon is Managing Director of Oxford Project Management Ltd., a UK-based project management advisory and consulting firm. Mr. Shannon is also an International Correspondent for PMForum and PM World Today in the United Kingdom (UK). David has a Natural Sciences degree and MA degree from Oxford University (Oriel College), and a Diploma in Accountancy and Finance from the Association of Certified Accountants in the UK. He is a Fellow of the Institute of Business Consulting, Honorary Fellow of the Association for Project Management (APM), and a member of the Institution of Civil Engineers, Institute of Directors, and British Quality Foundation. He is a lifetime member of the Oxford Business Alumni. David has over 40 years of experience on programmes and projects thoughout the UK, Africa and the Middle East. He was an internal management consultant for the World Bank during 1985-1987. David has been Branch Chairman, Director, Deputy Chairman, Head of Professional Board, SIG Coordinator and Interim Chief Executive of APM, and was intimately involved in developing APM’s Guidance on Project Management Governance. David Shannon is based in London and can be contacted at David.Shannon@opmg.co.uk. |
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