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Back Issue 5, 2017

Review the Past and Benefit the Future

In this issue’s “Cover Articles”, we review the classic story of Lubuge Hydropower Station construction project so as to clarify the history path of China’s project management. More importantly, by recalling the process of going from pains, confusion and doubts to trust and confidence, we are trying to find the keys to project management success, which can be adopted in projects of countries along “One Belt, One Road”....

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Preface
Review the Past and Benefit the Future

For Chinese enterprises, “One Belt, One Road” initiative provides massive opportunities, which will be realized through a series of projects. In the process of “going out”, we should pay full attention to the political atmosphere, customs and habits, laws and regulations, and management levels of countries along “One Belt, One Road”. If we fail to take these factors into consideration or deal with them properly, “One Belt, One Road” initiative will lead to risks rather than opportunities. 


Projects, as a platform for stakeholders to cooperate, rely on the collaborative efforts of owners, investors and contractor, etc. to succeed. It’s hard for a project to achieve desired results without participation and cooperation from stakeholders. As is proved by the fact that many projects in China have been awarded IPMA International Project Excellence Award, China has made significant progress in project management research and practice. Though our project management level still lags behind developed countries, it’s above those undeveloped and developing nations along “One Belt, One Road”. If we mechanically apply the present experience to projects in these countries, the results may be unsatisfactory or even contradictory to our good will. It will lead to economic loss or even cause misunderstanding and conflict. 


There have been numerous amazing projects in China’s history, such as the Great Wall, the Grand Cannel, Dujiang Dam. These projects are illustration of Chinese people’s wisdom and enterprising spirit. However, the management of the projects is mostly based on power, personal experience and lack of cost awareness. Behind the glory is resource waste and life loss. It is the Lubuge Hydropower Station construction project that marks the beginning of China’s systematic project management. The governance mechanism, bidding principles, construction site management rules in the project, etc, broadened the vision of Chinese managers and promoted their project management awareness and level. Lubuge Hydropower Station is a milestone for China in bringing in advanced project management ideas. 


In this issue’s “Cover Articles”, we review the classic story of Lubuge Hydropower Station construction project so as to clarify the history path of China’s project management. More importantly, by recalling the process of going from pains, confusion and doubts to trust and confidence, we are trying to find the keys to project management success, which can be adopted in projects of countries along “One Belt, One Road”.


As Guan Zi has said, “Doubt the present, observe the ancient. Confused about the future, learn from the past.” The goals of summarizing the experience of Lubuge Hydropower Station construction project is not only to learn from the history of “bringing in” project management ideas but also to look into the future of helping China’s project management “going out”.


Cover Articles

A Trip to Lubuge: Go forward with Classic Example in Mind

Lubuge hydropower station is a classic textbook project that has been widely mentioned for three decades. It is from this project that China’s modern project management originates and it is a name that none of the project management textbooks will miss. In July, 2017, our report team made a journey to Lubuge hydropower station in rainy Yunnan in order to explore the glory that will not be erased by time. …


Focus


Hi, “PMBOK? Guide” Sixth Edition
The sixth edition of “PMBOK? Guide” was published on September 6th, 2017. This book, worshipped as a treasure book in project management, has enjoyed wide popularity globally. It has been published in eleven languages and has sold over 5 million copies. Each new version is completed on the basis of worldwide practice, feedback and suggestions. The book goes beyond the barrier of regions, language and race and has become an international universal criterion in project management. …

Theoretical Discussion
Project Lifecycle: Key to Innovation Project Management
With the diversity of knowledge and technology, innovation projects are getting more and more complex and challenging. Gradually, the management of innovation projects becomes a subject. The writer put forward lifecycle theory and method of innovation projects management based on the features of innovation projects management. …


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