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Each of these models has strengths and weaknesses, though there is a sense of relief over the fact that rates are set at a remunerative level with accountability demanded for invested capital and operational efficiency in project organizations. Hopefully, all these developments will allow India to usher in a decade that will register a strong economic growth rate since economic expansion is now severely limited by infrastructural capabilities. 6 FUTURE PROBLEMS IN PUBLIC PROJECTS EXECUTION Projects will continue to be implemented at back offices in less developed countries and coordination between back offices, project sites, and corporate headquarters will be a major problem area in the future.
Governmental entities and engineers do not appear to be aware of project techniques and lack incentives to apply these techniques and the necessary authority to enforce those techniques. However, the authors have found that more and more government departments are slowly, but steadily, initiating the use of such techniques in the new economic climate. B. Das. ” Institute of Mathematical Statistics Journal group, Vol. 2, No. 1 (2006): 65–72. 4 MAJOR PROJECTS IN THE CORPORATE AND PUBLIC SECTORS We discuss the general practices found in major projects in this section.
The utilization of knowledge to realize God, rather than to multiply wealth, has traditionally been the major impedance in instilling the spirit of entrepreneurship. 1 Capital Structure Practices in India Generally speaking, capital structure decisions find major focus in finance literature. The two extreme views can be described as follows: Traditional theory indicates that there exists an optimal capital structure. This contrasts with the Modigliani–Miller theory that asserts that an optimal capital 7 Chandra, P.