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Project Manager : Project Manager April May 2012
www.aipm.com.au Project Manager 7 6 Project Manager neWs • PROject DeLAYs eAt wOODsIDe PROfIts Woodside Petroleum has posted a 4.3 per cent dip in annual profit due to delays on its Pluto liquefied natural gas project. late in 2011, the project suffered a setback when the West Australian Supreme Court declared State Government land acquisition notices invalid. Woodside has admitted it is considering selling a minority portion of the company’s equity in the $30 billion browse lnG project following “significant interest from a number of parties”. In related news, ratings agency Fitch gave the oil and gas sector a negative credit outlook for 2012. It said it expected the free cash flow of Australian upstream gas companies to remain negative as they commit to new lnG projects and face significant challenges with regard to project execution. “Managing this significant growth in planned lnG production capacity within budget and on schedule is a major challenge for the project sponsors,” said the director of Fitch’s energy and utilities team, Sajal Kishore. “Announcements of project cost-blowouts and schedule delays will only increase as more projects progress towards the back-end of their development period.” uK government civil servants will be sent to a new leadership academy to cut out inefficiency and failings on major projects. Two groups of 25 individuals chosen across government departments will embark on a one-year leadership, technical and commercial training course in October aimed at bringing the major projects success rate up from a mere 45 per cent to an ideal target of 92 per cent. The program aims to create and keep the skills needed to r un major projects within the civil service so as not to rely on external consultants. “ When it comes to major projects, this government means business,” said Minister for the Cabinet Office Francis Maude. “ We want to build world-class project leadership skills within government. Starting with current leaders, we will generate a generation of professionals that are internationally recognised for their skill and expertise.” PM academy for civil servants Popularity of Agile drives software development Software tools purpose-built for Agile management are in high demand, according to the annual State of Agile development survey. based on more than 6000 responses, the survey also points to a number of benefits to having a project management tool built specifically for Agile. Organisations with 25 per cent or fewer Agile projects tend to rely on spreadsheets or other traditional project management tools to manage their projects. As the number of Agile projects increases, organisations are more likely to use a purpose- built Agile management tool, the survey stated. Those using Agile management tools in projects reported more predictable product delivery and success across 12 project metrics than those who do not. key findings 92 per cent of respondents said Agile management tools improved their ability to manage changing priorities 85 per cent said Agile management tools improved their project visibility 77 per cent said using Agile management tools enhanced software quality Bank round-up • Macquarie group is in the process of cutting around 10 per cent of jobs in its securities business. Chief Executive Nicholas Moore said global economic uncertainty had deepened in “substantially lower levels of client activity in many markets”. • westpac will shed 560 jobs as part of a cost-cutting program, according to the Financial Sector Union. • National Australia Bank expects staff numbers to “fluctuate in various parts of the business” as it completes and outsources some projects and continues to “focus on efficiency,” spokesman Brian Walsh said in a statement. • ANZ Bank spokesperson Kevin Foley said: “There is some belt tightening going on in response to difficult market conditions.” Big banks to shed thousands of jobs Australia’s big banks are likely to scrap 7000 jobs over the next two years, according to ubS analyst Jonathan Mott. In a recent report, he says lenders are cutting costs that account for 58 per cent of expenses to offset the weakest credit growth since World War II. “Going forward we are anticipating some solid reductions in headcount over the next two years down to 172,000 [from 179,000].” According to AIPM, project managers in the financial sector must upskill as they face a tighter job market. “It is essential that project management professionals seek out opportunities to upgrade their skills and validate their experience through industry-recognised qualifications,” said AIPM national President david hudson. neWs •
Project Manager Feb March 2012
Project Manager June July 2012