September 28 & 29, 2020 | Virtual
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How will Project Management activities be benefited by the peace treaty in Colombia?
Will it? Yes? No?
PLEASE - Answers straight to PM related activities / no political responses.
For the country is very important this peace agreement
Maybe some social projects, and projects in the conflict areas can be executed with more security and the country will experiment a huge growth in many areas where now is not easy because the violence.
It should reduce risk mitigation, contingency and fallback actions. That will translate in reduced project costs.
I think that opinions are true
I am very excited because I expect that the peace treaty will boost the start of many infrastructure projects that have been long delayed and have hurt the country so much in its competitiveness. It will be like a waterfall, as following the infrastructure projects, private investment projects will start to boost Colombia´s economy. I also agree with Stéphane: risk and costs will be greatly reduced, not only because investments in security will drop (in some places in Colombia, private companies should contract security from the armed forces and make heavy investments in security) but also because infrastructure (roads mainly, and I hope, trains will be back) will reduce project costs. Infrastructure is very important because Colombia is a heavily centralized country, so transportation costs of goods from sea ports to production centres add so much to the final price of resources.
The peace treaty is dealing with just one (the most famous, and perhaps biggest and oldest) of the armed groups in Colombia. Many others are not participating. So, on the contrary of some colleagues here, I don't expect expenses with risk mitigation to fall significantly, at least not in the short term. Besides, there is a lot of infrastructure to be installed in order to attract further economic development, and that infrastructure shall be at the government's expense. PPPs will hardly be the solution, once there is no guaranteed volume of users to pay back a private investment. Considering that Colombia's economic situation is challenged by the fall in oil and commodities prices and by the depletion of its gas reserves, I don't think there will be money for funding the infrastructure. So I project management activities will not be greatly impacted.
The most projects and project managment demand is better for everyone.
(1) Can you expand why you think there will be no budget for funding infrastructure projects that will benefit PMs?
(2) Are they other groups that are still active? I thought this peace treaty was for all groups. Can you expand?
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