Project monitoring is a definite need for any government or private agency, but it is extremely challenging to keep track of hundreds and thousands of projects on a real time basis.

In India, cost and time overruns in project execution are common factors in government projects. The private sector has its own list of woes when it comes to project implementation. As a result, the project life cycle not only becomes elongated but at times projects get stalled or abandoned.

Regular monitoring of projects, which are either under execution or in the pipeline, will help the state agencies in-charge of attracting project investments to establish an investor-friendly domain and help the existing project promoters to execute their projects on time.

For instance, timely follow-up with promoters of newly signed MoU’s will help in understanding their concerns and needs, resulting in better conversion and faster fructification of projects.