A property expert, Dr. Chinedu Nwachukwu, has described good project management indices as the secret weapon being used by the developed nations to attract investors.

He told The Tide source in Lagos that achieving success in building construction was a major function of project management.

“When there is failure, abandonment or collapse of a building, everybody looks up to the engineers, who in their professional pride accept the blame, but could not un-ravage the menace.

“The answer to project success, failure, abandonment or collapse of building lies in efficient project management,’’ he said.

Nwachukwu, who lectures at the Department of Project Management Technology, Federal University of Technology Owerri, Imo State, said that good management was important, especially in the construction industry.

“The importance of project management, as an agent of development, is enhanced by its ability to provide gainful employment for the teeming population.

“Therefore, in driving our developmental targets, it is imperative to institutionalise project management for the nation’s development,’’ he said.

Nwachukwu said that effective project management policy was the only solution to construction failure, collapse, or abandonment.

“These developmental failures threaten the foundation of economic growth and slow down the chances of realising the Vision 20:2020,’’ he said.

He recommended that project management should be a national policy and enshrined in the nation’s constitution.

“Every organisation, in all sectors of the nation’s economy, should be encouraged to establish the department of project management,” he said.