Aditya Birla On Project Management

For any enterprise, the foundation should be solid. For this, when putting up projects, three very important areas need to be fully taken care of: firstly, to adopt the best know-how that is available in the world; secondly, buy the best equipment. Do not compromise on the quality of the equipment for marginal extra costs. The cheaper machine normally turns out to be the most expensive ultimately. Thirdly, whilst putting up the plant, the minimum economic world sized plant should always be borne in mind. One should not compromise on these three basic criteria. This ensures a strong foundation.

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