The Union authorities will launch a brand new system to song cost overruns in january 2025, making the method extra standardised to better tune effects, sources instructed Moneycontrol.
"the new machine pursuits to song value overruns at each degree of task implementation. For now, Railways projects are tracked on the inclusion degree, even as roads and powers are tracked from the land acquisition level," someone aware of the development informed Moneycontrol.
Petroleum and telecom track undertaking overruns from start of the venture award date.
the web Computerised tracking machine (OCMS) of the authorities is likewise probable to undergo reforms with undertaking start and soft award date also to be introduced within the portal.
the earlier system captured the challenge from the date of approval via Board.
The authorities is likewise planning an alignment of the portal with numerous different such projects run by means of the government.
"The API of the OCMS-MoSPI portal could be integrated with the IIG-PMG portal of the department of advertising of enterprise and internal alternate beneath the aegis of the Ministry of trade and industry," stated the man or woman.
The manner can even assist the Ministry of facts and Programme implementation create customisable dashboards and assignment reports for niti aayog and the top Minister's workplace.
the subsequent phase of the plan will encompass milestone-stage monitoring at the pre-creation stage.
The value overruns in authorities tasks became almost 20 percent of the authentic fee, as the predicted price of 1,742 ongoing tasks at over Rs 31 lakh crore exceeded the unique fee with the aid of Rs 5 lakh crore.
The government has already spent 53 percent of authentic fee on these projects.
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