In addition to being an infrastructure
project center, Poland is trying to create
a competitive edge with technology.
“The biggest opportunities in project
management are software development
and deployment of various IT systems,
which can help organizations achieve
greater savings and maximize profits,”
Mr. Smigiel says.
Poland’s location and educated work-force also make it a hotspot for IT outsourcing projects. The country ranked
among the top 10 emerging outsourcing
destinations in a 2009 report by Tholons,
a global outsourcing advisory firm.
As is so often the case with emerging
markets, however, project management
has yet to firmly establish itself.
“For medium and large international
companies, the awareness of project management is at a good level,” Mr. Smigiel
says. For smaller companies, though, it’s
still a bit of a mystery, he adds.
BEYOND THE WAR
Vietnam’s economy grew more than 5 percent last year, proving more resilient than
the rest of Asia, with the exception of
BRIC powerhouses China and India.
Fueled in part by government-funded
infrastructure megaprojects, the construction industry posted the most growth,
with an 11. 4 percent jump.
The socialist republic has been investing in infrastructure development since
the early 1990s when it began opening
relations with the international community. As investors flocked to the nation,
the government plowed dong into roads,
electric power, water and telecom infrastructure left decimated after years of war.
The country currently spends about
9 percent of its GDP on infrastructure
projects, and Business Monitor International predicts that investment in building and sustaining infrastructure will significantly accelerate in the next two years.
Though Vietnam has caught up with
its Southeast Asian neighbors in some
ways, it has an insufficient transporta-
tion infrastructure, and communication
networks frequently drop calls. With
energy consumption up by nearly one-
fifth from last year and an electricity
shortage predicted in areas already expe-
riencing blackouts, the greatest demand
is for power projects, sparking at least
The next tier of emerging markets
reveals some dark horse contenders.
And although nothing’s ever certain in
the world of project management, this
probably isn’t the last you’ve heard of
Read about more emerging
markets in an interactive
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