Construction Project Management Essay Example | Topics and Well Written Essays - 6000 words

Construction Project Management - Essay Example Current projected demand for planned wind farm construction ranges between US$ 8 – 10 billion, based on an estimate of US$ 200 million for 50 MW wind farms (European Bank, 2011 and Bobylev, 2009). Wind power in Russia is still low compared to other European countries. Thus, the following are some of the anticipated large projects in Russia: However, it has been observed that factors such as corruption, differences in language and culture, a tendency by the government to indulge in politically motivated campaigns against foreign firms as well as terrorism are likely to pose problems to investors. However, given the lucrativeness of the construction industry in Russia, it is possible for Natural Power Consultants to overcome such difficulties. It has been proposed that a cautious approach has to be taken upon entry into this market. The company must have something to offer and the impact of corruption should not be ignored. This section of the study seeks to critically analyse information about Russia, its construction industry as well as various cultural issues that often shape the operations of organisations in this country. Thus, according to Datamonitor (2011b), the construction and engineering industry in the Russian Federation shrank by about 20 percent in 2009. Although most of the construction within the energy sector emphasises oil and gas pipelines, Russia has on-going wind farm projects. These include the ones within the 50 – 150 MW rated capacity range (European Bank, 2011). Recently, Russia announced a plan for investment of about US$200 million for what is yet to become the largest wind farm project in the country. This includes the 50 MW city of Yeisk wind farm located on the coast of the Sea of Azov (RIA Novosti, 2010). Based on a construction cost figure of US$200 million / 50 MW capacities for a wind farm in Russia, the following relatively large projects