Dubai extends submission deadline for award for innovation in PM
Dubai has extended the deadline for the submission of entries for the prestigious Hamdan bin Mohammed Award for Innovation in Project Management to July 14, authorities said on Tuesday.
The award is the first of its kind in the world and is aimed at recognising and honouring the best innovative practices in the field of project management locally, regionally and internationally.
The Board of Trustees of the award, under the chairmanship of Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of Roads and Transport Authority (RTA), said that nearly 450 submissions were in process.
The award, named after the Crown Prince of Dubai and Chairman of the Dubai Executive Council, carries a reward of AED2 million ($550,000).
“The extension of the registration deadline aims to avail potential participants every chance to complete their submission bids. About 450 bids are under submission, and the opportunity is open for submitting nominations to the award through the website http://www.hbmaipm.com/,” said Laila Faridoon, Member of the Board of Trustees & Secretary General of the award and Executive Director, Office of the Director General and Chairman of the Board of Executive Directors, RTA.
“The award aims to make Dubai a global hub for project management innovators and specialists and drive innovation in this field,” she added.
Winners of the awards will be announced at the fourth Dubai International Forum for Project Management on November 20 in Dubai.
The award comprises of three categories.
The first one is the individuals’ category, which has a total purse of $60,000 and comprises two sections.
The first section is Innovative Project Manager ($30,000). It focuses on benefit realization management, cost, time, & scope management; procurement management, quality management; risk and issue management; culture & change management, and stakeholder demands management.
The second section ($30,000) is the Innovative PMO Manager. It covers cost, time, & scope management, project integration management, risk and issue management, portfolio strategy & governance management; portfolio performance management; communication management; resource management; and development of standards, methodologies, processes..
The second category of the award is the Innovative Project Team Award Project ($40,000). It covers four fields: communication management, culture & change management, stakeholder demands, risk and issue management and project integration management.
The third category of the award is designated for innovative idea in companies and has a total prize money of $450,000.
The award has three parts: the Innovative Idea Award in Project Management with a prize of $100,000. It covers benefit realization management, cost, time, & scope management; procurement management, project integration management, quality management, risk and issue management, stakeholder, culture & change management.
The second is the Innovative Idea in Program Management Award, with a prize of $150,000. It covers cost, time, & scope management; procurement management, risk and issue management, stakeholder, culture & change management, program governance management, and program strategic alignment & benefits management.
The third is the Innovative Idea in Portfolio Management Award with a prize totalling $200,000. It covers risk and issues management, stakeholder, culture & change management; portfolio strategy & governance management and portfolio performance management.