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HE Mattar Al Tayer, Director General and Chairman of the Board of Executive Directors of Roads and Transport Authority (RTA) and Chairman of the Board of Trustees of Hamdan Bin Mohammad Award for Innovation in Project Management, has announced the opening of registration for the inaugural editions of the Hamdan Bin Mohammad Award for Innovation in Project Management, (HBM AIPM) through the website http://www.hbmaipm.com/. The Award has total prize money of about AED 2,000,000 (Two million Dirham) equal to USD $550,000 (Five Hundred & Fifty Thousand US Dollars). It aims to identify, reward, encourage, promote and enable innovation in project management by compiling an innovative project management methodology, creating a database for the best practices and business models in project management, providing a platform for sharing innovative ideas and offering training on project management skills.
The Award targets the international business community, including specialists and experts in project management, as well as individuals, teams and institutions involved in project management, programs or project portfolios.
“The Hamdan Bin Mohammed Innovation Award in Project Management is a catalyst for innovative leaders, innovative teams, and innovative ideas in various institutions. The Award, which serves as a reference for the best project management innovation practices, contributes to the creation of innovation in the enterprise system, methodologies and practices in project management. The winners, who will be announced during Dubai International Forum for Project Management on 20 November 2017, will be selected based on two criteria: innovation methodology used in the project and the impact of this innovation on the project results,” stated Al Tayer.
Three categories
“The Award contains three categories: Individual Category with total prize money of USD $60,000 dollars. This award is divided into two parts: The Innovative Project Manager Award, which has prize money of USD $30,000 thousand dollars. Its themes discuss Benefit Realization Management; Cost, Time, & Scope Management; Procurement Management; Quality Management; Risk and Issue Management; Stakeholder, and Culture & Change Management. The second award is the Innovative PMO Manager Award and has prize money of $ 30 thousand dollars. Its themes hinge around 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,” added Al Tayer.
The second category is the Innovative Project Team Award with prize money of 40 thousand dollars. It covers 4 fields: Risk and Issue Management; Stakeholder, Culture & Change Management; Communication Management; and Project Integration Management.
The third category of the Award is designated for Innovative Idea in organizations and has total prize money of USD $450,000 dollars. It is divided into 3 parts: the Innovative Idea in Project Management Award with a prize of USD $100,000 dollars. Its themes include Benefit Realization Management; Cost, Time, & Scope Management; Procurement Management; Project Integration Management; Quality Management; Risk and Issue Management; and Stakeholder, Culture & Change Management. The second is the Innovative Idea in Program Management Award, with a prize of USD $150,000 dollars. Its themes includes Cost, Time, & Scope Management; Procurement Management; Risk and Issue Management; Stakeholder, Culture & Change Management; Program Governance Management; and Program Strategic Alignment & Benefit Management. The third is the Innovative Idea in Portfolio Management Award with a prize totaling USD $200,000 dollars. Its themes focus on Risk and Issue Management, Stakeholder, Culture & Change Management; Portfolio Strategy & Governance Management; and Portfolio Performance Management.
Rules & Conditions
Ms. Laila Faridoon, Executive Director, Office of the Director General and Chairman of the Board of Executive Directors, Member of Board of Trustees and Secretary General of the Award, said, “The Hamdan bin Mohammed Award for Innovation in Project Management includes a number of general rules and conditions that ought to be adhered to by applicants. These stipulations include that the applicant can apply for my more than one award. The application form for any of the categories of the Awards has to include at least one area of innovation and it is permissible that the application may cover more than one area of innovation and any nomination falling short of the nomination standards of the selected category will be eliminated. Any application that does not include fully completed forms will not be entertained. Applications for the awards have to be in English as it is the common language of all members of the Judges Panel.
“The conditions also state that the project selected must not have been completed more than 48 months before the submission of application. All supporting documents have to be provided at the time of submission and have to be clearly flagged and mentioned. In case additional information is needed, they have to be supplied within three working days from the date of request. All jobs submitted must have been accomplished by the applicant and have to be approved by the project sponsor or director and the supporting documents showing this have to be presented.”
“The rules also provide that the applicant must be the holder of the copyright of the content of submission; however, HBM AIPM reserves the right to use some relevant content for promotional and marketing purposes. The applicant will have the copyright of the content of submission; however, HBM AIPM reserves the right to use some relevant content for promotional and marketing purposes. The award team has the right to decide to award one applicants in the different categories/award. The award has the right to decide to award two or more applicants in the same category. The judging panel will consist of experienced experts in their field and the applicant cannot dispute their decision. There shall be one designated lead nominator with whom award team will communicate with regarding the application. The award team reserves the right to withholding any award for a particular year, if the evaluations of applicants indicate that nominations do not meet award standards,” she elaborated.
Each category and individual award has variations of requirements and eligibility criteria that differ for each award. The allocation of the judging panel members for evaluation of each entry will ensure that there is no conflict of interest and the Judges follow and enforce highest standards of professionalism and business conduct,” she further added.
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