Moored to their unmethodical methods, Brazil’s exhibited severe signs of ineptitude over the past few years. 2017 was one of their more troubling junctures, and according to the National Confederation of Industry, Brazil’s economy took the biggest hit last year. In August, the National Confederation of Industry conducted a study that revealed Brazil’s utter incompetence when it comes to executing infrastructure projects. More specifically, the report disclosed that Brazil abandoned 517 infrastructure projects within the last year. As a result, the nation saw a loss of $10.7 billion. No doubt shocking figures, Brazil is being urged to implement much-needed reform. More about Felipe Montoro Jens at infomoney.com
Felipe Montoro Jens, a reputable project analyst, is among one of many experts striving to spark these modifications. In the hopes of providing solutions to Brazil’s enduring problems, Jens performed an analysis of his own. Jens discovered that Brazil’s being plagued by various factors. Some of the glaring flaws in their system include improper training, technical difficulties, expropriation, insufficient funds, and poor micro planning procedures. Jens reveals that a combination of these setbacks has led to Brazil’s current critical state. Unfortunately, each issue will remain at play if Brazil doesn’t galvanize into action and begin instituting change.
Other specialists including Ilana Ferreira and Jose Augusto Fernandes echo Jens’ notions. Ferreira went as far as to say that Brazil’s “poor quality projects indicate poor planning.” Fernandes is perhaps the least confident in Brazil’s ability to change, claiming that the country has invariably been “unable to learn from the losses that their projects generate.” While Jens doesn’t disagree with these sentiments, he does believe that Brazil could see improvement if they incorporate the following into the operations: improved micro planning strategies, training programs, contractual agreement practices, execution modality models, and internal control techniques.