The faculty had planned to establish the Institute of Project Management Studies (IPMS) to advance project management education and research to produce required human resources at the different levels to perform well in the projects operated in Sri Lanka. This Institute will also contribute to solving the problems emanated in the context of projects. The Institute provides a focal point for education and research in project management, addressing current and emerging project management issues nationally and internationaly in Sri Lanka.
The Proposal and Ordinance to establish the Institute of Project Management Studies (IPMS) was already approved by the Council at its first meeting held on 25th September 2021. The Institute of Project Management Studies (IPMS) would be established after the declaration by Gazette notification.