PMI Bangalore Chapter

Members Corner May 2016

PM Essence
Members Corner                                                   
                                – (PMI Bangalore India Chapter)
Q. In competitive market place, the product companies use this pricing strategy to remain profitable?

A. Tsrget Pricing is the method that involves (1) identifying the price at which a product will be competitive in the marketplace, (2) defining the desired profit to be made on the product, and (3) computing the target cost for the product by subtracting the desired profit from the competitive market price. The formula :


Target cost is then given to the engineers and product designers, who use it as the maximum cost to be incurred for the materials and other resources needed to design and manufacture the product. It is their responsibility to create the product at or below its target cost.

[Source – Internet


Share your Professional Achievements with us!

PM Accomplishments is YOUR section for sharing the joy of professional achievement with the rest of the community an inspiration for others to follow. Please share details of your achievement in not more than 50 words and send it along a high resolution picture associated with the accomplishment with the Chapter for publishing in PM Essence.
Certain rules apply:
♦The accomplishment must relate to project management profession. Please do not send information on promotions, new job, new role and other routine events
♦The accomplishment must be within the last 6 months
♦The entries received will be evaluated by the Chapter and selected accomplishment(s) will be published in the Essence of the following month.
Please write to and share details of your accomplishments and steal the limelight.

Invitation to Write Article for PM Essence
PMI Bangalore Chapter Essence is looking for articles from you. This is your opportunity to learn share and grow your professional knowledge in Project Management and leadership. You do not need to be a member of PMI or PMI Bangalore Chapter to write articles for Essence. All are welcome. Once the article is received, it will go through an editorial review process before getting published.
Articles should be sent in MS Word Format . The article size should be preferably within 800-1000 words with 1 or 2 relevant pictures. Article should not be presented as a series of articles ( like part 1 and part 2 etc.). But they can be always made as a separate standalone articles. The subject of the article should be Project Management or related topics (like Lean, Agile, Innovation, Management, Leadership etc.) which will help our fellow PM community to enrich comprehension of their professional knowledge and skills.
PM Member’s Corner:

We had 71 new members and 97 members renewed their membership in April’16. PMI Bangalore India Chapter welcomes all new members and Thanks members who have renewed their membership.


EEP Update: Members who missed to renew their membership post July 2015 can still avail membership fee benefit of $65 as part of Economic Exception Program, Renew your membership today.


Appended is the list of few FREE web-based seminars (webinars) for May 2016, we have shared same list to your registered email too. This is a good opportunity to earn PDUs to maintain your credentials.








1:00 PM EDT

Facilitation Skills for Those Tricky Meeting Situations for Project Managers

Free for PMI/ members



3:00 PM EDT

Project HEADWAY: Adapting Project Management For The Real World

Free for PMI/ members



12:00 PM EDT

Kaikaku – Projects in Innovative Environments

Free for PMI/ members



12:00 PM EDT

March Book Club – Project Management, Denial, and the Death Zone: Lessons from Everest and Antarctica

Free for PMI/ members



1:00 PM EDT

Managing Underperforming and Unmotivated Employees

Free for PMI/ members



12:00 PM EDT

Kick Off Your Project for Success!

Free for PMI/ members

For any queries or suggestions, please write to  or  contact Balakrishna Kasibatla, VP Membership, PMI Bangalore India Chapter

Member’s Speak

  • Pleased to be associated with PMI Bangalore chapter, the membership provides opportunity to interact with PM’s across diverse industry verticals. – Sandeep Biswas (2988656)

  • Joined PMI Bangalore chapter to receive regional updates, newsletter and to connect with projects managers in Bangalore. – Arun Deora (2988702)

  • To Network, share and collectively grow. – Murali P (1442223)

  • I come from management and Strategic background, and it is imperative to be connected and receive updates on the continuously changing management, strategic and project management field. Pleased to be associated with PMI Bangalore chapter. Divya G (4470198)

  • Joined PMI Bangalore chapter as it provides opportunities to network, learn and share knowledge. – Deepika Iyer (4465731)