May 2019

PM Leadership Connect

May 2019
PM Leadership Connect Madhavan S Rao, PMP Former Board Member (PMI Chapters – Hyderabad and Bangalore) Founder Editor – PM Essence, Volunteer and Author   Q1. What still excites you about being a PMI Bangalore Chapter member? I became a member of the Bangalore Chapter on 4th April 2000 and incidentally today is 4th April 2019. I like to thank PM Essence Editorial Board for this opportunity to share my insights and also thank the PMI Bangalore Chapter Board for the innumerable opportunities it has offered me to volunteer over the past 19 years. Prior to that, I had volunteering experience at PMI Pearl City Chapter (Hyderabad) as its Founder Member and VP . The Bangalore Chapter was in its formative years and I found it exciting to be part of entrepreneurial activities of such a start-
PM Member’s Corner

PM Member’s Corner

May 2019
PM Member Benefits: PMI membership includes many free resources that can help you power your career and earn valuable PDUs. 1000+ tools, templates and webinars 4 virtual events each year Discounts up to 30% off live events, online courses and popular books in the PMI Store Networking with project managers around the world Plus, PMI membership includes free access to these digital publications: PMBOK® Guide (available in 12 languages) 19 digital editions of the PMI Standards 57 digital editions of PMI-published books Happy Learning and earning PDUs!!! Feel free to revert for any further clarifications CHAPTER EVENTS in June 2019  

PM Quiz

May 2019
PM Quiz : Compiled by Himadri Sekhar Chowdhury Questions: What can you surmise about a project whose Earned Schedule is greater than zero? What does a negative value of effective stakeholder engagement signify? What are secondary risks? How do you use Quality Metrics in the Manage Quality process? Procurement strategy defines Procurement Phases, Delivery Methods and ____? Answers: Project is considered ahead of schedule. It signifies the true costs of not engaging stakeholders, leading to product recalls, or reputation loss, etc. Secoundary risks arise as a direct result of implementing a risk response. As basis for development af test scenarios and improvements initiatives. Contract Payment types.  
PM Tips

PM Tips

May 2019
PM Tips  1. Make Sure Employees Are Working On The Right Tasks Unless employees are busy doing the right tasks, the business will suffer. Let intelligent data drive the framework, determining what each employee should focus on to achieve specific tasks. - Manish Sood, Reltio (Reference https://www.forbes.com) 2. Directly Align Tasks And Performance With Company Goals Make sure everyone is aligned with the organization's critical objectives with specific, individual performance goals paired with measurable outcomes. Tie the individual contributors' performance directly to the organization's goals with frequent progress reviews. This will naturally motivate your team to keep its eye on the ball and to avoid tasks that do not contribute to overall success. - Kevin Vliet, Target Corporati...
PM Guest Article May 2019

PM Guest Article May 2019

May 2019
Digital Transformation Sukumar Rajagopal The phrase Digital Transformation has taken the  world by storm. To us, as people working in the area of Transformation for the last 2 decades, it is a big positive. However there is a dark underbelly to this shiny new phenomenon - the driving forces of digital transformation are poorly understood resulting in many initiatives failing to hit the mark. There are several reasons for this and I would like to cover one of the key reasons. Incorrect Understanding of Disruption I request you, the reader, to think of a few Disruptive Innovations in your mind. Most likely you thought of Uber, iPhone, AirBnB, Tesla, Swiggy, Amazon Alexa. Unfortunately none of those are Disruptive Innovations. We use Disruption/Disruptive without clearly understanding th...
Chapter News May 2019

Chapter News May 2019

May 2019
Chapter News Arun Malavalli  Details of various activities held by the Chapter during the month of April 2019 are as follows: E&C PM Footprints: th E&C PM Footprints was held on 20 April 2019.   Mr. Srihari Gummalam spoke on "Project Risk Management in an industry scenario" and  Mr. Nittala Krishnamohan spoke on "360 Degree Project Manager – what and how !!". PM Footprints: PM Footprints was held on th27 April 2019. Dr. Shankar Ramamoorthy spoke on "Future of Project Management" and Ms. Vidhya M, spoke on "People Engagement for Project Success". A One day Workshop on Business Analysis was thconducted on 13 April 2019. It was facilitated by Mr. Raja Kumar Sharma & Mr. Anand Lokhande. 15 People participated. PMP QUEST: 4 Day PMP QUEST
Editor’s Note May 2019

Editor’s Note May 2019

May 2019
Editor's Note Dear Readers, The general elections in India have concluded and the results were announced last month. Prime Minister Modi won a second term by a landslide majority. Most opinion polls got it right this time. What lessons does such a massive win teach the project management community? Projects do not become overnight success stories. There's a lot of planning that goes into each campaign. From selecting the most winnable candidates to creating manifestos that seem realistic and not just populist. PM Modi was the candidate that most voters voted for. So the lessons for any project manager is to identify your strengths and leverage them. The importance of communication is also brought out to the fore. Strong, accurate, and timely communication can make all the differen...