PMI Bangalore Chapter

December 2016

 
Did you know?

Did you know?

December 2016
Q. This is the report created whenever a stage/project plan exceed the relevant tolerance bounds.   A. An exception report is a type of summary report that identifies any events that are outside the scope of what is considered a normal range. Reports of this kind are employed in a number of settings, including the process of inventory reconciliation, project management investigation, and even employee assessments. Exception Report play a vital role in Management by exception. Management by Exception is a "policy by which management devotes it's time to investigating only those situations in which actual results differ significantly from planned results. The idea is that management should spend its valuable time concentrating on the most important items (such as shaping the company's...
Members Corner

Members Corner

December 2016
Members Corner Membership Transactions:                       EEP Update: Members who missed to renew their membership post December 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 December 2016, we have shared same list to your registered email; this is a good opportunity to earn PDUs and claim at PMI to maintain your credentials.       For more webinars, please logon to ProjectManagement.com with your PMI credentials. For any queries or suggestions, please write to Balakrishna Kasibatla, PMP, VP Membership, PMI Bangalore India Chapter at membership@pmibangalorechapter.org &...
Success Story – Chapter Membership

Success Story – Chapter Membership

December 2016
Success Story - Chapter Membership It takes immense pleasure in sharing that our Chapter has crossed 2500 members milestone in November 2016 and second highest in APAC region. It was during the Chapter's Strategy Meeting in the beginning of the year that the Board decided that Membership is one of the top three priorities for the Chapter. The Membership team has accepted the challenging assignment and started streamlining the existing process and has initiated lot of activities during the year which includes various membership drives. Some examples are, Welcome emails and Welcome kit to new members, Thank you emails to members who renewed their membership, Reminder emails to members who are due for renewal, Reminder calls from Chapter's associated call center, short verbiage on Chapter...
PM Article: Are you a homeopathic PMO?

PM Article: Are you a homeopathic PMO?

December 2016
Are you a homeopathic PMO? Stuart Easton Many people believe in homeopathy. It's been used for thousands of years and is deeply rooted in certain parts of society. However, the unequivocal research by modern science practitioners proves that homeopathy doesn't work – it's just a placebo.   In much the same way there are methods for prioritizing projects that have been used for decades. At some point they were probably even deemed to be best practices, but like homeopathy they don't really work.   In this article we will try to work out which methods are homeopathy and which are real science.   Spotting the fakes So how can you tell fake remedies from the Real Deal? For me there are 3 or 4 absolutely vital components in a valid prioritization process. Missing any of thes
PM Article: The Performance Metrics Series: The How and What through Five Favourite Quotes

PM Article: The Performance Metrics Series: The How and What through Five Favourite Quotes

December 2016
The Performance Metrics Series: The How and What through Five Favourite Quotes Suchitra Mishra Numbers tell stories – and metrics are the tools through which these stories get shape and substance. There are tons of performance metrics to choose from and the right performance metric for your business may not be the right one for mine. I have been asked many times on how to know when and where to introduce metrics, what the right metrics are, and how to work the metrics so that the metrics work for you. So through this article, I will try to answer these questions through another passion of mine – quotes! I LOVE quotes (as do the majority of people online going by the number of quotes shared every minute). Do you too get the feeling sometimes when you read a quote – ahh, I totally get t

Chapter News

December 2016
Chapter News Capt. L. N. Prasad PM Footprints: During the month of November, One PM Footprints session was held on 3rd November 2016. Mr. Ashok Kumar Mysore of 'A P A C' a Multi-Industry and Government Business Unit spoke on the topic "It's all about Speed” Adopting to Radical Changes.   Saturday PM Footprints for E&C Forum: As a part of the E&C Forum during the month of November, Two talks were held on 19th November 2016. Mr. Pradeep Sangal, spoke on "Dynamic Project Management" and Mr. Murali Naidu, spoke on the topic "Lean Construction -Transforming current forms of Project Management".     PM Footprints Anniversary: On 26th November 2016, the 10th Anniversary of the PM Footprints was celebrated at Hotel Chancery. The PM Footprints was started in the year 2006.
Editor’s Note December 2016

Editor’s Note December 2016

December 2016
Editor's Note   Dear Friends,   Greetings from PMI Bangalore India Chapter!   During last month, the demonetization drive was launched by our honorable Prime Minister and it still dominates conversation in India. Demonetization, intended to remove black money out of the economy can be easily considered as one the most challenging and complex project in our country. Since the night of November 8th, 2016, the top denomination currency, the 500 and 1000 notes ceased to be considered as legal tender. This led to confusion and anxiety on how the businesses, especially the ones which are primarily cash based, (e.g. vegetable vendors, toll gates, casual laborers, small Kirana stores) would run. Off course the big businesses like, jewelry, real estate, were also severely imp...