April 2017

PMI APAC LIM - Balakrishna Kasibatla, PMP PMI, as per its strategy conducts annual Leadership Institute Meeting (LIM) for every region. APAC consists of Regions 9, 10, 11 and 15. PMI Bangalore India Chapter is part to Region 11 within APAC.   This year’s APAC LIM was held during 3rd to 5th March 2017. Most of the leaders from all regions & chapters attended this meeting to present the chapter statistics, understand PMI strategies and network with fellow leaders. Mr. Basu Dutta (President), Shilpa Gnaneshwar (Secretary & Treasurer) and Balakrishna Kasibatla (Vice President – Membership Services) represented Bangalore India Chapter at the AP LIM at Hong Kong. LIM had three full days of power packed sessions. First day has been dedicated to Chapter Leader Meetings for each of

Organization Structure in Wind Turbines Projects - Sandeep Kumar This study is about the wind power giants' merger, pre and post-merger situations, changes in organizational structures, its benefits and impacts. The positive synergy was derived from Balanced Matrix organization structure, which was actively involving the internal technical resources in Project Management activities. Thus an existing vendor development initiative was utilized to develop new engineering suppliers which were to be managed by technical leaders. These actions post-merger resulted in better control of projects, immediately responding to spikes in project requirements and cost competencies from vendors.   Pre-Merger Scenario Before the merger the team was working in a functional organization structure. Thi...

Influence of Internal Stakeholders' engagement on Project Portfolio Management – Is the role clarity satisfactory? - Pankaj Tiwari, PMP & Dr. Sunita Panicker Stakeholder Engagement is one of the key success factors for project portfolios. Moreover, stakeholder engagement needs to also account for stakeholder's influence on one another through formal and informal ways.   The organization often gets a strategic business outcome not by one project but execution of multiple projects or a portfolio of projects. Project portfolio management (PPM) can be treated as critical management improvement; this has become an important capability for organization managing diverse projects simultaneously. Institutionalizing PPM in an organization's dynamic management system is a dissemination pr

Dynamics of Design & Build Model Revolutionizing the Conventional Construction Philosophy - Koheli Puri   Introduction Huge development projects amidst emerging market economies across the Globe and specifically in India, necessitated rapid completion of Infrastructure Projects. The pace of investments over the last two decades in India has been soaring. In parallel, there has been a tremendous growth in the sheer volume of real estate that has been developed. Offices, malls, schools, hospitals, residences have all been developed to supplement the need of the world's fastest growing economy and to support the unprecedented increase in population   In India the Technology Industry has lead the growth of the Country followed by Retail, Healthcare, Services, education and logi...

E&C Symposium Symposium Inauguration   Ms. Chandrika started the symposium on a traditional note with a devotional song. After this Mr. T. V. Sesha Sai, VP – Projects & New Initiatives, Chair – E&C Forum, PMI Bangalore India Chapter inaugurated the Symposium by sharing his thoughts on the goals of E&C forum. He stressed the goal of the forum is to share best practices among the E&C community and also the theme of Symposium i.e. “Building Better Tomorrow – leveraging Project Management” is in line with this.   Lamp lighting ceremony was followed after this to set the tone of the event on an auspicious note.   Mr. Vijay K Paul, President, PMI Bangalore India Chapter addressed the audience and shared thoughts on Chapter's journey with E&C industry.

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Q. This is one of the popular tool to analyse and map an organisation's stakeholders.   A. A key aspect of formulating corporate strategy is understanding key stakeholders. The objectives of an organisation will be governed by its key stakeholders. These key stakeholders be determined using stakeholder mapping. Mendelow's matrix is a popular method for performing stakeholder mapping.The matrix assesses the level of power and level of interest of either individual stakeholders or stakeholder groups. This analysis can then be used to decide how best to engage with them from minimum effort, through keeping them informed and satisfied to involving them in active participation in the organisation.   [Source - Internet]    

Members Corner   We welcome all new members and Thank members who have renewed their membership in March 2017.    Appended is the list of few FREE web-based seminars (webinars) for April 2017, 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.                      1. 19-Apr-17 12:00 PM EST BIM & Agile: Towards The Change 2. 20-Apr-17 1:00 PM EST Managing Remote Teams for Success 3. 20-Apr-17 3:00 PM EST Project HEADWAY: Consulting Is Everyone's Job 4. 25-Apr-17 1:00 PM EST Fire and Ice! How Agile and Traditional Methods Can Coexist and Complement Each Other 5. 26-Apr-17 1:00 PM...