June 2017

 
PM Article – Bad experiences teach us more than Good Ones

PM Article – Bad experiences teach us more than Good Ones

June 2017
Bad experiences teach us more than Good Ones - Balaji Rajagopalan Overview I recently visited a grocery retail outlet near my house for grabbing a few bytes. At the Point of Sale (POS) counter was kept a small device for the customer to share their feedback on the day's shopping experience. I was not clear if the device was working or it is just a display piece. I asked the cashier and there was no reply from her side. I assumed it was a display piece. What happened next was very interesting - the cashier after finishing my billing pressed the button "Great" in the feedback device. I was stunned! I thought the device was not working. I asked her why did she not allow me to give the feedback for which she did not reply. I felt cheated. I went to the corner of the store near the exit and ...
PM Article Project – Setting up for failure

PM Article Project – Setting up for failure

June 2017
Project - Setting up for failure - A.K. Manjunatha Though every Project Manager aims at successful completion of a project, the following could be the reasons why projects fail:- Projects keep businesses running, and thus, managing amicably the various stakeholders towards a common objective is vital. It gets challenging as it is complex and could be new. However, one project which I would like to share the experience is the one which had good revenue return. Project delivering in a short span of time helps to retain the Customer and get more Business. The probable reason why the project got delayed beyond expectations and hence led into failure are: - 1. Team not in Sync: One black sheep at the top, who wants to show that the team cannot function without him, can destroy the team spiri...
PM Article – The Four Big Issues in Project Management Today

PM Article – The Four Big Issues in Project Management Today

June 2017
The Four Big Issues in Project Management Today - Soumya Patil Overview Everywhere we see people debating or discussing the complexity of management in the Project Management arena. In the past, it was all about the Benefits, Ethics, Processes, Stakeholders, etc. Today, the debate seems to be riven, there isn't one big topic by virtue. At this point, Companies are facing some uncertain issues that seem to be happening simultaneously. According to PMI's Pulse of Profession report, due to poor Project Performance Enterprises are wasting approximately $97 million for every $1 billion invested. This is the result of improper Project Management Strategies. The persona of a Project Manager should not only be comprehending to Project Management Methodology, but also entail handling challenges o...
PM Article: Finance Acumen for Operations Manager

PM Article: Finance Acumen for Operations Manager

June 2017
Finance Acumen for Operations Manager - Dr. V. Bharathi In the changing business scenario, the primary concern of any business is to enable the organization to constantly deliver good financial results leading to sustained growth of the business in the changing times while making best use of the opportunities and steering challenges. Operational and Financial performance are the two sides of the same coin as companies need to optimize operational performance to support financial performance. Accordingly a certain degree of financial acumen is vital for all the business stakeholders to appreciate the link between operational performance and financial health of the Company. This article examines the link between operational performance and financial health of the company in a multi project...
Did you know? June2017

Did you know? June2017

June 2017
Q. This describes an event that comes as a surprise, has a major effect, can potentially disrupt execution of strategy   A. A black swan is an event or occurrence that deviates beyond what is normally expected of a situation and is extremely difficult to predict. Black swan events can make execution of a well crafted strategy go belly up. The term was popularized by Nassim Nicholas Taleb, a finance professor, writer and former Wall Street trader. Black swan events are typically random and are unexpected. It tries to explain, the disproportionate role of high-profile, hard-to-predict, and rare events that are beyond the realm of normal expectations in history, science, finance, and technology. Beides it highlights non-computability of the probability of the consequential rare events ...
Member’s Corner June 2017

Member’s Corner June 2017

June 2017
Members Corner We welcome all new members and thank members who have renewed their membership in May 2017.    Appended is the list of few FREE web-based seminars (webinars) for June 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. 01-June-17 1:00 PM EDT The Future of Project Management in Manufacturing 2. 06-June-17 11:00 AM EDT The Questions You Should be Asking Your Project Team 3. 07-June-17 11:00 AM EDT Project Value Creation and Benefits Realization — A Partnership for Enterprise Success 4. 07-June-17 12:00 PM EDT The Future of Project Management: Agile PM is the Forefront of a Larger Change 5. 07-June-17 2:00 PM EDT Change Made Easy 6. 09-June-17 12:00 PM EDT Intro t

Member’s Speak June 2017

June 2017
  Member's Speak • “PMI Bangalore chapter provides a wonderful platform to network across PM community” - Chandrasekar Ramakrishnan • “Bangalore Chapter enables to cope up with certification needs, keeps me informed about conferences, etc., that will boost my PM knowledge” - Anwar Areekkal • “You get an opportunity to voluteer that enables to learn and experience Leadership capabilities. PMI Bangalore chapter enabled me to meet professionals across the globe and also assisted me to attend volunteering meet in US. Thank you PMI Bangalore chapter” - Arvind Raizada • “Bangalore Chapter enables to cope up with certification needs, keeps me informed about conferences, etc., that will boost my PM knowledge” - Jasdeepti Singh • “Bangalore chapter activities like conferences helps me keep up
Chapter News June 2017

Chapter News June 2017

June 2017
Chapter News Capt. L. N. Prasad PM Footprints: During the month of May 2017, two PM Footprints sessions were held. On 11th May 2017, Mr. Narendran Karumathil, PMP, Member, Management Board Integra Micro Systems Pvt. Ltd., spoke on the topic "Digital Transformation and how it affects Project Management Practice".   On 25th May 2017, Mr. B Selva kumar, a freelancer, spoke on the topic "Elephant and the Rider – Enlighten the Bio Computer that we possess". Both the sessions were very well attended and the members benefited by the subject.   PM E&C Footprints: On 20th May 2017, E&C Footprints was held. The first speaker for the day was Mr. Rudresh K. V., Vice President of Bhartiya City Developers, spoke on the topic "Impact of RERA on Project Management Service and Role of