PMI Bangalore Chapter

March 2017

Newsletter February 2017
Did you know?

Did you know?

March 2017
Q. This is an operational activity concerned with matching supply/demand and what quantity of materials/resources are required.   A. Aggregate Planning is concerned with matching supply and demand of output over the medium time range, up to approximately 12 months into the future. The term aggregate implies that the planning is done for a single overall measure of output or, at the most, a few aggregated product categories. The aim of aggregate planning is to set overall output levels in the near to medium future in the face of fluctuating or uncertain demands. Aggregate planning is an operational activity that does an aggregate plan for the production process, in advance of 6 to 18 months, to give an idea to management as to what quantity of materials and other resources are to be ...
Members Corner

Members Corner

March 2017
Members Corner                             We welcome all new members and Thank members who have renewed their membership in February 2017.   Appended is the list of few FREE web-based seminars (webinars) for March 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..                           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 membersh...
PM Accomplishment

PM Accomplishment

March 2017
PM Accomplishment   We are happy to learn that Sri S.S.V.Raghavan - PMP, a Past Vice-President of the Bangalore Chapter of PMI, was honoured recently with “Distinguished Member Award” by the Indian Institute of Materials Management at its National Convention at Hyderabad on November 25th, 2016. This was in recognition of his contribution towards the development of Materials Management profession for nearly 40 years in various capacities – as Faculty Member, Examiner, Executive Committee Member and Hony. Editor of its official magazine, to name a few.  Since he was unable to make the trip to Hyderabad to receive the Award personally, it was presented at the Annual Conference of the Bangalore Branch (“Supply Chain And Logistics Exposition” - SCALE 2016) on the 16th December at
PM Article: Want to be a better Reader? Start Writing!

PM Article: Want to be a better Reader? Start Writing!

March 2017
Want to be a better Reader? Start Writing!   - Aravind Iyer Speech is what we learn first, but we are taught reading, writing and arithmetic soon after. Between reading and writing, school curricula tend to dwell more on reading than on writing. After all, as students we are learning and a learner is a recipient of teaching, one who is expected to listen and read more than speak and write. But somehow this tends to continue into our adulthood too. We read the news, subject matter relevant to our jobs, instruction manuals, messages from the CEO, Political Leaders' speeches, our daily dose of stories from magazines we follow. But unless we are required to write as part of our jobs, we tend to write little or not at all. A relatively small proportion of people produce the bulk of the ...
Constituents of Project Success

Constituents of Project Success

March 2017
Constituents of Project Success - Sourya Bose Usually the middle of the week one gets caught up with a lot of deliverables and the subsequent follow ups from the past week. As Sourav was busy giving finishing touches to his weekly dashboard, he suddenly gets an e mail “You have been recognized”!! Sourav was not only happy but also ecstatic as he was not expecting any reward or recognition for the European Union project he successfully completed about 2 weeks back! Being in the field of Project Management for close to 6 years now I reflect on what actually constitutes “A Successful Project”? Is it the Agile or the Waterfall Methodology? Or people? I believe successful Project Management is more about getting people to work together to achieve a specific outcome than it is about tools an
PM Article: The Magic of Managing IP Portfolio

PM Article: The Magic of Managing IP Portfolio

March 2017
The Magic of Managing IP Portfolio - Lokesh V. Every organization has a reason for its being. It might be a unique ability to offer a particular Product or Service, or it might arise from having been in the right place at the right time with certain set of capabilities. But at its core, your organization probably relies on Intellectual Property (IP) far more than you imagine.“IP Management is the Cinderella of the modern organization, whose value has long been unrecognized, but is now being swept into prominence”The knowledge and ability to innovate is frequently the difference between organizations that succeed and those that fail. Physical assets and traditional sources of competitive advantage such as manufacturing or service capability or location have far less relevance. The value
Chapter News

Chapter News

March 2017
Chapter News Capt. L. N. Prasad PM Footprints: During the month of February 2017, two PM Footprints sessions were held. On 2nd February 2017, Mr. Arnob Roy, CEO Bespoke, spoke of the conflict management at work place.   On 16th February Brigadier Satyendra Kumar, Founder and Director of SATYSSPARKS, spoke on the topic "Developing Fully Engaged Project Teams Leveraging Strengths."   PM E&C Footprints: On Saturday the 18th February 2017, E&C Footprints was held. Mr. Bipin Misra, India leader - Real Estate and operations Procurement of Honeywell Technology, spoke on the topic "Project & Procurement - A collaborative approach." The second speaker of the day, Mr. Basu Dutta, an Independent consultant and also Vice President Professional Development, PMI Bangalore India...
Editor’s Note March 2017

Editor’s Note March 2017

March 2017
Editor's Note   Dear Friends,   I am happy to share that the PMI Bangalore India Chapter will be organizing the 2nd edition of Project Management Industry Symposium for the Engineering and Construction (E&C) Industry on Friday, the 10th March at The Leela Palace, Bengaluru. This year's Symposium theme is "Building A Better Tomorrow - Leveraging Project Management". If there is one industry that encompasses all the challenges in Project Management that can certainly be the E&C Industry. The challenges span from capturing the ever changing customer expectation, managing the work contracts, especially the contracted work force (the construction workers who often would say they are just building the 'wall' and not the metaphorical 'cathedral'), and the gripping focu...