November 2017

Member’s Corner November 2017

Member’s Corner November 2017

November 2017
Members Corner We welcome all new members and thank members who have renewed their membership in October 2017. Appended is the list of a few FREE web-based seminars (webinars) for November 2017, we have shared same list to your registered email; this is a good opportunity to earn PDUs to maintain your credentials. 1. 02-Nov-17 10:30-11:30   Demystifying Artificial Intelligence in Your HR & Compensation Technology 2. 07-Nov-17 10:30-11:30  Why Diversity is the Best Solution for Adding to Success First Time & Every Time 3. 07-Nov-17 10:30-11:30  So Now What? What's a Pay-for-Performance and Comp Strategy Without Performance Ratings? 4. 09-Nov-17 11:30-12:30  CyberMicrosoft PPM and Agile: Apples and Oranges? 5. 09-Nov-17 10:30-11:30  How to Adopt a More H...
Editor’s Note November 2017

Editor’s Note November 2017

November 2017
Editor's Note   Dear Friends, Greetings! Kidambi Srikanth demolished Japan's Kenta Nishimoto in straight games to win the French Open Super Series men's singles title. This was his fourth title of the season. Srikanth, seeded eight in the tournament, took just 34 minutes to get the better of his Japanese opponent 21-14 21-13 in the summit clash. In a game that P V Sindhu and Saina Nehwal add glitter, Kidambi Srikanth has emerged a star. The defining moment came in the first set half way, when Srikanth won a series of points giving no opportunity for Nishimoto to make a comeback. The same momentum in the second set sealed the game in his favour. How do sports persons stay on top for a long time? It is not just enough to reach there, there is a constant challenge to excel to...

Member’s Speak November 2017

November 2017
Member's Speak • It is one of the platform for project managers to network, learn and share from peers, and provides an opportunity to actively contribute, hence I joined PMI Bangalore Chapter - Mr. Davesh Pradhan, Program Manager, IBM India Private Limited • Bangalore Project management Chapter provides immense opportunities to volunteer in conducting workshop - Mrs. Saraswati Sivasankar, Program Management, Infosys • For networking across PM connectivity, learning new trends and sharing across, is one of the aspect that influenced me to join Bangalore Chapter - Mr. Bharath Srivatsav, Business Operation, IBM Private Limited •Unlimited learning and networking opportunities in PM domain.- Mz. Aparna Srivastava, Program Manager, HUL • PMI Bangalore chapter is one of the catalysing option, i
Did you know? November2017

Did you know? November2017

November 2017
Q.  This is a crypto theory that denotes a high correlation between the price of a bitcoin and internet search for bitcoin. A.  Satoshi cycle is a crypto theory that denotes a high correlation between the price of a bitcoin and internet search for bitcoin. This term was coined by bitcoin expert Christopher Burniske in August 2017 when bitcoin hit a record high in the market. A probable example for project management could be if a project often comes up in reports, presentations etc. to senior management, its visibility and value will increase in an organization. Bitcoin is a cryptocurrency that was created by Satoshi Nakamoto, and came into existence on January 2009. Towards the end of the year, the currency had an exchange rate of USDBTC 1,309.03 based off the cost of electric...
Chapter News November 2017

Chapter News November 2017

November 2017
Chapter News Capt. L. N. Prasad PM Footprints: During the month two PM Footprints session were held. On 12th October 2017, Mr. Moses Raj, Associate Vice President, Brillio, spoke on the topic "Questions that can make you a better Manager". On 26th October 2017, Mr. Vishwanath Thanalapatti, Vice President, Temenos India, spoke on the topic "Blockchain-Potential use cases". Both the talks were well received and attended. E&C PM Footprints: The Footprints session of the E&C forum was held on 21st October 2017. Mr. Neelaksh Mahajan & Ms. Rajini Itham Mahajan, Principal Architect, VBT Consortium, spoke on the topic "Affordable Housing- An Emerging Realty". The second speaker for the day was Mr. Uday S Prakash & Mr. R Suresha from "Nemmadi". They spoke on the topic “Technol
PM in Non-Traditional Area – Life Lessons Learnt from Kids!

PM in Non-Traditional Area – Life Lessons Learnt from Kids!

November 2017
Life Lessons Learnt from Kids! -Hardy Alexander Lessons learnt is one of the inputs at an early stage in project management. This is certainly helpful. Lessons are not only learnt in projects, life itself is a great teacher. The teacher could be anyone, including children. The lessons that life teaches can be applied to project management with equal success. Let me recount two instances that added to my experience. Everyone learns from every situation - age no bar - provided there is a willingness! Lesson #1: If you have a Goal and work towards it with enthusiasm, success is guaranteed. Last year, as a student of Standard IX my son was nominated as 'Vice-Captain Sports' for his school. He was very excited but at the same time commented that next year (Standard X) he will aim to become ...
PM Article – Evolution of Marketing Management

PM Article – Evolution of Marketing Management

November 2017
Evolution of Marketing Management -K.N. Srikanta We are in the era of 'Marketing'. Everyday. Our daily life is constantly being influenced by the various brands we use. From tooth paste, coffee/tea/water, breakfast cereals, rice, to dresses, vehicles, beds, we are being constantly influenced, by various brands that have now become a part of our life. In this era, it is not just 'products' which are 'marketed'. Events Organizations, Places, Services, Ideas, Information, Properties, Marriages, Birthday Parties, Election Campaigns, are all aggressively marketed. And the list goes on. Without any doubt, 'Marketing' has played a key role in developing and building these 'brands'. The process by which Marketing Management has evolved into what it is today, is a very fascinating subject to st...
PM Article – The Current State of IT Project Failure

PM Article – The Current State of IT Project Failure

November 2017
  The Current State of IT Project Failure   -Priyanka Chakraborty Where do we stand on IT project failures? Are success rates in the industry improving? Frankly, not really. At best, the old rates are holding steady. Let's examine recent scenarios and industry statistics of IT project failure in order to both understand what is going on and also to find ways to buck the trend moving forward. An example of a recent scenario is HSBC:In early-2016, HSBC became the first bank to suffer a major IT outage. Millions of the bank's customers lost access to their online accounts. The bank's CEO – Jack Hackett – citedthe failure of an internal system implementation project which stirred the outage. Current State of Failure Rates - IT Projects As evident from the above scenario, there ar