October 2017

 
Editor’s Note October 2017

Editor’s Note October 2017

October 2017
Editor's Note   Dear Friends, Greetings! Mumbai recorded 468 mm of rainfall in twelve hours, the highest in a day in August since 1997. Transport systems were unavailable through parts of the city as trains and roadways were shut. Power was cut-off from various parts of the city to prevent electrocution. Bangalore was not far behind and experienced a similar situation. It received 128.7 mm of rainfall on 14th August 2017, the highest in a day since 1890. It also wrecked massive havoc to the fragile infrastructure bringing the city to a virtual standstill. Are there any lessons that Project Management Professionals can learn from these not-so-natural events in Mumbai and Bangalore? Maybe there's a lesson in planning? Or was it the poor execution of a weak plan that took thi...
Member’s Corner October 2017

Member’s Corner October 2017

October 2017
Members Corner We welcome all new members and thank members who have renewed their membership in September 2017. Appended is the list of a few FREE web-based seminars (webinars) for October 2017, we have shared same list to your registered email; this is a good opportunity to earn PDUs to maintain your credentials. 1. 03-Oct-17 1:00 PM EDT How to Innovate with Sustainability Goals in Mind 2. 03-Oct-17 02:00 PM EDT NextGen Business Competencies For PMs And BAs Part 1: Insight 3. 04-Oct-17 02:00 PM EDT How to Inspire Change Capability - RESCHEDULED 4. 09-Oct-17 12:00 PM EDT Cyber Security and Project Management - Same Processes, Same Result? 5. 10-Oct-17 02:00 PM EDT NextGen Business Competencies For PMs And BAs Part 2: Decisions 6. 10-Oct-17 12:00 PM EDT Changing Your Approach to Non-C...
Member’s Speak October 2017

Member’s Speak October 2017

October 2017
Member's Speak • Educational events hosted and facilitated by PMI Bangalore chapter keeps us updated with latest trends - Mz. Jayashree Srinivasan,Sr. Engineering Program Manager, Ex. Sun Micro Systems • Bangalore Project management Chapter gives us an opportunity to learn, also assists in PMP certification, hence I joined the Chapter - Manendra Jain, Program Manager, Honey Well • There are an ocean of opportunities available once you become Bangalore chapter member. I would love to volunteer in their activities to learn and grow - Mrs. Yavanthi Shivakumar, Delivery Head, iPrimtus • Immense learning opportunities, and particularly w.r.t to networking, this is chapter you need to be associated with - Mrs. Ramya M, Program Manager SAP • Best place to be associated with, in case you are purs
Did you know? October2017

Did you know? October2017

October 2017
Q.  This is the term used in Aviation Project Management to signify that the aircraft is ready to be used commercially. A.  EIS or Entry Into Service in Aviation Project Management signifies the end of the development process, when the aircraft is ready for delivery to customers, and induction into commercial service. For an aircraft to reach this stage, there are multiple hoops to jump through, and it generally involves a dedicated PMO working hand-in-hand with multiple internal development teams and vendors - from avionics, to engines and fuselage, and even training design and simulation. EIS also depends on the National Aviation regulatory body approving the aircraft and the training, as well as certifying the operating airline if it's a commercial operation. Professional En...
PM Article – Moving from Corporate Strategy to Ground Reality

PM Article – Moving from Corporate Strategy to Ground Reality

October 2017
  Moving from Corporate Strategy to Ground Reality -Suchitra Mishra "However beautiful the strategy, you should occasionally look at the results" – this famous quote by Sir Winston Churchill often comes to my mind when I participate in strategy presentations. Multiple business surveys have revealed that more than 60% of corporate strategies never end up getting executed.  The best thinkers and strategists could come together and create a superb vision for an organization but it remains just that. A recurring dream – if not followed by flawless execution. But that's not an easy task especially in the volatile business environment, global complex organization set-up with diverse employee base and non-hierarchical organization structures. All the different threads that makes up
PM Article – Integrating Customer Experience Management in Project Management

PM Article – Integrating Customer Experience Management in Project Management

October 2017
  Integrating Customer Experience Management in Project Management   -Prakash Hegde “The curtain is about to rise on the Experience Economy in which every business is a stage and organizations must design memorable experiences for which they charge admission”- Pine & Gilmore With the advent of heightened consumerism, enabled by digitalization, the delivery of consistent, predictable and memorable experiences is the new “deliverable” for Project Managers.  According to Joseph Pine, we are now witnessing a new economic shift. A shift to an “experience economy”. Centuries ago we had the “agrarian economy”. With the invention of power, equipment and machinery, the source of economic value shifted to a “goods-based Industrial economy”. Organizations than started offering
PM Article – A Six Sigma (DFSS) Approach for Quality by Design

PM Article – A Six Sigma (DFSS) Approach for Quality by Design

October 2017
A Six Sigma (DFSS) Approach for Quality by Design -K. Murugesan Six Sigma Philosophy Six Sigma is the application of scientific methods to the design and operation of management systems and business processes. It was introduced by engineer Bill Smith while working at Motorola in 1986. Six Sigma focuses on reducing variation in systems, processes and products, defect prevention and cycle time reduction all of which directly impacts the bottom line of a business. Sigma (σ) is a statistical term that measures the variability in any product or process. Six Sigma aims for a process to be 99.99996% defect free. In other words, a process which results in less than 3.4 defects per million opportunities (DPMO). DMAIC Vs DMADV Six Sigma is generally implemented with two methodologies i.e., DMAIC
PM Article – 4Ps of App Shopping

PM Article – 4Ps of App Shopping

October 2017
4Ps of App Shopping -Jessie Paul Myntra, one of India's leading fashion ecommerce sites (owned by Flipkart) has gone App-only. While that is too extreme a step for most marketers, fact is that sales through apps are rising and are likely to be a large retail channel. Many established retail chains like Shoppers Stop and Future Group are hopping to ecommerce with mixed success. Why? Because they are used to the traditional 4Ps being a factor for each sale. For those of you who grew up with post-Kotler text books the 4Ps are Product, Place, Promotion and Price. If the product is the same then online shopping makes it incredibly easy to find the lowest price and purchase it. Marketers are of course under pressure to offer the lowest possible price and many are indeed in that downward spir...