February 2018

Did you know?

February 2018
Did you know? Q : This theory helps understand when you are equally challenged and enjoying your work? As Project Managers (PM) this is the stakeholder we like best, easy to deal with. A PM can always walk up to him and have a fact based candid conversation without sweat. In a meeting, he will look closely at the dashboard, swiftly identify the variances and ask if any corrective actions are planned or being taken up. He is non-interfering and gives freedom to operate. The best is he does not get swayed by others opinion. A : Flow Theory, discovered by psychologist Mihaly Csikszentmihalyi names the feeling of complete and energized focus in an activity, with a high level of enjoyment and fulfillment. As Csikszentmihalyi sees it, the components of a Flow producing activity are: When the c...

PMI Bangalore India Chapter – Member’s Speak

February 2018
PMI Bangalore India Chapter - Member's Speak One of the reason I joined Bangalore chapter is to get PDU credits. For Project Managers like us PMI Bangalore Chapter provides good networking opportunities - Mrs. Anubha, Project Manager, Society General After having established in Business and IT, I would like to explore PM areas, learning opportunities hence I joined PMI Bangalore chapter - Dr. Bolisetti Batheiah, Group IT Head, Embassy Group I need to complete my PMP Certification. Learnt that PMI Bangalore chapter (PM Quest) provides required support - Mr. Naveen Bhalla, Manager – Operations, CISCO PMP Certification is next on my To-Do list. Joined PMI Bangalore chapter, as I learnt they provide required help or guidance to complete my PMP Certification - Mr. Nihil Bhandari, ERP Consulta
PM Member’s Corner

PM Member’s Corner

February 2018
PM Member’s Corner We welcome all new members and thank members who have renewed their membership in January 2018. Appended is the list of a few FREE web-based seminars (webinars) for February 2018, we have shared same list to your registered email; this is a good opportunity to earn PDUs to maintain your credentials. S.NoDateTime in ISTDescription 1. 7-Feb-18 10:30-11.30 pm How to Align Projects with Strategic Direction 2. 8-Feb-18 12:30am-1.30 am Exceptional Sponsorship: The Key to Phenomenal Success 3. 8-Feb-18 10:30-11.30 pm Rescheduled: Agile Software Development from the Product Owner Perspective 4. 14-Feb-18 10:30-11.30 pm Use Games to Build Your Agile Project Teams 5. 14-Feb-18 10:30-11.30 pm 5 Rules for Decision Making Using the 80/20 Principle 6. 16-Feb-18 12:30a

As a PMI Member One Can Enjoy Multiple Benefits:

February 2018
As a PMI Member One Can Enjoy Multiple Benefits: PMI membership includes many free resources that can help you power your career and earn valuable PDUs. 1000+ tools, templates and webinars 4 virtual events each year Discounts up to 30% off live events, online courses and popular books in the PMI Store Networking with project managers around the world PMI membership includes free access to these digital publications: PMBOK® Guide (available in 12 languages) 19 digital editions of the PMI Standards 57 digital editions of PMI-published books Happy Learning and earning PDUs!!! Feel free to revert for any further clarifications
The Good, The Bad and The Ugly Stakeholders

The Good, The Bad and The Ugly Stakeholders

February 2018
The Good, The Bad and The Ugly Stakeholders - V. Padma 'The Good, The Bad and The Ugly' a classic spaghetti western that brought to fore three contrasting personalities on a mission akin to a project; a great example of stakeholders with the same objective, but with contrasting approaches to achieve it. Mr. Good is the smart one, always does the right thing. This guy is goal oriented and works with a strategy up his sleeve. When needed, he can collaborate with any person, without losing sight of the goal. A trustworthy, non-political and supportive person. He has information and knows when to use it for advantage. This keeps others in check. As Project Managers (PM) this is the stakeholder we like best, easy to deal with. A PM can always walk up to him and have a fact based candid conver...
ERG Motivation Theory and Implications for Managers

ERG Motivation Theory and Implications for Managers

February 2018
ERG Motivation Theory and Implications for Managers - Suparna Kapoor One of the most challenging task for Managers and Leaders is to ensure that people and team members are more productive and stay motivated enough to actually get things done as per the organizational and project requirements. Social scientists have been studying motivation for decades, trying to find out what motivates our behaviour, how and why?. Dozens of theories of motivation have been proposed over the years. Some of the popular ones are Maslow's hierarchy of needs, the two factor or hygiene theory by Hertzberg, Theory X and Theory Y by Douglas McGregor , ERG Theory, Equity Theory, Vrooms Expectancy theory etc. For the purpose of this article we will look only at the ERG theory and explore how it has an impact on e...
Managing in a Changing Business Environment

Managing in a Changing Business Environment

February 2018
Managing in a Changing Business Environment - K. Murugesan VUCA World The term VUCA originated with the United States Army War College to describe conditions resulting from the Cold War. VUCA stands for Volatile, Uncertain, Complex and Ambiguous in the domains of Business, Politics and Defense etc. The last decade witnessed a great saga of VUCA in the business environment. The complex geo political developments across the globe, volatile financial markets in developed and emerging economies which has the ripple effects across the world, ambiguous protectionist policies adopted by nations and uncertain technology innovations are the factors which drive the VUCA environment in the Business landscape. To manage the VUCA effect, organized Information is a new commodity which is most sought a...
Organizational Agility

Organizational Agility

February 2018
Organizational Agility - Indrani Roy The business environment is fast changing. Organisations, to survive and be competitive in such a dynamic environment must be flexible and adaptive; in effect be agile. Organisational agility is this character in an organization that prepares it to remain relevant in the midst of change by changing itself. Needless to say, it is more relevant to long standing Organisations as opposed to 'startups' which by definition and structure are agile. Organizational Agility is the ability of an enterprise to: The higher the organizational agility, the higher the chances of efficiently addressing the challenges thrown in by new rivals, new technologies, and dynamic market environments. As the marketplace is not as stable as before, ignoring the trending project ...
Chapter News February 2018

Chapter News February 2018

February 2018
Chapter News Capt. L. N. Prasad PM Footprints:During the month of January 2018, two PM Footprints session were held. On 4th January 2018, Ms. Rupali Dash, Managing Director of Base for Innovation Research Design Support and Sustainability (BIRDSS World), spoke on the topic "Industry and Academia: Why Collaboration" On 18th January 2018, Dr. Asoke Talukder, Chief Science Officer, Vibrant Health Ltd., spoke on the topic "Project Management Challenges in Big Data Analytics". Both the talks were well attended and received. E&C PM Footprints: The Footprints session of the E&C forum was held on 20th January 2018. Mr. Alastair Stubbs, Country Manager, Humanscale, spoke on the topic "Designing Healthy Work Environments". During the Second session, Mr. M S Hiremath, an Independent Cons...
Editor’s Note February 2018

Editor’s Note February 2018

February 2018
Editor's Note Dear Readers, India won the third test match in South Africa at Wanderers stadium, having lost the first two matches, the final result was 2-1 in favour of South Africa. Let us step back in time. The Indian team was on cloud nine with 8 consecutive series wins since 2015. Winning series after series on home turf notably against opposition like South Africa and Australia. The wickets in South Africa were a different cup of tea. With the ball bouncing and seaming the batsmen were all at sea. The first test was a sad sight, seeing the star studded Indian batting lineup playing and missing. The second test was suicidal on a wicket that was typically subcontinent. What does this teach us from Project Management perspective? Let us superimpose the Project Management fra...