Published on March 5, 2014
A project is a job that has to get done. It has an identifiable end-point. Typically a project refers to a set of interrelated activities, usually involving a group of people working together on a one-time task for a period. Time is the essence of a project.
The life cycle of a typical project comprises four distinct phases:◦ ◦ ◦ ◦ Planning Build-up Implementation Phase-out Each phase has its own set of objectives, activities, tools, and skills.
What is Project Management? The Project Manager needs to recognize the objectives, prepare for the activities, and use each set of tools and skills as needed. In brief, Project Management is a set of principles, methods, and techniques to establish a sound basis for scheduling, controlling, and modifying a project.
Differentiation Between A Task and A Project A Manager, day-in and day-out handles either tasks or projects. In a task, objectives are clear, the methodology is established, resources are well allocated, outputs are defined, and the timeline is fixed. On the other hand, in a project while the objectives are clear and the timeline is fixed, the rest of the factors are rather fluid.
Differentiation Between A Task and A Project Therefore, a project throws-up more and complex challenges to a Manager. Handling these challenges, and surmounting them brings out the best in a Manager and differentiates ‘the good and the mediocre’.
Differentiation Between A Task and A Project It is roughly estimated that the work of a Manager involves 80% of tasks and 20% of projects. Whereas, in terms of timeline, a Manager spends 80% of his time handling projects and the rest in carrying out his tasks. Thus, developing the required capacities in handling projects is vital for a manager to succeed.
Role of Material Management in PM There are two critical areas that many Managers overlook, and they are often the root cause of project failure. These two project management tools are:◦ Management of suppliers, and ◦ Control procurement.
Role of Material Management in PM Management of Suppliers:◦ Always make sure you appoint suppliers through a formal process. ◦ Even if you are appointing suppliers you know and have worked with for sometime, always create a statement of work with your project management tools which defines the exact scope of work that you wish them to perform.
Role of Material Management in PM Management of Suppliers:◦ Create a formal detailed supplier contract for the scope of work to be completed. ◦ In your contract, have milestones which specify what it is that you expect them to have delivered and by when.
Role of Material Management in PM Control Procurement:◦ A PM has to monitor & control the procurement of goods and services from the suppliers. ◦ Controlling procurement is all about reviewing and accepting goods and services once they have been delivered by the supplier.
Role of Material Management in PM Control Procurement:◦ Always make sure that you issue purchase orders for products you require from suppliers. ◦ Create a detailed description of the product you require on the purchase order, so that you have something to measure against when it arrives.
Success Rate of Projects In India The following statistics highlight the success rate of project execution in the Indian context:◦ India has targeted to invest US Dollar 500 billion in infrastructure by the end of the 12th plan period. ◦ However, the country has consistently fallen short of meeting such targets. ◦ It is estimated that the average rate of awarding projects has been around 70% of the planned rate. ◦ Further, as per the government data it is estimated that a majority of projects, close to 60%, suffer from time and cost overruns.
Success Rate of Projects In India Inefficiencies in implementing infrastructure projects in India occur at all stages. This includes:◦ Awarding projects as per plan targets ◦ Securing financial closure ◦ Executing projects with in cost and time.
Success Rate of Projects In India If the current trend continues, it is estimated that India could suffer a GDP loss of US Dollar 200 billion, that is around 20% of its GDP. In addition, could lose up to US Dollar 160 billion as the industrial productivity gets impacted for lack of infrastructure.
Success Rate of Projects In India ◦ It is estimated that the losses that accrue at various stages are as below: Because of shortfall in awarding projects as per plan could result in net US Dollar 100 billion loss to the GDP. Time and cost overruns in project execution could lead to another US Dollar 80 billion loss. Capital constraints may account for a loss of US Dollar 20 billion.
Success Rate of Projects In India India does not compare favorably with other countries in executing projects. It is estimated that each project suffers from 20 to 25 percent time and cost over-runs. While in some sectors this is as high as over 50 percent. It is this scenario that makes Professional Project Managers critical in the Indian situation.
Developing Project Managers Project Management is both an art and a craft. Some indeed are gifted with the skills of handling projects. But, this advantage alone would not carry them too far in their careers. They too need to hone their skills and acquire newer tools and techniques of Project Management.
Developing Project Managers As Project Management is a craft, Managers can be taught and prepared with the skills, knowledge, tools, and techniques of effectively managing and executing a project. Therefore, it is important for Managers to undergo focused training in Project Management.
Developing Project Managers To ensure that Managers have acquired the required skills and knowledge in effectively handling and executing projects, there is a body, namely ‘The Project Management Institute (PMI)’. The PMI is a world-wide body and is head- quartered in the state of Pennsylvania in the USA.
Developing Project Managers The PMI certifies a Manager as a ‘Project Management Professional (PMP)’. To be a PMP, one has to pass an examination conducted by the PMI. To appear for the PMP examination, a student has to undergo a ‘Certificate Program in Project Management (CPPM)’which entitles him with Professional Development Units (PDU).
Developing Project Managers The CPPM of Brenau University is a Post-Graduate Program. The CPPM can be offered only by Institutions which are accredited by the PMI as ‘Registered Education Provider (REP)’. Brenau University/RIMSR, is one such accredited institution.
Founded in 1878 ~ 3200 Students: ◦ ~ 800 Women’s College ◦ ~ 2400 in Co-Educational 5 Locations Online
4 Colleges Art & Humanities Health Sciences Education Business & Mass Communication US Locations North Atlanta South Atlanta Augusta Gainesville – Main Campus King’s Bay Global Partners • India - RIMSR • Europe • China
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BRENAU UNIVERSITY Accreditation Regional Accreditation By: Southern Association of Colleges & Schools Empowered to award Baccalaureate, Graduate, and Doctoral Degrees & Certifications. SACS is the accrediting body of the Department of Education, Government of the USA and recognized by the Government of India.
BRENAU UNIVERSITY Accreditations The Degrees/ Certifications of Brenau University are recognized in India by the University Grant Commission, Government of India, and the Association of Indian Universities. Accreditation Council for Business Schools and Programs
BRENAU UNIVERSITY Aerial View
The Princeton Review has consistently listed Brenau as one of the "Best Southeastern Universities." For the sixth consecutive year the magazine U.S. News & World Report ranked 133year-old Brenau University among the top 10 best education values in the Southeast. One in top 10 Universities in the United States in the area of Project Management.
Rangnekar Institute of Management Studies and Research (RIMSR), is a dedicated center for quality management education. It is an affiliate of Brenau University, Gainesville, Georgia, USA.
RIMSR is a tribute to Sri Sharu S Rangnekar, a renowned Indian Management Educator
The motto of RIMSR is to cause sustainable development of society through quality education, training and research. It is a professionally managed academic institution known for its good governance and transparency.
The following are the Objectives of RIMSR: ◦ Impart quality management education at under-graduate, post-graduate and doctoral levels. ◦ Establish research facility in management studies. ◦ Instill superior managerial skills, knowledge and attitude in students and researchers to make them efficient and effective managers. ◦ Become a role-model management institution in the country.
To realize these objectives, the institution has a governing council headed by Prof. (Dr.) S. Sadagopan, Director, International Institute of Information Technology, Bangalore and other distinguished professionals drawn from various fields. These professionals provide guidance and oversee the operations of the Institute.
RIMSR’s Faculty • Scholar Practioners drawn from industry, banking, insurance companies, academic institutions, and training centers are the faculty members of RIMSR. • Highly experienced in their areas of specializations with good teaching skills. Faculty members are screened and accredited by Brenau University.
POST-GRADUATE CERTIFICATE PROGRAM IN PROJECT MANAGEMENT
Certificate Program In Project Management 6 months duration Academic work for 24 weeks You get 100 PDUs after completion 240 Hours of Course Work 35 Hours of Project Work Interaction with CEOs, Project Leaders & Key Professionals Soon after completion of PGCPPM, you are eligible to appear for the PMP/CAPM examination
Certificate Program In Project Management ◦ PGCPPM is a fast-track program designed on e-platform. Students get academic inputs at various levels: E-Tutorials – comprehensive, illustrated, and exhaustive content with detailed narrations. Mentoring – Each student is attached to a mentor, who is a PMP himself. The mentor-student connect is vital. E-Books – High quality reading materials are available on virtual platform that could be referred by students without interruptions. Webcasts – By Professors of Brenau University, and faculty members of RIMSR who are accredited by Brenau University. Tete-a-Tete – Interactions with CEOs, and Captains of Industry.
Certificate Program In Project Management Eligibility Criteria Bachelor’s Degree from a Recognized University Grades of C or Higher on English Course at the University Level Official Transcripts from every Undergraduate & Graduate Institutions attended Official Records of Standardized Test Scores, if any
Foundation Courses* ◦ Management Basics ◦ Accounting & FM – Fundamentals ◦ Effective Marketing & Sales ◦ Managing Human Resources ◦ Economics & Statistics Concentration Courses ◦ Principles of Project Management ◦ Project Leadership ◦ Project Best Practices I ◦ Project Best Practices II ◦ Project Practicum * Exempted for BBM/ BBA/MBA/ Mcom students.
PLEASE VISIT WWW.RIMSR.IN
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