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Projects & Profits

October '07
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PM Speak
Role of Time Boxing in Iterative Software Development Projects
Risk Identification : The Roadmap
Accidental Project Manager : Results and Repercussions
Managing Small Projects : Do's and Don'ts
Creativity : A Strategy to Forge Ahead in PM
     
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PM Speak

--O Arivazhagan, PMP, SSGB, Interviewed by Amit Singh Sisodiya, Lakshmi Narayana Kari

"With more and more projects being outsourced to Indian companies, managing negative risks or threats in such projects has turned out to be a challenge to the Project Managers."

Article Price : Rs.50

Pipelining Your Project

-- John C Goodpasture

Most of the project scheduling is a waterfall finish-to-start task that is much like a flow along a pipeline and that is the analogy that this article develops. Measures can be for the volume, rate of arrival, resources consumed, date of arrival, etc. Examples include: Writing and obtaining approval of various documents for design, test and validation and running tests or inspections or validation on design, development or production results. We show how the simple spreadsheet grids of data values can provide an easily understood tool for measuring the accumulation of deliverables and earned value along the pipeline.

Leaning towards Lean IT : Maximizing Business Value and Enhancing Productivity

--Suresh Malladi

Lean approach to project management helps in identifying the waste in the project life cycle. Eliminating the non-value- added activities will improve the agility in addressing the customer expectations and changing requirements. The sole focus of Lean is the customer satisfaction and any activity that does not help the customer is considered as a waste. Organizations have to map their project value-streams and remove such non-value-added activities, though they may appear to be beneficial to the organization. Activities beyond the mere project life cycle should also be considered and corrected to create an agile and valuable business partnership with the customers.

Role of Time Boxing in Iterative Software Development Projects

--PS Sarath Chandra

Time boxing is a simple technique, most frequently used to supervise and plan time in software development projects. The best part of time boxing strategy is that it holds quality aspect as constant and at the same time decreases scope to meet the schedule without any glitches.

Article Price : Rs.50

Conflict Management : Challenges for Project Managers

-- NK Senthilkumar

The goal of this article is to provide project managers and team members with conflict management information that can be beneficial both in personal and professional life. Some people opine that conflict is a topic that should not be discussed and that any project should not engage in conflicts for any reasons. But, this may not be possible because a project involves many stakeholders and cross functional teams. Hence, conflict management is one of the essential traits a project manager needs to run the project.

Applying Earned Value and Earned Schedule to Project Management

--Walt Lipke

When should a manager take appropriate action to correct any project which is not properly carried out? What should he do? How does a manager know his action is sufficient? These are age-old questions. A poor outcome is a definite result if the manager's decision and action are not appropriate. This article discusses the questions and the manager's considerations. It concludes with the description of the decision logic diagram linking project performance with other factors to the possible management actions.

Risk Identification : The Roadmap

-- Sanjoy De

Risk is inherent in all projects. But the most important thing is to identify those risks and adopt the risk mitigation programs accordingly. Unless the risks are accurately identified, all the subsequent efforts to control them go in vain. This article focuses on risk identification and the techniques used to identify those risks.

Article Price : Rs.50

Project Estimation : A Practical Approach

--L Ramamirtham and P Srikanth

A project involves any endeavor undertaken by an organization for the production of a product or service. Before it gets commissioned, a project has to pass through various stages right from the estimation stage. This estimation involves not only the assessment of the fund requirement for a project but also its financial viability. The present article discusses the practical aspects involved in preparing an estimate for a project. It deals with important aspects which have to be considered in such an exercise. It throws light on the blockages in such a task. The article also provides a practical guide for the preparation of a project proposal and also various schedules which need to be included in such a proposal.

Accidental Project Manager : Results and Repercussions

-- Annam Anand

In today's competitive environment, accidental project managers prove to be misfits for lack of expertise. This leads to continued project failures. This article highlights some of the skills like leadership, communication, team building, etc., which are a must for effective project management.

Article Price : Rs.50

Managing Small Projects : Do's and Don'ts

--N Vijaya Lakshmi

Small projects cannot be managed in the same way as large projects. Small projects need a different approach, however, with some inputs from standard project management. This article explores the framework for managing small projects along with some do's and don'ts.

Article Price : Rs.50

Creativity : A Strategy to Forge Ahead in PM

-- Siba Prasad Pothal and Srikanta Kumar Padhi

In today's complex business world, success belongs to projects which stay away from the practice of repeating the same patterns by emphasizing on creativity to reach their preconceived goals. This article is an attempt to show a number of technical factors that foster creativity in different projects. Project leaders who are supple in thoughts and are confident to go ahead in a new direction, are the real pioneers of successful projects.

Article Price : Rs.50
Global Executive Summaries
  • Managing Project Transformation in a Complex Context
    Full Text: www.blackwell-synergy.com
 
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Automated Teller Machines (ATMs): The Changing Face of Banking in India

Bank Management
Information and communication technology has changed the way in which banks provide services to its customers. These days the customers are able to perform their routine banking transactions without even entering the bank premises. ATM is one such development in recent years, which provides remote banking services all over the world, including India. This paper analyzes the development of this self-service banking in India based on the secondary data.

The Information and Communication Technology (ICT) is playing a very important role in the progress and advancement in almost all walks of life. The deregulated environment has provided an opportunity to restructure the means and methods of delivery of services in many areas, including the banking sector. The ICT has been a focused issue in the past two decades in Indian banking. In fact, ICTs are enabling the banks to change the way in which they are functioning. Improved customer service has become very important for the very survival and growth of banking sector in the reforms era. The technological advancements, deregulations, and intense competition due to the entry of private sector and foreign banks have altered the face of banking from one of mere intermediation to one of provider of quick, efficient and customer-friendly services. With the introduction and adoption of ICT in the banking sector, the customers are fast moving away from the traditional branch banking system to the convenient and comfort of virtual banking. The most important virtual banking services are phone banking, mobile banking, Internet banking and ATM banking. These electronic channels have enhanced the delivery of banking services accurately and efficiently to the customers. The ATMs are an important part of a bank’s alternative channel to reach the customers, to showcase products and services and to create brand awareness. This is reflected in the increase in the number of ATMs all over the world. ATM is one of the most widely used remote banking services all over the world, including India. This paper analyzes the growth of ATMs of different bank groups in India.
International Scenario

If ATMs are largely available over geographically dispersed areas, the benefit from using an ATM will increase as customers will be able to access their bank accounts from any geographic location. This would imply that the value of an ATM network increases with the number of available ATM locations, and the value of a bank network to a customer will be determined in part by the final network size of the banking system. The statistical information on the growth of branches and ATM network in select countries.

Indian Scenario

The financial services industry in India has witnessed a phenomenal growth, diversification and specialization since the initiation of financial sector reforms in 1991. Greater customer orientation is the only way to retain customer loyalty and withstand competition in the liberalized world. In a market-driven strategy of development, customer preference is of paramount importance in any economy. Gone are the days when customers used to come to the doorsteps of banks. Now the banks are required to chase the customers; only those banks which are customercentric and extremely focused on the needs of their clients can succeed in their business today.

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