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Projects & Profits


March' 07
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Total Solution with OPM - EPM and Project Management
Project Portfolio Management : The Growth Driver
Chief Project Officer : Aligning Projects and Profits
     
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The Strategic Role of Project Management

- - Don J Wessels

Nowadays, organizations use project management as a tactical tool to execute projects. Projects are essential to the growth and survival of organizations. They create value in the form of improved business processes, are indispensable in the development of new products and services, and make it easier for companies to respond to changes in the environment, competition and the marketplace.

Twelve Requirements Basics for Project Success

- - Ralph R Young

The article discusses a set of twelve requirements basics; these recommended approaches will contribute to a project's success. The requirements basics are based on industry experience guidance from requirements-related books, articles, and websites; and the author's involvement with projects. capacity.

Ten Steps to Better Requirements Management

- - Telelogic

This article explains the characteristics of a "good" requirement and presents ten steps to better requirements management.

Protecting Intellectual Property and Regulatory Compliance during Development Collaborations

- - John Avellanet

New product development collaborations in the biopharmaceutical industry is a dual-edged sword, fostering innovation and speeding time to market while risking intellectual property loss and compromising regulatory compliance. Use the six simple tactics, discussed in this article, to increase your intellectual property protection and improve your compliance capacity.

Total Solution with OPM - EPM and Project Management

- - Angyan P Jagathnarayanan

The article explores the benefits/possibilities of using OPM-EPM in business enterprises to assess and plan for improvement in Project Management in the future. It offers a clear idea about portfolio, program and project management working towards an enterprise-wide project management or enterprise project management.

Article Price : Rs.50

Project Portfolio Management : The Growth Driver

- - V Venkateswara Rao

Organizations are managing their multiple projects by using the Project Portfolio Management (PPM) tool which is helping them in terms of business value and adherence to overall strategy.

Article Price : Rs.50

Creative Project Accounting

- - Neville Turbit

Project accounting is one of the least exciting parts of project management. It is also usually a minefield of issues relating to reconciliations and administration. This article is an attempt to think outside the box and look at some non-standard accounting practices that might make project accounting more effective.

Chief Project Officer : Aligning Projects and Profits

- - A Anand

As companies face a complex and tough business environment today, ensuring the success of their projects requires establishing the position of Chief Project Officer (CPO). A CPO can act as a channel of communication between the Chief Executive Officer (CEO) and the project team, and help ensure the alignment of the objective of project management with the overall objective of the organization.

Article Price : Rs.50

Undertaking a Successful Project Audit

- - Michael Stanleigh

The purpose of a project audit is to identify lessons learned that can help improve the performance of a project or improve the performance of future projects. This article provides a phased approach to completing a project audit successfully.

A Maturity Model That's Right and Ready : OPM3 - Past, Present and Future

- - Lynda Bourne

This article explores three inter-linked areas: The major elements of the OPM3 knowledge, assessment and improvement; the main aspects of the OPM3 business model: assessment, consulting, training and benchmarking; and the enhanced functionality provided by the OPM3 ProductSuite inassessing an organization's maturity, planning a path to improvement and measuring the effectiveness of the improvements.

 
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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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