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Project Management

Project Management
Meticulous Project Management Fundamental Aspect of a Project: Planning is the fundamental aspect of any management system as it sets the direction or pathway, which the firm has to follow in order to accomplish the goals and objectives of an organization. In a project management or a process management, planning is the key function followed by preparation of a proposal or a report that analyses and defines the resources necessary to carry on the project. This project report can then be sent for evaluation by an expert consultant to determine the feasibility and viability of the project.   Organising to Get the Desired Result: A project undertaken has to be meticulously planned and organized to achieve the desired result in the given time frame. One has to understand that a project differs from a process in that, it involves fixed time fame and cost frame.Say,for instance, your firm is rewarded with a project to design ERP solutions for a big corporate company. What will be step one? You will try to gather all the details regarding organization structure and hierarchy, people involved and their designations, availability of physical resources, whether the corporate firm is technically equipped, product portfolio, strategic business units and their viability, distribution channels and so on., As one is aware, enterprise resource solution software integrates production, marketing and human resource departments to facilitate even flow of information and quick execution of orders without any time delay.   Picture Courtesy: Project Management and Leadership Champions Data Collection: Data collection is inevitable and has to be precise to attain your set goals. The next logical step will be deciding the time frame and allocating resources (human and other physical resources) to carry on the project. If you feel that the delivery deadline cannot be met with, you have to immediately inform your sponsors about the time delay and extend your time frame for the project to materialize. On -Time Delivery: Projects that involve production and delivery of goods depend on the manufacturing cycle time and delivery lead time. Implementation becomes a cake walk if your business plan has incorporated, 1) well laid down step by step procedures, 2) leverage for uncertainty in the external environment and 3) focus on proper communication. Communicating the entire project plan as per the intentions to the people concerned is very vital for the success of a project, because people should understand, what needs to be done, what is one’s role, and the strategies evolved by the management. PERT and CPM: Program evaluation and review techniques (PERT) and critical pathway method are some of the tools that help in ascertaining the progress rate of projects. These tools help in identifying specific milestones and activities that are to be carried out in a sequential manner and also to estimate the time required for each activity, with a help of a network diagram. A very interesting and simple video explaining how to determine project duration using critical path…. https://www.youtube.com/watch?v=4oDLMs11Exs Success of a project management is determined by Decision making ability Communication skills Negotiation techniques and Time management skills, of the project manager and also depends on how well it protects the interests of the stakeholders involved. A project is a comprehensive team effort with the budget and time well within the scope of the...
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Man Power Planning

Man Power Planning
MAN POWER PLANNING What is the meaning of man power development? This involves an accurate determination of the present and future man power needs of the enterprise. Also the assessment of the right kind of organization structure both present and projected which determines the number and kinds of managers and workers required, is called for.     ELEMENTS OF MAN POWER PLANNING:     1. Present Man Power Position Analysis: An assessment and evaluation of present man power position is the first step in the process which involves  data collection pertaining to name, age, educational qualification, training experience, specialized skills of the employees. This is done with the help of a man power inventory chart.   2. Man Power Inventory Chart: a) An overview of the present staffing situation of the company is known b) Prospective persons for promotion can be identified c) Future internal supply of human resource can be found out d) Lack of performance is pin pointed and either people can be replaced or trained suitably e) People on the verge of retirement are identified and plans are made to recruit suitable people to replace them f) People whose promotion is overdue but not implemented due  to internal politics can be identified and justice can be done by the management.     Pic Courtesy: SuccessFactors   3. Job Evaluation and Job Analysis: Job evaluation is a process to rate a job in the order of hierarchy and laying down specifications needed to carry out that job. This would high light the following information a) The nature of work done by the work force b) The method employed by them to do it c) The skills, education and training required to do it d) How a particular job is related to other jobs e) What are the physical environmental conditions to accomplish the task effectively After careful analysis a neat job description can be prepared for each job which would cover the following details.   4. Job Description: a) Name or title of the job b) Nature of duties and operations to be performed c) Authority, responsibilities and accountability d) Necessary qualification i.e., education, skills, training, experience etc.     Pic Courtesy: Indiamart   5. Assessment of Long term and Short term Goals: The goals whether short term or long term is decided by the market demand, and sales forecasts. Determining these goals gives the company a clear picture as to where it is headed for in the future and the kind of man power requirement to satisfy the enterprise objectives.   6. Demand of Supply of Personnel: The demand for Labor is very high as we all know and it is  inevitable for the organization to keep track in terms of man power inventory and requirement of present and future. You cannot hire any X, Y OR Z for a particular job. Inter departmental transfers can provide a temporary solution if a void is created for a specific position but it will not work out in the long run.   “The ultimate objective of man power planning is to fill the demand and supply...
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