Harold Kerzner talks about Future PMO @ PMI Project Management Conference

Mr Harold Kerzner initiated a discussion on Future Project Management Office – A Value driven approach for Key stakeholders

Share of Projects using Project Management software is less than 35%. There is a shift of trend towards more non traditional projects being executed under current business conditions.  Unlike in Traditional projects where the focus is only on the Triple constraints , in non traditional project there is an additional parameter focus on triple constraint +Value

The shift of Contractor Expectations is towards Long term strategic partnerships (Engagement Expectations).Each project is seen as a collection of values scheduled to attain corporate objectives.  Statement of Work ( SOW ) is subject to numerous changes in current PM’s with multiple stake holders.  Unique value driven KPI (Key performance Indicators) are enumerated.  Flexible “Fluid ” PM methodology adopted.  There is a demand for Real time reporting  of Project progress. Managing multi stakeholder expectations.  All this is illustrated as a matrix.

Governance>>Dashboard Design>>Key Performance Indicators>>Measurement>>New Success criteria

With this there is a Multiple definition of success of a project (each customer / stakeholders have different definition). This demands the need for Creation of customer satisfaction Index.  that can be measured occasionally on the project.  Metric driven PM will be the future.

Project failure is bound to happen when linear thinking is adopted and  when Methodology doesn’t not allow out of box thinking.

Newer analyses tools like Different Value analyses – Intellectual Cap valuation. Intellectual Property Scoring , Balanced Score Card method, Future value management, value management methodology to take customer engagement to a higher level.

Project management reports like Forecast reports >>Status Reports>>Progress Reports help in monitoring how projects progress in future.

Forecast Reports tend to capture data point and parameters like  >> Time @Completion, Cost @completion.

The entire session was so informative and good perspective of what project management will be in the future.

PMI Project Management Conference 2009 – Day 1

The Theme for this year’s Conference is ” Unleash The Power of Project Management of a better Tomorrow “. organized by PMI India along with PMI TEAM INDIA (7 PMI chapters of India) hosted by Pearl City Chapter, Hyderabad.

PMI creates history in Showcasing the best Projects in the Indian Subcontinent and the convergence of best of talent to share the cutting edge practices in Project Management. Of the 12000 certified Project Management Professionals from India, the conference has a foot fall of more than 700 of them at the Venue which is a very impressive number. The Name badges had different color bands to indicate the Project Management Qualification of each delegate thus facilitating breakout conversations among the peer group.

Anything @ HICC is a pompous affair and PMI PMC was no exception. Starting with the traditional Kuthuvilakku (lighting of Lamp) by the distinguished chair and political blessings from the honorable Chief Minister Shri Rosaiah, it had all the making of Showcasing what India is all about to the distinguished global audience.

Welcoming the delegates, Mr Raj Kalady, Managing Director PMI India was all praise for the “awesomeness” of the Event.PMI India team drives excellent coordination between volunteers of 7 different Chapters to ensure that the pre event coverage is extensive across industry and Project Management practitioners. In-spite of their day jobs all the volunteers draw synergy to make this event a grandiose success .

Mr V Srinivasa Rao, Chairman PMI India Team talks about how Mahatma Gandhi through his philosophy of ” Resistance through non-violence ” was able to successfully execute the greatest project of Delivery Freedom for India. He also cited examples of post independence projects like the space research programmes and . Successful Projects are not just about translating profits / bottom-lines but about impacting social change . There is a major need for Project management competency in India.

The Keynote was delivered by Mr Jagdish khattar, Former MD, Maruti Udyog who talked about how Maruti brought transformational change in the Automobile business landscape in India. He was all praise for the lessons we Indians learnt associating with japanese (Suzuki) The corporate mantra of Project management at Maruti Udyog was Plan – Plan – Execute -Plan more .

Mr Peter Monkhouse , Director At-Large PMI Worldwide, talks about Project Management as a Strategic Catalyst for transforming India. He showcases Indian success stories like Delhi Metro Rail Project and TATA Nano and how they stand setting precedents for more successful projects to come. Incidentally TATA NANO was awarded PMI’s Business Process Award on 30th Oct 2009 at London. Recent global survey conducted with employers on “What Skill is the most important in Staff ? ” the top answer was ” Project Execution”. The Key value drivers in India Economy was the advancement of the Baby boom generation and the incoming workforce being smaller and more demanding. This also resulted in increasing demand even on global downturn. PMI India today boasts of 12000 certified professionals with more than 16% growth (Second largest in the world). 20 years back we had just 20 PMI professionals here.

Mr Steven Fahrenkrog, VP, PMI USA recalled his Indian experience . Vote of thanks was delivered by Mr Suresh Chandra, President PMI Pearl City Chapter thanking the 7 coordinating chapters for the success of the event. As soon as I came to the venue I met with Mr Arun Kiran Ponnekanti, who heads Corporate communications and Brand Management for PMI PMC. After a 10 minute discussion we got to work on updating the Social Media tools like Twitter ( #PMIPMC ), Facebook and Youtube with minute by minute live updates.

Incidentally i am at the HICC at the same place exactly a year ago (2008). I was invited by NiXi(National Internet Exchange of India) as a Internet Governance Research Fellow to IGF 2008 and here i am a year later as part of PMP sharing notes with the peer group. Look forward to 2 more exciting days with PMI Team India. Good Nite folks !

L&T Award Ceremony for Distinguished Project Award