<?xml version='1.0' encoding='UTF-8'?><?xml-stylesheet href="http://www.blogger.com/styles/atom.css" type="text/css"?><feed xmlns='http://www.w3.org/2005/Atom' xmlns:openSearch='http://a9.com/-/spec/opensearchrss/1.0/' xmlns:georss='http://www.georss.org/georss' xmlns:gd='http://schemas.google.com/g/2005' xmlns:thr='http://purl.org/syndication/thread/1.0'><id>tag:blogger.com,1999:blog-3994696480060883840</id><updated>2012-02-16T14:25:32.371+05:30</updated><category term='Knowledge Management'/><category term='Human Resource Management'/><category term='Time Management'/><category term='PM Tools'/><category term='Scope Management'/><category term='Cost Management'/><category term='Project Failures'/><category term='Risk Management'/><category term='Professional Ethics'/><category term='Contract Management'/><category term='Procurement Management'/><category term='Certifications'/><category term='PM Techniques'/><category term='Program Management - General'/><category term='Planning Process'/><category term='Project Management- General'/><category term='Safety Management'/><category term='Communication Management'/><title type='text'>Project Management Tips4U...!!!</title><subtitle type='html'>PM ThinkPot - A place to get Project Management Practical Tips, Insights, Ideas and Knowledge...</subtitle><link rel='http://schemas.google.com/g/2005#feed' type='application/atom+xml' href='http://pmthinkpot.blogspot.com/feeds/posts/default'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default?max-results=100'/><link rel='alternate' type='text/html' href='http://pmthinkpot.blogspot.com/'/><link rel='hub' href='http://pubsubhubbub.appspot.com/'/><author><name>NITIN SHENOY, PMP, IPMA-D, MICE</name><uri>http://www.blogger.com/profile/03930914299131199980</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='25' height='32' src='http://4.bp.blogspot.com/_mMhecv1tc6Y/ShuLYSIlaVI/AAAAAAAAAE8/gXYFfaPjquo/S220/Copy+of+Nit.JPG'/></author><generator version='7.00' uri='http://www.blogger.com'>Blogger</generator><openSearch:totalResults>56</openSearch:totalResults><openSearch:startIndex>1</openSearch:startIndex><openSearch:itemsPerPage>100</openSearch:itemsPerPage><entry><id>tag:blogger.com,1999:blog-3994696480060883840.post-7954445072551408810</id><published>2009-06-24T17:04:00.003+05:30</published><updated>2009-06-24T17:08:04.092+05:30</updated><category scheme='http://www.blogger.com/atom/ns#' term='Project Management- General'/><title type='text'>What is Project Management Triangle ????</title><content type='html'>&lt;div align="justify"&gt;&lt;strong&gt;&lt;u&gt;Project Management &lt;span class="blsp-spelling-corrected" id="SPELLING_ERROR_0"&gt;Triangle&lt;/span&gt;&lt;/u&gt;&lt;/strong&gt; - An OLD Concept with SCOPE, TIME and COST forming 3 sides of Triangle and Quality at the Centre. All of them being PROJECT CONSTRAINTS...&lt;br /&gt;The Triangle Concept depicted the interdependency of these constraints. i.e scope changes lead to changes in Time, Cost and Quality issues, similar changes in any one constraints affects the others significantly..&lt;br /&gt;&lt;span class="blsp-spelling-corrected" id="SPELLING_ERROR_1"&gt;Modern&lt;/span&gt; Day Project Management have more Project constraints like &lt;/div&gt;&lt;ul&gt;&lt;li&gt;&lt;div align="justify"&gt;SAFETY - Zero Accident Free &lt;span class="blsp-spelling-error" id="SPELLING_ERROR_2"&gt;Manhours&lt;/span&gt;, &lt;/div&gt;&lt;/li&gt;&lt;li&gt;&lt;div align="justify"&gt;Stakeholder Requirements / Satisfaction, &lt;/div&gt;&lt;/li&gt;&lt;li&gt;&lt;div align="justify"&gt;Social &lt;span class="blsp-spelling-corrected" id="SPELLING_ERROR_3"&gt;Responsibilities&lt;/span&gt;, &lt;/div&gt;&lt;/li&gt;&lt;li&gt;&lt;div align="justify"&gt;Legal and Regulatory Requirements, &lt;/div&gt;&lt;/li&gt;&lt;li&gt;&lt;div align="justify"&gt;Environmental Impacts,&lt;/div&gt;&lt;/li&gt;&lt;li&gt;&lt;div align="justify"&gt;Skilled Resource Constraints&lt;/div&gt;&lt;/li&gt;&lt;li&gt;&lt;div align="justify"&gt;Technological Advancements &lt;/div&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p align="justify"&gt;&lt;strong&gt;Hence a present day Project Constraints could only be depicted in the form of a 'n' sided Pyramid based on 'n' Project Constraints under consideration for a given Project with "QUALITY" being the BASE of the PYRAMID.&lt;/strong&gt;&lt;br /&gt;&lt;em&gt;Well, still if your project &lt;span class="blsp-spelling-corrected" id="SPELLING_ERROR_4"&gt;constraints&lt;/span&gt; falls only in a Project Management Triangle Format then, you have a well defined Project with all other constraints already taken care off or inbuilt.&lt;/em&gt;&lt;/p&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/3994696480060883840-7954445072551408810?l=pmthinkpot.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://pmthinkpot.blogspot.com/feeds/7954445072551408810/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://pmthinkpot.blogspot.com/2009/06/waht-is-project-management-triangle.html#comment-form' title='1 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/7954445072551408810'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/7954445072551408810'/><link rel='alternate' type='text/html' href='http://pmthinkpot.blogspot.com/2009/06/waht-is-project-management-triangle.html' title='What is Project Management Triangle ????'/><author><name>NITIN SHENOY, PMP, IPMA-D, MICE</name><uri>http://www.blogger.com/profile/03930914299131199980</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='25' height='32' src='http://4.bp.blogspot.com/_mMhecv1tc6Y/ShuLYSIlaVI/AAAAAAAAAE8/gXYFfaPjquo/S220/Copy+of+Nit.JPG'/></author><thr:total>1</thr:total></entry><entry><id>tag:blogger.com,1999:blog-3994696480060883840.post-2181021989938925753</id><published>2009-06-16T18:59:00.001+05:30</published><updated>2009-06-16T19:00:22.555+05:30</updated><category scheme='http://www.blogger.com/atom/ns#' term='Scope Management'/><category scheme='http://www.blogger.com/atom/ns#' term='Contract Management'/><title type='text'>Minimizing and Preventing Contract Changes...!!!</title><content type='html'>&lt;p align="justify"&gt;A good &lt;strong&gt;&lt;u&gt;&lt;em&gt;STAKEHOLDER ANALYSIS&lt;/em&gt;&lt;/u&gt;&lt;/strong&gt; process  results in effective understanding of all &lt;span class="blsp-spelling-error" id="SPELLING_ERROR_0"&gt;stakeholder's&lt;/span&gt; requirements, needs, wants and expectations..&lt;br /&gt;Identification, grouping and documentation of the above points results in a Clear Scope which once approved shall minimize unnecessary contract changes in future...!!!&lt;/p&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/3994696480060883840-2181021989938925753?l=pmthinkpot.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://pmthinkpot.blogspot.com/feeds/2181021989938925753/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://pmthinkpot.blogspot.com/2009/06/minimizing-and-preventing-contract.html#comment-form' title='1 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/2181021989938925753'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/2181021989938925753'/><link rel='alternate' type='text/html' href='http://pmthinkpot.blogspot.com/2009/06/minimizing-and-preventing-contract.html' title='Minimizing and Preventing Contract Changes...!!!'/><author><name>NITIN SHENOY, PMP, IPMA-D, MICE</name><uri>http://www.blogger.com/profile/03930914299131199980</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='25' height='32' src='http://4.bp.blogspot.com/_mMhecv1tc6Y/ShuLYSIlaVI/AAAAAAAAAE8/gXYFfaPjquo/S220/Copy+of+Nit.JPG'/></author><thr:total>1</thr:total></entry><entry><id>tag:blogger.com,1999:blog-3994696480060883840.post-1419625970509599257</id><published>2009-06-16T18:58:00.001+05:30</published><updated>2009-06-16T18:59:14.107+05:30</updated><category scheme='http://www.blogger.com/atom/ns#' term='Communication Management'/><title type='text'>Effective Communication in Project Management Process</title><content type='html'>&lt;div align="justify"&gt;When stakeholder analysis itself is not done in projects, then there is no point of discussing any further on the communication aspects in a project environment.&lt;br /&gt;Without stakeholder analysis, we won't be in &lt;span class="blsp-spelling-error" id="SPELLING_ERROR_6"&gt;a position&lt;/span&gt; to identify the following :&lt;br /&gt;1. Who are all the stakeholders in the project?&lt;br /&gt;2. What and in which mode the information has to be transferred to these stakeholders?&lt;br /&gt;3. What is the frequency of such reporting systems?&lt;br /&gt;4. &lt;span class="blsp-spelling-corrected" id="SPELLING_ERROR_7"&gt;Authenticity&lt;/span&gt; and correctness of information provided?&lt;br /&gt;5. Timeliness of the reports generated and delivered?&lt;br /&gt;All the above is a must and should be adhered to for &lt;span class="blsp-spelling-error" id="SPELLING_ERROR_8"&gt;effective&lt;/span&gt; communications to ensure effective decision making throughout the project cycle.&lt;/div&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/3994696480060883840-1419625970509599257?l=pmthinkpot.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://pmthinkpot.blogspot.com/feeds/1419625970509599257/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://pmthinkpot.blogspot.com/2009/06/effective-communication-in-project.html#comment-form' title='1 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/1419625970509599257'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/1419625970509599257'/><link rel='alternate' type='text/html' href='http://pmthinkpot.blogspot.com/2009/06/effective-communication-in-project.html' title='Effective Communication in Project Management Process'/><author><name>NITIN SHENOY, PMP, IPMA-D, MICE</name><uri>http://www.blogger.com/profile/03930914299131199980</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='25' height='32' src='http://4.bp.blogspot.com/_mMhecv1tc6Y/ShuLYSIlaVI/AAAAAAAAAE8/gXYFfaPjquo/S220/Copy+of+Nit.JPG'/></author><thr:total>1</thr:total></entry><entry><id>tag:blogger.com,1999:blog-3994696480060883840.post-1957941905675848033</id><published>2009-06-16T18:56:00.001+05:30</published><updated>2009-06-16T18:58:14.247+05:30</updated><category scheme='http://www.blogger.com/atom/ns#' term='Project Management- General'/><title type='text'>How to manage large projects??</title><content type='html'>&lt;div align="justify"&gt;Project Success requires mainly the following 5 Parameters to be looked into : -&lt;br /&gt;1. &lt;strong&gt;&lt;em&gt;Scope Clarity&lt;/em&gt;&lt;/strong&gt; :  The more clear the scope and specifications are Lower the Risks (&lt;span class="blsp-spelling-corrected" id="SPELLING_ERROR_0"&gt;Uncertainties&lt;/span&gt;).&lt;br /&gt;2. &lt;strong&gt;&lt;em&gt;Realistic Budgets&lt;/em&gt;&lt;/strong&gt; : This is for Cost, Time and Quality related areas. If all the targets agreed and approved are Realistic and Achievable then they form a GOOD YARD stick for performance Measurement.&lt;br /&gt;3. &lt;strong&gt;&lt;em&gt;Execution &lt;/em&gt;&lt;/strong&gt;: Skilled and Knowledgeable Work Team with an Attitude for &lt;span class="blsp-spelling-corrected" id="SPELLING_ERROR_1"&gt;continuous&lt;/span&gt; learning and improvement with well documented Execution Procedures in hand.&lt;br /&gt;4. &lt;strong&gt;&lt;em&gt;Good &lt;span class="blsp-spelling-error" id="SPELLING_ERROR_2"&gt;MIS&lt;/span&gt;&lt;/em&gt;&lt;/strong&gt; :  Considering the voluminous transactions &lt;span class="blsp-spelling-corrected" id="SPELLING_ERROR_3"&gt;occurring&lt;/span&gt; in larger projects, a good &lt;span class="blsp-spelling-error" id="SPELLING_ERROR_4"&gt;MIS&lt;/span&gt; is a must to track physical progress as well as cost (under various designated cost heads for better monitoring and control).Good &lt;span class="blsp-spelling-error" id="SPELLING_ERROR_5"&gt;MIS&lt;/span&gt; reduces Decision Making based on ASSUMPTIONS and rather rely on Sound FACTS!&lt;br /&gt;5.&lt;strong&gt;&lt;em&gt;Scope Verification&lt;/em&gt;&lt;/strong&gt; : A good scope verification results in mutual agreement of deliverable by the Client eventually resulting in Formal Acceptance and Contract closure...&lt;br /&gt;If all the above 5 Process are intact  ... PROJECT SUCCESS ....!!!&lt;/div&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/3994696480060883840-1957941905675848033?l=pmthinkpot.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://pmthinkpot.blogspot.com/feeds/1957941905675848033/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://pmthinkpot.blogspot.com/2009/06/how-to-manage-large-projects.html#comment-form' title='1 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/1957941905675848033'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/1957941905675848033'/><link rel='alternate' type='text/html' href='http://pmthinkpot.blogspot.com/2009/06/how-to-manage-large-projects.html' title='How to manage large projects??'/><author><name>NITIN SHENOY, PMP, IPMA-D, MICE</name><uri>http://www.blogger.com/profile/03930914299131199980</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='25' height='32' src='http://4.bp.blogspot.com/_mMhecv1tc6Y/ShuLYSIlaVI/AAAAAAAAAE8/gXYFfaPjquo/S220/Copy+of+Nit.JPG'/></author><thr:total>1</thr:total></entry><entry><id>tag:blogger.com,1999:blog-3994696480060883840.post-2618431590174547030</id><published>2009-06-16T18:53:00.001+05:30</published><updated>2009-06-16T18:56:42.209+05:30</updated><category scheme='http://www.blogger.com/atom/ns#' term='Project Management- General'/><title type='text'>What should a manager do to manage teams or workforce During Recession?</title><content type='html'>&lt;p align="justify"&gt;RECOGNIZING people at work by giving due consideration for their SKILLS and TALENT is among the High Rated Motivating Factors at work as per Literature and also in &lt;span class="blsp-spelling-corrected" id="SPELLING_ERROR_0"&gt;Practice&lt;/span&gt;..&lt;br /&gt;DELEGATION of Works results in TRANSFER of OWNERSHIP &amp;amp; ACCOUNTABILITY of the TASKS to the &lt;span class="blsp-spelling-corrected" id="SPELLING_ERROR_1"&gt;ASSIGNEES&lt;/span&gt;, thus enhancing his EFFECTIVENESS of producing RESULTS.&lt;br /&gt;But point to be kept in MIND is that a GOOD LEADER by DELEGATING works doesn't escape from his RESPONSIBILITY on the OUTCOME of his TEAM MEMBER'S performance..&lt;br /&gt;Keeping above points in view ..&lt;br /&gt;&lt;strong&gt;&lt;u&gt;&lt;em&gt;RECOGNITION + DELEGATION = MANAGEMENT SUCCESS...!!&lt;/em&gt;&lt;/u&gt;&lt;/strong&gt;&lt;/p&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/3994696480060883840-2618431590174547030?l=pmthinkpot.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://pmthinkpot.blogspot.com/feeds/2618431590174547030/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://pmthinkpot.blogspot.com/2009/06/what-should-manager-do-to-manage-teams.html#comment-form' title='1 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/2618431590174547030'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/2618431590174547030'/><link rel='alternate' type='text/html' href='http://pmthinkpot.blogspot.com/2009/06/what-should-manager-do-to-manage-teams.html' title='What should a manager do to manage teams or workforce During Recession?'/><author><name>NITIN SHENOY, PMP, IPMA-D, MICE</name><uri>http://www.blogger.com/profile/03930914299131199980</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='25' height='32' src='http://4.bp.blogspot.com/_mMhecv1tc6Y/ShuLYSIlaVI/AAAAAAAAAE8/gXYFfaPjquo/S220/Copy+of+Nit.JPG'/></author><thr:total>1</thr:total></entry><entry><id>tag:blogger.com,1999:blog-3994696480060883840.post-8403728605290592985</id><published>2009-06-16T18:52:00.002+05:30</published><updated>2009-06-16T18:53:26.287+05:30</updated><category scheme='http://www.blogger.com/atom/ns#' term='Risk Management'/><title type='text'>Client's Actions to Reduce the Risk of Construction Management</title><content type='html'>&lt;div align="justify"&gt;&lt;strong&gt;&lt;u&gt;Scope Clarity &amp;amp; Effective BID Evaluation Strategy...!!!&lt;/u&gt;&lt;/strong&gt;&lt;/div&gt;&lt;div align="justify"&gt;RISK is a result of high amount of &lt;span class="blsp-spelling-corrected" id="SPELLING_ERROR_0"&gt;Uncertainties&lt;/span&gt; Bound in the Project Works.&lt;br /&gt;Considering the fact that CLIENT is the HIGHLY Benefited from any Project and always WORKS in the TOTAL INTEREST of the PROJECT, then only two other factors could reduce the RISK FACTOR of the PROJECT...!&lt;br /&gt;1. &lt;strong&gt;&lt;em&gt;SCOPE CLARITY&lt;/em&gt;&lt;/strong&gt; = Scope is the Heart and Soul of the Project hence the better the DEFINITION of SCOPE and SPECIFICATION the lesser confusions, &lt;span class="blsp-spelling-corrected" id="SPELLING_ERROR_1"&gt;uncertainties&lt;/span&gt; and chaos resulting in Project SUCCESS&lt;br /&gt;2. &lt;strong&gt;&lt;em&gt;EFFECTIVE BID EVALUATION STRATEGY&lt;/em&gt;&lt;/strong&gt; =  A Good Scope clarity alone is meaningless if the Vendor / Contractor &lt;span class="blsp-spelling-corrected" id="SPELLING_ERROR_2"&gt;selected&lt;/span&gt; through Bidding process is not skilled and effective in executing the SCOPE...!!&lt;/div&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/3994696480060883840-8403728605290592985?l=pmthinkpot.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://pmthinkpot.blogspot.com/feeds/8403728605290592985/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://pmthinkpot.blogspot.com/2009/06/clients-actions-to-reduce-risk-of.html#comment-form' title='1 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/8403728605290592985'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/8403728605290592985'/><link rel='alternate' type='text/html' href='http://pmthinkpot.blogspot.com/2009/06/clients-actions-to-reduce-risk-of.html' title='Client&apos;s Actions to Reduce the Risk of Construction Management'/><author><name>NITIN SHENOY, PMP, IPMA-D, MICE</name><uri>http://www.blogger.com/profile/03930914299131199980</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='25' height='32' src='http://4.bp.blogspot.com/_mMhecv1tc6Y/ShuLYSIlaVI/AAAAAAAAAE8/gXYFfaPjquo/S220/Copy+of+Nit.JPG'/></author><thr:total>1</thr:total></entry><entry><id>tag:blogger.com,1999:blog-3994696480060883840.post-6615203138161072764</id><published>2009-06-16T18:50:00.001+05:30</published><updated>2009-06-16T18:52:12.043+05:30</updated><category scheme='http://www.blogger.com/atom/ns#' term='Cost Management'/><title type='text'>Working Capital Management Strageies in Construction Projects...???</title><content type='html'>&lt;div align="justify"&gt;&lt;strong&gt;&lt;u&gt;Minimize Stock and Reduce Cash/ Bank Balance...!!!&lt;/u&gt;&lt;/strong&gt;&lt;/div&gt;&lt;div align="justify"&gt;Working Capital = Current Assets - Current &lt;span class="blsp-spelling-corrected" id="SPELLING_ERROR_0"&gt;Liabilities&lt;/span&gt;&lt;br /&gt;Current Assets = Stock, Unfinished Goods, Cash / Bank Balances, &lt;span class="blsp-spelling-corrected" id="SPELLING_ERROR_1"&gt;Outstanding&lt;/span&gt; Claims etc.. (What you OWN)&lt;br /&gt;Current Liability = Payment due to Sub Contractor, Vendor balances, etc.. (What you OWE)&lt;br /&gt;A negative Working &lt;span class="blsp-spelling-corrected" id="SPELLING_ERROR_2"&gt;Capital&lt;/span&gt; is a healthy sign in any Construction Project, that is in Simple Terms "Work with others MONEY...!!!"&lt;br /&gt;Its very simple said than done...&lt;/div&gt;&lt;div align="justify"&gt;A Good Procurement Plan and Fund Management Plan could aids in Timely Procurement &amp;amp; Utilization of Materials as well as Funds thus reducing Working Capital...!!!&lt;/div&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/3994696480060883840-6615203138161072764?l=pmthinkpot.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://pmthinkpot.blogspot.com/feeds/6615203138161072764/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://pmthinkpot.blogspot.com/2009/06/working-capital-management-strageies-in.html#comment-form' title='1 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/6615203138161072764'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/6615203138161072764'/><link rel='alternate' type='text/html' href='http://pmthinkpot.blogspot.com/2009/06/working-capital-management-strageies-in.html' title='Working Capital Management Strageies in Construction Projects...???'/><author><name>NITIN SHENOY, PMP, IPMA-D, MICE</name><uri>http://www.blogger.com/profile/03930914299131199980</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='25' height='32' src='http://4.bp.blogspot.com/_mMhecv1tc6Y/ShuLYSIlaVI/AAAAAAAAAE8/gXYFfaPjquo/S220/Copy+of+Nit.JPG'/></author><thr:total>1</thr:total></entry><entry><id>tag:blogger.com,1999:blog-3994696480060883840.post-3991841339460145368</id><published>2009-06-16T18:47:00.002+05:30</published><updated>2009-06-16T18:50:10.160+05:30</updated><category scheme='http://www.blogger.com/atom/ns#' term='Cost Management'/><title type='text'>Strategies for Construction Cost Control ...!!!</title><content type='html'>&lt;p align="justify"&gt;&lt;strong&gt;&lt;u&gt;(Actual Spent) + (ETC Qty x ETC Rate) + ETC Overheads within Revised Cost Baseline...!!! &lt;/u&gt;&lt;/strong&gt;&lt;/p&gt;&lt;div align="justify"&gt;&lt;br /&gt;Yes.. any strategies to Control Cost should fall within the below Constraints...!!!&lt;br /&gt;Actual Spent + (ETC Qty x ETC Rate) + ETC Overheads &lt;= Revised Cost Baseline Actual Spent = From Summation of all cost heads in &lt;span class="blsp-spelling-error" id="SPELLING_ERROR_0"&gt;&lt;span class="blsp-spelling-error" id="SPELLING_ERROR_0"&gt;ur&lt;/span&gt;&lt;/span&gt; &lt;span class="blsp-spelling-error" id="SPELLING_ERROR_1"&gt;&lt;span class="blsp-spelling-error" id="SPELLING_ERROR_1"&gt;MIS&lt;/span&gt;&lt;/span&gt;&lt;br /&gt;ETC Qty = Revised &lt;span class="blsp-spelling-error" id="SPELLING_ERROR_2"&gt;&lt;span class="blsp-spelling-error" id="SPELLING_ERROR_2"&gt;BOQ&lt;/span&gt;&lt;/span&gt; Qty - Actual Executed Qty&lt;br /&gt;ETC Rate = Labour + Material + Plant Rate&lt;br /&gt;(adjusted to actual Productivity Rates, Market Rates, Escalations and &lt;span class="blsp-spelling-error" id="SPELLING_ERROR_3"&gt;&lt;span class="blsp-spelling-error" id="SPELLING_ERROR_3"&gt;Wastages&lt;/span&gt;&lt;/span&gt;)&lt;br /&gt;ETC Direct Cost = ETC Qty x ETC Rate&lt;br /&gt;ETC Overheads = Staff + &lt;span class="blsp-spelling-error" id="SPELLING_ERROR_4"&gt;Temp&lt;/span&gt; Structure + Water/Power + &lt;span class="blsp-spelling-corrected" id="SPELLING_ERROR_5"&gt;Stationary&lt;/span&gt; + Insurance + Financing Costs + Sundries + Misc.&lt;br /&gt;Revised Cost Baseline = Latest Approved Project Budget&lt;br /&gt;Revised Project &lt;span class="blsp-spelling-corrected" id="SPELLING_ERROR_6"&gt;Estimate&lt;/span&gt; = Actual Spent + ETC Direct Cost + ETC Overheads&lt;br /&gt;Any decision taken in the project should be towards minimizing all the above cost components contributing to Revised Project Estimates, such that the above referred constraints always holds good...&lt;br /&gt;i.e Revised Project Estimate &lt;= Revised Cost Baseline There is no Shortcut to Cost Control, BUT only Skill and Experience to see the Complete Picture &lt;span class="blsp-spelling-corrected" id="SPELLING_ERROR_7"&gt;referred&lt;/span&gt; above can result in successful Cost Control...!!!&lt;/div&gt;&lt;div align="justify"&gt; &lt;/div&gt;&lt;div align="justify"&gt;By saying REVISED COST BASELINE, I am trying to stress on the FACT that no PROJECT is free from SCOPE CHANGES in due course.&lt;br /&gt;Hence any Approved SCOPE Change should be &lt;span class="blsp-spelling-corrected" id="SPELLING_ERROR_4"&gt;simultaneously&lt;/span&gt; accompanied with &lt;span class="blsp-spelling-error" id="SPELLING_ERROR_5"&gt;REBASELINING&lt;/span&gt; OF COST which is nothing but REVISED COST BASELINE...!!!&lt;br /&gt;Once there is an APPROVED SCOPE CHANGE, the ORIGINAL COST BASELINE is IMMATERIAL and OUTDATED.&lt;br /&gt;If there is no approved scope change then&lt;br /&gt;REVISED COST BASELINE  =  ORIGINAL COST BASELINE...!!&lt;/div&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/3994696480060883840-3991841339460145368?l=pmthinkpot.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://pmthinkpot.blogspot.com/feeds/3991841339460145368/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://pmthinkpot.blogspot.com/2009/06/strategies-for-construction-cost.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/3991841339460145368'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/3991841339460145368'/><link rel='alternate' type='text/html' href='http://pmthinkpot.blogspot.com/2009/06/strategies-for-construction-cost.html' title='Strategies for Construction Cost Control ...!!!'/><author><name>NITIN SHENOY, PMP, IPMA-D, MICE</name><uri>http://www.blogger.com/profile/03930914299131199980</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='25' height='32' src='http://4.bp.blogspot.com/_mMhecv1tc6Y/ShuLYSIlaVI/AAAAAAAAAE8/gXYFfaPjquo/S220/Copy+of+Nit.JPG'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-3994696480060883840.post-8248302959718967146</id><published>2009-06-16T18:46:00.002+05:30</published><updated>2009-06-16T18:47:44.334+05:30</updated><category scheme='http://www.blogger.com/atom/ns#' term='Cost Management'/><category scheme='http://www.blogger.com/atom/ns#' term='Project Failures'/><title type='text'>Techniques to minimize cost overrun in Construction..!!</title><content type='html'>&lt;div align="justify"&gt;&lt;strong&gt;&lt;u&gt;Realistic COST BASELINE...!!&lt;/u&gt;&lt;/strong&gt;&lt;/div&gt;&lt;div align="justify"&gt;First step to avoid Cost Overruns is by arriving and adhering to a Realistic COST BASELINE in the Project...&lt;br /&gt;Most of the Time it does occur that we become over Optimistic and set Unrealistic COST BASELINES to get a token of appreciation / recognition from Top Management.&lt;br /&gt;This is a &lt;span class="blsp-spelling-corrected" id="SPELLING_ERROR_0"&gt;Contagious&lt;/span&gt; disease affecting Project health and it so happens that irrespective of performance of the project the same Cost Baselines are adhered too.&lt;br /&gt;That is at any stage of review, Estimates to Complete (ETC) Costs are back calculated to fit into the Cost Baselines rather than Highlighting the TRUE Picture&lt;br /&gt;Its only during, Testing &amp;amp; Commissioning Stage that this Cost Overruns normally pops out, by which its too late to recover...!!&lt;/div&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/3994696480060883840-8248302959718967146?l=pmthinkpot.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://pmthinkpot.blogspot.com/feeds/8248302959718967146/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://pmthinkpot.blogspot.com/2009/06/techniques-to-minimize-cost-overrun-in.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/8248302959718967146'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/8248302959718967146'/><link rel='alternate' type='text/html' href='http://pmthinkpot.blogspot.com/2009/06/techniques-to-minimize-cost-overrun-in.html' title='Techniques to minimize cost overrun in Construction..!!'/><author><name>NITIN SHENOY, PMP, IPMA-D, MICE</name><uri>http://www.blogger.com/profile/03930914299131199980</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='25' height='32' src='http://4.bp.blogspot.com/_mMhecv1tc6Y/ShuLYSIlaVI/AAAAAAAAAE8/gXYFfaPjquo/S220/Copy+of+Nit.JPG'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-3994696480060883840.post-6520465627495730493</id><published>2009-06-16T18:45:00.001+05:30</published><updated>2009-06-16T18:46:19.246+05:30</updated><category scheme='http://www.blogger.com/atom/ns#' term='Project Management- General'/><title type='text'>Tips: How to become successful Project Manager ?</title><content type='html'>&lt;div align="justify"&gt;&lt;strong&gt;&lt;u&gt;Leadership Qualities ...!!!&lt;/u&gt;&lt;/strong&gt;&lt;/div&gt;&lt;div align="justify"&gt;Project Management Skills are all about steering the Project Management TEAM towards &lt;span class="blsp-spelling-corrected" id="SPELLING_ERROR_0"&gt;achieving&lt;/span&gt; the set Objectives and Success Criteria to get the &lt;span class="blsp-spelling-error" id="SPELLING_ERROR_1"&gt;Deliverables&lt;/span&gt; Acceptable by Client &lt;span class="blsp-spelling-error" id="SPELLING_ERROR_2"&gt;inorder&lt;/span&gt; to declare the Project as &lt;span class="blsp-spelling-corrected" id="SPELLING_ERROR_3"&gt;Successfully&lt;/span&gt; Completed...&lt;br /&gt;Each and every stage of the PROJECT involves TEAMWORK and is NEVER a ONE MAN SHOW!!!..&lt;br /&gt;And whenever SUCCESS from TEAMWORK is required, it is HIGHLY MANDATORY for a Project Manager to have GOOD LEADERSHIP QUALITIES in him...!!!&lt;/div&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/3994696480060883840-6520465627495730493?l=pmthinkpot.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://pmthinkpot.blogspot.com/feeds/6520465627495730493/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://pmthinkpot.blogspot.com/2009/06/tips-how-to-become-successful-project.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/6520465627495730493'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/6520465627495730493'/><link rel='alternate' type='text/html' href='http://pmthinkpot.blogspot.com/2009/06/tips-how-to-become-successful-project.html' title='Tips: How to become successful Project Manager ?'/><author><name>NITIN SHENOY, PMP, IPMA-D, MICE</name><uri>http://www.blogger.com/profile/03930914299131199980</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='25' height='32' src='http://4.bp.blogspot.com/_mMhecv1tc6Y/ShuLYSIlaVI/AAAAAAAAAE8/gXYFfaPjquo/S220/Copy+of+Nit.JPG'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-3994696480060883840.post-8618086399755211363</id><published>2009-06-16T18:43:00.001+05:30</published><updated>2009-06-16T18:44:07.191+05:30</updated><category scheme='http://www.blogger.com/atom/ns#' term='Contract Management'/><title type='text'>How to select the right Construction Project Delivery System?</title><content type='html'>&lt;div align="justify"&gt;&lt;strong&gt;&lt;u&gt;Contract Management Team...!!!&lt;/u&gt;&lt;/strong&gt;&lt;/div&gt;&lt;div align="justify"&gt;All Projects are MADE of CONTRACTS...!!!&lt;br /&gt;Irrespective of the Delivery System, a Good Contract Management Team is a must to Monitor and Control if the &lt;span class="blsp-spelling-error" id="SPELLING_ERROR_0"&gt;Deliverables&lt;/span&gt; are in line with the Requirements set for the Project.&lt;br /&gt;Whether its from Client side or Contractor side, a Good Contract Management Team is a Must.&lt;br /&gt;It is better not to overload such contract management teams with roles and responsibilities which may dilute their effectiveness in managing the CONTRACT.&lt;br /&gt;Thus it is a true fact that whoever has a CONTRACT MANAGEMENT TEAM in his side has better chances of exhibiting their responsibilities and dealing with their liabilities in a Project Smoothly...!!!&lt;/div&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/3994696480060883840-8618086399755211363?l=pmthinkpot.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://pmthinkpot.blogspot.com/feeds/8618086399755211363/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://pmthinkpot.blogspot.com/2009/06/how-to-select-right-construction.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/8618086399755211363'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/8618086399755211363'/><link rel='alternate' type='text/html' href='http://pmthinkpot.blogspot.com/2009/06/how-to-select-right-construction.html' title='How to select the right Construction Project Delivery System?'/><author><name>NITIN SHENOY, PMP, IPMA-D, MICE</name><uri>http://www.blogger.com/profile/03930914299131199980</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='25' height='32' src='http://4.bp.blogspot.com/_mMhecv1tc6Y/ShuLYSIlaVI/AAAAAAAAAE8/gXYFfaPjquo/S220/Copy+of+Nit.JPG'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-3994696480060883840.post-6503717462962682686</id><published>2009-06-16T18:40:00.002+05:30</published><updated>2009-06-16T18:42:22.915+05:30</updated><category scheme='http://www.blogger.com/atom/ns#' term='Contract Management'/><title type='text'>What data should be maintained on a construction site to win claims in arbitration?</title><content type='html'>&lt;p&gt;&lt;strong&gt;&lt;u&gt;ISSUE LOGS&lt;/u&gt;&lt;/strong&gt; refers to a document &lt;span class="blsp-spelling-corrected" id="SPELLING_ERROR_0"&gt;covering&lt;/span&gt; the following details updated during any ISSUES/DISPUTES raised between two parties in a CONTRACT and ISSUES analyzed on a &lt;span class="blsp-spelling-corrected" id="SPELLING_ERROR_1"&gt;Priority&lt;/span&gt; Basis: &lt;/p&gt;&lt;ul&gt;&lt;li&gt;Date of Issue&lt;/li&gt;&lt;li&gt;Between Which Parties&lt;/li&gt;&lt;li&gt;Issue Title /  Description&lt;/li&gt;&lt;li&gt;Root Cause of Issue&lt;/li&gt;&lt;li&gt;Outcomes&lt;/li&gt;&lt;li&gt;Corrective Action /  Preventive Action to be Taken&lt;/li&gt;&lt;li&gt;Effect on Set Project Constraints (Priority &lt;span class="blsp-spelling-corrected" id="SPELLING_ERROR_2"&gt;Weightage&lt;/span&gt;)&lt;/li&gt;&lt;li&gt;Reference to related Records /  Correspondences&lt;/li&gt;&lt;li&gt;Claim Amount with Break Up Details (If any)&lt;/li&gt;&lt;li&gt;Acknowledgement from the other Party with Remarks&lt;/li&gt;&lt;/ul&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/3994696480060883840-6503717462962682686?l=pmthinkpot.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://pmthinkpot.blogspot.com/feeds/6503717462962682686/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://pmthinkpot.blogspot.com/2009/06/what-data-should-be-maintained-on.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/6503717462962682686'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/6503717462962682686'/><link rel='alternate' type='text/html' href='http://pmthinkpot.blogspot.com/2009/06/what-data-should-be-maintained-on.html' title='What data should be maintained on a construction site to win claims in arbitration?'/><author><name>NITIN SHENOY, PMP, IPMA-D, MICE</name><uri>http://www.blogger.com/profile/03930914299131199980</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='25' height='32' src='http://4.bp.blogspot.com/_mMhecv1tc6Y/ShuLYSIlaVI/AAAAAAAAAE8/gXYFfaPjquo/S220/Copy+of+Nit.JPG'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-3994696480060883840.post-4158203656514664007</id><published>2009-06-16T18:37:00.001+05:30</published><updated>2009-06-16T18:40:13.226+05:30</updated><category scheme='http://www.blogger.com/atom/ns#' term='PM Tools'/><title type='text'>Project Management is misunderstood as GENERAL MANAGEMENT in many cases..!!</title><content type='html'>&lt;div align="justify"&gt;Considering the Dynamics of Construction Projects and also considering that various factors listed below affects the Estimation of such projects, it is a FUTILE EFFORT to search a Best Estimation SOftware to use in your PROJECTS..&lt;/div&gt;&lt;ul&gt;&lt;li&gt;&lt;div align="justify"&gt;Market Trend&lt;/div&gt;&lt;/li&gt;&lt;li&gt;&lt;div align="justify"&gt;Political scenario&lt;/div&gt;&lt;/li&gt;&lt;li&gt;&lt;div align="justify"&gt;Inflation&lt;/div&gt;&lt;/li&gt;&lt;li&gt;&lt;div align="justify"&gt;Escalation&lt;/div&gt;&lt;/li&gt;&lt;li&gt;&lt;div align="justify"&gt;Contract Conditions&lt;/div&gt;&lt;/li&gt;&lt;li&gt;&lt;div align="justify"&gt;Productivity Rate&lt;/div&gt;&lt;/li&gt;&lt;li&gt;&lt;div align="justify"&gt;Incentives&lt;/div&gt;&lt;/li&gt;&lt;li&gt;&lt;div align="justify"&gt;Overheads&lt;/div&gt;&lt;/li&gt;&lt;li&gt;&lt;div align="justify"&gt;Profit Norms&lt;/div&gt;&lt;/li&gt;&lt;li&gt;&lt;div align="justify"&gt;Unit Consumption&lt;/div&gt;&lt;/li&gt;&lt;li&gt;&lt;div align="justify"&gt;Working Conditions&lt;/div&gt;&lt;/li&gt;&lt;li&gt;&lt;div align="justify"&gt;Sequence of Operations&lt;/div&gt;&lt;/li&gt;&lt;li&gt;&lt;div align="justify"&gt;Criticality of Work&lt;/div&gt;&lt;/li&gt;&lt;li&gt;&lt;div align="justify"&gt;Quality Aspects&lt;/div&gt;&lt;/li&gt;&lt;li&gt;&lt;div align="justify"&gt;Safety Aspects...... Never Ending Lists&lt;/div&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p align="justify"&gt;Hence it is advisable to BUILD on your OWN Templates for Estimating Repeatitive and Standard Natured Works within your OWN ORGANIZATION as the same are more reliable rather following or depending on Some Softwares and adapting towards it....!!!&lt;/p&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/3994696480060883840-4158203656514664007?l=pmthinkpot.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://pmthinkpot.blogspot.com/feeds/4158203656514664007/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://pmthinkpot.blogspot.com/2009/06/project-management-is-misunderstood-as.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/4158203656514664007'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/4158203656514664007'/><link rel='alternate' type='text/html' href='http://pmthinkpot.blogspot.com/2009/06/project-management-is-misunderstood-as.html' title='Project Management is misunderstood as GENERAL MANAGEMENT in many cases..!!'/><author><name>NITIN SHENOY, PMP, IPMA-D, MICE</name><uri>http://www.blogger.com/profile/03930914299131199980</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='25' height='32' src='http://4.bp.blogspot.com/_mMhecv1tc6Y/ShuLYSIlaVI/AAAAAAAAAE8/gXYFfaPjquo/S220/Copy+of+Nit.JPG'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-3994696480060883840.post-3038468622181650681</id><published>2009-06-16T18:36:00.000+05:30</published><updated>2009-06-16T18:37:27.001+05:30</updated><category scheme='http://www.blogger.com/atom/ns#' term='Project Management- General'/><title type='text'>The Misconceptions of Project Management...!!!</title><content type='html'>&lt;strong&gt;&lt;u&gt;Project Management is GENERAL MANAGEMENT...!!!&lt;/u&gt;&lt;/strong&gt;&lt;br /&gt;&lt;p&gt;Project Management is misunderstood as GENERAL MANAGEMENT in many cases..!!&lt;br /&gt;WHICH IS WRONG!!!&lt;br /&gt;Eg. General Management deals with managing routine administrative operations of a HOTEL or CINEMA COMPLEX or HOSPITAL etc.&lt;br /&gt;Whereas PROJECT MANAGEMENT is all about handling the UNIQUENESS and TEMPORARY Nature of the Task in HAND within SET CONSTRAINTS.&lt;br /&gt;Though General Management skills are offcourse required for good Project Management to occur, General Managers can't be called Project Managers or made to handle PROJECTS without necessary skills, exposure and experience in handling PROJECTS and PM Processes.&lt;br /&gt;PM Field is more challenging considering the Voluminous Flow of Money in delivering Products which are UNIQUE in nature..!!&lt;/p&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/3994696480060883840-3038468622181650681?l=pmthinkpot.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://pmthinkpot.blogspot.com/feeds/3038468622181650681/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://pmthinkpot.blogspot.com/2009/06/misconceptions-of-project-management.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/3038468622181650681'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/3038468622181650681'/><link rel='alternate' type='text/html' href='http://pmthinkpot.blogspot.com/2009/06/misconceptions-of-project-management.html' title='The Misconceptions of Project Management...!!!'/><author><name>NITIN SHENOY, PMP, IPMA-D, MICE</name><uri>http://www.blogger.com/profile/03930914299131199980</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='25' height='32' src='http://4.bp.blogspot.com/_mMhecv1tc6Y/ShuLYSIlaVI/AAAAAAAAAE8/gXYFfaPjquo/S220/Copy+of+Nit.JPG'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-3994696480060883840.post-4291769202076721577</id><published>2009-06-16T18:35:00.001+05:30</published><updated>2009-06-16T18:36:19.351+05:30</updated><category scheme='http://www.blogger.com/atom/ns#' term='Time Management'/><title type='text'>Vital Parameters in Construction Project Scheduling...?</title><content type='html'>&lt;strong&gt;&lt;u&gt;Logical Sequencing&lt;/u&gt;&lt;/strong&gt;&lt;br /&gt;Irrespective of all other Parameters available , I put higher emphasis on to LOGICAL SEQUENCING of ACTIVITIES in preparing a Construction Project Schedule.&lt;br /&gt;There are various other parameters like..:&lt;br /&gt;1. &lt;strong&gt;&lt;em&gt;List of Activities&lt;/em&gt;&lt;/strong&gt; : Any skilled person should be able to list down. Too many or less numbers of activities?&lt;br /&gt;2. &lt;strong&gt;&lt;em&gt;Duration of Activities&lt;/em&gt;&lt;/strong&gt;: Methods available but more theoretical only..&lt;br /&gt;But all of the above parameters are meaningless &lt;strong&gt;&lt;u&gt;if the Logical Sequencing is WRONG..!!&lt;/u&gt;&lt;/strong&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/3994696480060883840-4291769202076721577?l=pmthinkpot.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://pmthinkpot.blogspot.com/feeds/4291769202076721577/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://pmthinkpot.blogspot.com/2009/06/vital-parameters-in-construction.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/4291769202076721577'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/4291769202076721577'/><link rel='alternate' type='text/html' href='http://pmthinkpot.blogspot.com/2009/06/vital-parameters-in-construction.html' title='Vital Parameters in Construction Project Scheduling...?'/><author><name>NITIN SHENOY, PMP, IPMA-D, MICE</name><uri>http://www.blogger.com/profile/03930914299131199980</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='25' height='32' src='http://4.bp.blogspot.com/_mMhecv1tc6Y/ShuLYSIlaVI/AAAAAAAAAE8/gXYFfaPjquo/S220/Copy+of+Nit.JPG'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-3994696480060883840.post-211554982637164146</id><published>2009-06-16T18:31:00.003+05:30</published><updated>2009-06-16T18:34:19.816+05:30</updated><category scheme='http://www.blogger.com/atom/ns#' term='Project Management- General'/><title type='text'>How to manage a Project...???</title><content type='html'>Every person add different dimensions to attributes of Project Success -  like time, cost, scope, quality, safety etc. Ultimately all of these are CONSTRAINTS to be understood and worked within. Hence Managing Constraints are the first Step to success.&lt;br /&gt;Next is what we call &lt;strong&gt;RISKS (Known Unknown +  Unknown Unknown) or other called &lt;span class="blsp-spelling-corrected" id="SPELLING_ERROR_0"&gt;Uncertainties&lt;/span&gt;, Threats, &lt;span class="blsp-spelling-corrected" id="SPELLING_ERROR_1"&gt;Opportunities&lt;/span&gt;.&lt;br /&gt;&lt;/strong&gt;Every decision in a project is not 100% PERFECT. This is &lt;span class="blsp-spelling-error" id="SPELLING_ERROR_2"&gt;becos&lt;/span&gt; they rely on certain &lt;strong&gt;ASSUMPTIONS made during such Decisions Making events.&lt;br /&gt;&lt;/strong&gt;If such Assumptions are VALID then they turn out to be &lt;span class="blsp-spelling-corrected" id="SPELLING_ERROR_3"&gt;OPPORTUNITIES&lt;/span&gt; to be Exploited and if they turn out to be INVALID then it poses a THREAT. &lt;br /&gt;Beware &lt;strong&gt;RISK = &lt;span class="blsp-spelling-corrected" id="SPELLING_ERROR_4"&gt;OPPORTUNITIES&lt;/span&gt; +  THREAT&lt;/strong&gt;.&lt;br /&gt;Hence we have to &lt;span class="blsp-spelling-corrected" id="SPELLING_ERROR_5"&gt;continuously&lt;/span&gt; VALIDATE our ASSUMPTIONS..&lt;br /&gt;Hence, &lt;strong&gt;"Manage Constraints + Validate Assumptions = Project Success ...!!!"&lt;/strong&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/3994696480060883840-211554982637164146?l=pmthinkpot.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://pmthinkpot.blogspot.com/feeds/211554982637164146/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://pmthinkpot.blogspot.com/2009/06/how-to-manage-project.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/211554982637164146'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/211554982637164146'/><link rel='alternate' type='text/html' href='http://pmthinkpot.blogspot.com/2009/06/how-to-manage-project.html' title='How to manage a Project...???'/><author><name>NITIN SHENOY, PMP, IPMA-D, MICE</name><uri>http://www.blogger.com/profile/03930914299131199980</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='25' height='32' src='http://4.bp.blogspot.com/_mMhecv1tc6Y/ShuLYSIlaVI/AAAAAAAAAE8/gXYFfaPjquo/S220/Copy+of+Nit.JPG'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-3994696480060883840.post-8482303029227361963</id><published>2009-05-26T11:51:00.001+05:30</published><updated>2009-05-26T11:53:58.153+05:30</updated><category scheme='http://www.blogger.com/atom/ns#' term='Scope Management'/><title type='text'>How to Manage Scope Creep...?</title><content type='html'>&lt;b&gt;&lt;span class="Apple-style-span" style="text-decoration: underline;"&gt;Wants &amp;amp; Expectations of Stakeholders &lt;span class="blsp-spelling-corrected" id="SPELLING_ERROR_0"&gt;converted&lt;/span&gt; to Project Scope&lt;/span&gt;&lt;/b&gt;&lt;div&gt;&lt;span class="Apple-style-span" style="text-decoration: underline;"&gt;&lt;b&gt;&lt;br /&gt;&lt;/b&gt;&lt;/span&gt;&lt;/div&gt;&lt;div&gt;&lt;span class="Apple-style-span" style=""&gt;&lt;b style=""&gt;&lt;span class="Apple-style-span" style="font-family: tahoma; font-weight: normal; -webkit-text-decorations-in-effect: none; color: rgb(51, 51, 51); font-size: 11px; "&gt;&lt;p style="text-align: justify;"&gt;&lt;span class="Apple-style-span" style="font-size: medium; "&gt;Normally SCOPE &lt;span class="blsp-spelling-error" id="SPELLING_ERROR_1"&gt;CREEPS&lt;/span&gt; occur mainly on account of the fact that the key stakeholders WANTS and EXPECTATIONS were not read, understood, &lt;span class="blsp-spelling-corrected" id="SPELLING_ERROR_2"&gt;documented&lt;/span&gt; and converted to PROJECT SCOPE...!!&lt;/span&gt;&lt;/p&gt;&lt;p style="text-align: justify;"&gt;&lt;span class="Apple-style-span" style="font-size: medium; "&gt;This GAP in the PROJECT SCOPE expected by STAKEHOLDER and that &lt;span class="blsp-spelling-corrected" id="SPELLING_ERROR_3"&gt;understood&lt;/span&gt; &amp;amp; provided by CONTRACTOR leads to SCOPE &lt;span class="blsp-spelling-error" id="SPELLING_ERROR_4"&gt;CREEP&lt;/span&gt;...!!&lt;/span&gt;&lt;/p&gt;&lt;/span&gt;&lt;/b&gt;&lt;/span&gt;&lt;/div&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/3994696480060883840-8482303029227361963?l=pmthinkpot.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://pmthinkpot.blogspot.com/feeds/8482303029227361963/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://pmthinkpot.blogspot.com/2009/05/how-to-manage-scope-creep.html#comment-form' title='3 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/8482303029227361963'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/8482303029227361963'/><link rel='alternate' type='text/html' href='http://pmthinkpot.blogspot.com/2009/05/how-to-manage-scope-creep.html' title='How to Manage Scope Creep...?'/><author><name>NITIN SHENOY, PMP, IPMA-D, MICE</name><uri>http://www.blogger.com/profile/03930914299131199980</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='25' height='32' src='http://4.bp.blogspot.com/_mMhecv1tc6Y/ShuLYSIlaVI/AAAAAAAAAE8/gXYFfaPjquo/S220/Copy+of+Nit.JPG'/></author><thr:total>3</thr:total></entry><entry><id>tag:blogger.com,1999:blog-3994696480060883840.post-2444921024816295398</id><published>2009-05-26T11:48:00.001+05:30</published><updated>2009-05-26T11:50:27.181+05:30</updated><category scheme='http://www.blogger.com/atom/ns#' term='Scope Management'/><category scheme='http://www.blogger.com/atom/ns#' term='Project Failures'/><title type='text'>Biggest Blunder in Project Management....</title><content type='html'>&lt;b&gt;&lt;span class="Apple-style-span" style="text-decoration: underline;"&gt;No Stakeholder Analysis&lt;/span&gt;&lt;/b&gt;&lt;div&gt;&lt;span class="Apple-style-span" style="font-size: medium;"&gt;&lt;br /&gt;&lt;/span&gt;&lt;/div&gt;&lt;div&gt;&lt;span class="Apple-style-span" style=""&gt;&lt;b style=""&gt;&lt;span class="Apple-style-span" style="font-family: tahoma; font-weight: normal; -webkit-text-decorations-in-effect: none; color: rgb(51, 51, 51); font-size: 11px; "&gt;&lt;p&gt;&lt;span class="Apple-style-span" style="font-size: medium;"&gt;Stakeholder analysis is &lt;span class="blsp-spelling-corrected" id="SPELLING_ERROR_0"&gt;seldom&lt;/span&gt; given importance in many &lt;span class="blsp-spelling-corrected" id="SPELLING_ERROR_1"&gt;projects&lt;/span&gt; which &lt;span class="blsp-spelling-error" id="SPELLING_ERROR_2"&gt;inturn&lt;/span&gt; leads to huge risks on landing up in project failures.&lt;/span&gt;&lt;/p&gt;&lt;p&gt;&lt;span class="Apple-style-span" style="font-size: medium;"&gt;Stakeholder analysis deals with study of the following:&lt;/span&gt;&lt;/p&gt;&lt;ol&gt;&lt;li style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; list-style-type: none; "&gt;&lt;span class="Apple-style-span" style="font-size: medium;"&gt;Who are all stakeholders?&lt;/span&gt;&lt;/li&gt;&lt;li style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; list-style-type: none; "&gt;&lt;span class="Apple-style-span" style="font-size: medium;"&gt;&lt;span class="blsp-spelling-corrected" id="SPELLING_ERROR_3"&gt;Who&lt;/span&gt; are key stakeholders?&lt;/span&gt;&lt;/li&gt;&lt;li style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; list-style-type: none; "&gt;&lt;span class="Apple-style-span" style="font-size: medium;"&gt;What are their needs?&lt;/span&gt;&lt;/li&gt;&lt;li style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; list-style-type: none; "&gt;&lt;span class="Apple-style-span" style="font-size: medium;"&gt;What are their wants?&lt;/span&gt;&lt;/li&gt;&lt;li style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; list-style-type: none; "&gt;&lt;span class="Apple-style-span" style="font-size: medium;"&gt;What are their &lt;span class="blsp-spelling-corrected" id="SPELLING_ERROR_4"&gt;requirements&lt;/span&gt; and expectations?&lt;/span&gt;&lt;/li&gt;&lt;/ol&gt;&lt;p&gt;&lt;span class="Apple-style-span" style="font-size: medium;"&gt;By &lt;span class="blsp-spelling-corrected" id="SPELLING_ERROR_5"&gt;performing&lt;/span&gt; &lt;span class="blsp-spelling-corrected" id="SPELLING_ERROR_6"&gt;stakeholder&lt;/span&gt; analysis, all these needs, wants, requirements and &lt;span class="blsp-spelling-corrected" id="SPELLING_ERROR_7"&gt;expectations&lt;/span&gt; could be documented , understood and &lt;span class="blsp-spelling-corrected" id="SPELLING_ERROR_8"&gt;converted&lt;/span&gt; to Project scope, which forms the HEART of any PROJECT SUCCESS...!!!&lt;/span&gt;&lt;/p&gt;&lt;/span&gt;&lt;/b&gt;&lt;/span&gt;&lt;/div&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/3994696480060883840-2444921024816295398?l=pmthinkpot.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://pmthinkpot.blogspot.com/feeds/2444921024816295398/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://pmthinkpot.blogspot.com/2009/05/biggest-blunder-in-project-management.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/2444921024816295398'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/2444921024816295398'/><link rel='alternate' type='text/html' href='http://pmthinkpot.blogspot.com/2009/05/biggest-blunder-in-project-management.html' title='Biggest Blunder in Project Management....'/><author><name>NITIN SHENOY, PMP, IPMA-D, MICE</name><uri>http://www.blogger.com/profile/03930914299131199980</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='25' height='32' src='http://4.bp.blogspot.com/_mMhecv1tc6Y/ShuLYSIlaVI/AAAAAAAAAE8/gXYFfaPjquo/S220/Copy+of+Nit.JPG'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-3994696480060883840.post-554157707580879193</id><published>2009-05-26T11:46:00.003+05:30</published><updated>2009-05-26T11:57:28.985+05:30</updated><category scheme='http://www.blogger.com/atom/ns#' term='Project Management- General'/><title type='text'>Important Concept for Project Bidding...</title><content type='html'>&lt;b&gt;&lt;span class="Apple-style-span" style="text-decoration: underline;"&gt;&lt;span class="Apple-style-span" style="font-size: medium;"&gt;Project Life Cycle Cost vs. Product Life Cycle Cost&lt;/span&gt;&lt;/span&gt;&lt;/b&gt;&lt;div&gt;&lt;span class="Apple-style-span" style="text-decoration: underline;"&gt;&lt;b&gt;&lt;br /&gt;&lt;/b&gt;&lt;/span&gt;&lt;/div&gt;&lt;div&gt;&lt;span class="Apple-style-span" style="font-family: tahoma; color: rgb(51, 51, 51); "&gt;You have to divide a line in estimating a bid..&lt;/span&gt;&lt;/div&gt;&lt;div&gt;&lt;span class="Apple-style-span"   style="font-family:tahoma;color:#333333;"&gt;&lt;br /&gt;&lt;/span&gt;&lt;/div&gt;&lt;div&gt;&lt;span class="Apple-style-span" style="font-family: tahoma; color: rgb(51, 51, 51); "&gt;i.e whether you are bidding for a project which in turn results in a product or deliverable. Or whether the scope involves operation, maintenance, amc, warranty and insurance components of products operational life also.&lt;/span&gt;&lt;/div&gt;&lt;div&gt;&lt;span class="Apple-style-span"   style="font-family:tahoma;color:#333333;"&gt;&lt;br /&gt;&lt;/span&gt;&lt;/div&gt;&lt;div&gt;&lt;span class="Apple-style-span" style="font-family: tahoma; color: rgb(51, 51, 51); "&gt;Project cycle is subset of product cycle.&lt;/span&gt;&lt;/div&gt;&lt;div&gt;&lt;span class="Apple-style-span"   style="font-family:tahoma;color:#333333;"&gt;&lt;br /&gt;&lt;/span&gt;&lt;/div&gt;&lt;div&gt;&lt;span class="Apple-style-span" style="font-family: tahoma; color: rgb(51, 51, 51); "&gt;Once you decide on your bid's scope is for project cycle or product cycle, this itself will make your problem of estimation half solved!!!&lt;/span&gt;&lt;/div&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/3994696480060883840-554157707580879193?l=pmthinkpot.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://pmthinkpot.blogspot.com/feeds/554157707580879193/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://pmthinkpot.blogspot.com/2009/05/important-concept-for-project-bidding.html#comment-form' title='1 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/554157707580879193'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/554157707580879193'/><link rel='alternate' type='text/html' href='http://pmthinkpot.blogspot.com/2009/05/important-concept-for-project-bidding.html' title='Important Concept for Project Bidding...'/><author><name>NITIN SHENOY, PMP, IPMA-D, MICE</name><uri>http://www.blogger.com/profile/03930914299131199980</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='25' height='32' src='http://4.bp.blogspot.com/_mMhecv1tc6Y/ShuLYSIlaVI/AAAAAAAAAE8/gXYFfaPjquo/S220/Copy+of+Nit.JPG'/></author><thr:total>1</thr:total></entry><entry><id>tag:blogger.com,1999:blog-3994696480060883840.post-371582918266408212</id><published>2009-05-26T11:44:00.001+05:30</published><updated>2009-05-26T11:59:58.087+05:30</updated><category scheme='http://www.blogger.com/atom/ns#' term='Program Management - General'/><title type='text'>Main Factor in Handling Multiple Projects...</title><content type='html'>&lt;span class="Apple-style-span"   style=" color: rgb(51, 51, 51);  font-family:tahoma;font-size:11px;"&gt;&lt;p&gt;&lt;span style="color: rgb(128, 0, 128); "&gt;&lt;b&gt;&lt;span class="Apple-style-span" style="text-decoration: underline;"&gt;&lt;span class="Apple-style-span" style="font-size: medium;"&gt;Prioritize..!!!&lt;/span&gt;&lt;/span&gt;&lt;/b&gt;&lt;span class="Apple-style-span" style="font-size: medium;"&gt; &lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p&gt;&lt;span style="color: rgb(128, 0, 128); "&gt;&lt;span class="Apple-style-span"  style="color:#000000;"&gt;&lt;span class="Apple-style-span" style="font-size: medium;"&gt;is a powerful word in the field of multiple project management or program or portfolio management.&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p&gt;&lt;span style="color: rgb(128, 0, 128); "&gt;&lt;span class="Apple-style-span"  style="color:#000000;"&gt;&lt;span class="Apple-style-span" style="font-size: medium;"&gt;At any juncture of decision making you may have to &lt;span class="blsp-spelling-corrected" id="SPELLING_ERROR_0"&gt;prioritize&lt;/span&gt; and  decide on any of the following:&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p&gt;&lt;span style="color: rgb(128, 0, 128); "&gt;&lt;span class="Apple-style-span"  style="color:#000000;"&gt;&lt;span class="Apple-style-span" style="font-size: medium;"&gt;Fund Allocation&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;ol&gt;&lt;li style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; list-style-type: none; "&gt;&lt;span class="Apple-style-span"  style="color:#000000;"&gt;&lt;span class="Apple-style-span" style="font-size: medium;"&gt;Resource Allocation&lt;/span&gt;&lt;/span&gt;&lt;/li&gt;&lt;li style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; list-style-type: none; "&gt;&lt;span class="Apple-style-span"  style="color:#000000;"&gt;&lt;span class="Apple-style-span" style="font-size: medium;"&gt;Compromise&lt;/span&gt;&lt;/span&gt;&lt;/li&gt;&lt;li style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; list-style-type: none; "&gt;&lt;span class="Apple-style-span"  style="color:#000000;"&gt;&lt;span class="Apple-style-span" style="font-size: medium;"&gt;Dedication of Time&lt;/span&gt;&lt;/span&gt;&lt;/li&gt;&lt;/ol&gt;&lt;/span&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/3994696480060883840-371582918266408212?l=pmthinkpot.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://pmthinkpot.blogspot.com/feeds/371582918266408212/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://pmthinkpot.blogspot.com/2009/05/main-factor-in-handling-multiple.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/371582918266408212'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/371582918266408212'/><link rel='alternate' type='text/html' href='http://pmthinkpot.blogspot.com/2009/05/main-factor-in-handling-multiple.html' title='Main Factor in Handling Multiple Projects...'/><author><name>NITIN SHENOY, PMP, IPMA-D, MICE</name><uri>http://www.blogger.com/profile/03930914299131199980</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='25' height='32' src='http://4.bp.blogspot.com/_mMhecv1tc6Y/ShuLYSIlaVI/AAAAAAAAAE8/gXYFfaPjquo/S220/Copy+of+Nit.JPG'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-3994696480060883840.post-6996866449709630183</id><published>2009-05-26T11:40:00.001+05:30</published><updated>2009-05-26T11:43:27.471+05:30</updated><category scheme='http://www.blogger.com/atom/ns#' term='PM Tools'/><category scheme='http://www.blogger.com/atom/ns#' term='Time Management'/><title type='text'>Gantt Chart : Benefits for Project Manager...</title><content type='html'>&lt;b&gt;&lt;span class="Apple-style-span" style="text-decoration: underline;"&gt;To Satisfy Top Mgmt &amp;amp; Client&lt;/span&gt;&lt;/b&gt;&lt;div&gt;&lt;span class="Apple-style-span" style="text-decoration: underline;"&gt;&lt;b&gt;&lt;br /&gt;&lt;/b&gt;&lt;/span&gt;&lt;/div&gt;&lt;div&gt;&lt;span class="Apple-style-span" style=""&gt;&lt;b style=""&gt;&lt;span class="Apple-style-span" style="font-family: tahoma; font-weight: normal; -webkit-text-decorations-in-effect: none; color: rgb(51, 51, 51); font-size: 11px; "&gt;&lt;p style="text-align: justify; "&gt;&lt;span class="Apple-style-span" style="font-size: medium;"&gt;Bar charts are of course used widely due to its simplicity in indicating progress compared to actual planned.&lt;/span&gt;&lt;/p&gt;&lt;p style="text-align: justify; "&gt;&lt;span class="Apple-style-span" style="font-size: medium;"&gt;But in reality the activities in a bar charts could be well planned so that the project looks on track. This is because the interdepencies are not higlighted in these charts. This inturn could not trigger any possible threat in the schedule leading to product delays.&lt;/span&gt;&lt;/p&gt;&lt;p style="text-align: justify; "&gt;&lt;strong&gt;&lt;span style="color: rgb(128, 0, 128); "&gt;&lt;span class="Apple-style-span" style="font-size: medium;"&gt;Project managers do prefer such charts to gain top mgmt and client's confidence.&lt;/span&gt;&lt;/span&gt;&lt;/strong&gt;&lt;/p&gt;&lt;/span&gt;&lt;/b&gt;&lt;/span&gt;&lt;/div&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/3994696480060883840-6996866449709630183?l=pmthinkpot.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://pmthinkpot.blogspot.com/feeds/6996866449709630183/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://pmthinkpot.blogspot.com/2009/05/gantt-chart-benefits-for-project.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/6996866449709630183'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/6996866449709630183'/><link rel='alternate' type='text/html' href='http://pmthinkpot.blogspot.com/2009/05/gantt-chart-benefits-for-project.html' title='Gantt Chart : Benefits for Project Manager...'/><author><name>NITIN SHENOY, PMP, IPMA-D, MICE</name><uri>http://www.blogger.com/profile/03930914299131199980</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='25' height='32' src='http://4.bp.blogspot.com/_mMhecv1tc6Y/ShuLYSIlaVI/AAAAAAAAAE8/gXYFfaPjquo/S220/Copy+of+Nit.JPG'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-3994696480060883840.post-8261042276804647925</id><published>2009-05-23T18:44:00.002+05:30</published><updated>2009-05-23T18:46:49.823+05:30</updated><category scheme='http://www.blogger.com/atom/ns#' term='Project Failures'/><title type='text'>Pitfalls of Project Management....</title><content type='html'>&lt;strong&gt;&lt;u&gt;&lt;span class="blsp-spelling-corrected" id="SPELLING_ERROR_0"&gt;Uncertainties&lt;/span&gt;...&lt;/u&gt;&lt;/strong&gt;&lt;br /&gt;&lt;p&gt;&lt;span class="blsp-spelling-corrected" id="SPELLING_ERROR_1"&gt;Uncertainties&lt;/span&gt; of varying degree and impact forms the part and parcel of any Project. Without uncertainties there is no project.&lt;br /&gt;&lt;strong&gt;&lt;em&gt;Our objective should be to standardize and manage the project such that these uncertainties are minimized to the extent possible.&lt;br /&gt;&lt;/em&gt;&lt;/strong&gt; A &lt;strong&gt;&lt;u&gt;contingency plan&lt;/u&gt;&lt;/strong&gt; and &lt;strong&gt;&lt;u&gt;contingency fund&lt;/u&gt;&lt;/strong&gt; to be established for &lt;span class="blsp-spelling-corrected" id="SPELLING_ERROR_2"&gt;uncertainties&lt;/span&gt; not under our control or not predictable from past &lt;span class="blsp-spelling-corrected" id="SPELLING_ERROR_3"&gt;experience&lt;/span&gt;.&lt;/p&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/3994696480060883840-8261042276804647925?l=pmthinkpot.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://pmthinkpot.blogspot.com/feeds/8261042276804647925/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://pmthinkpot.blogspot.com/2009/05/pitfalls-of-project-management.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/8261042276804647925'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/8261042276804647925'/><link rel='alternate' type='text/html' href='http://pmthinkpot.blogspot.com/2009/05/pitfalls-of-project-management.html' title='Pitfalls of Project Management....'/><author><name>NITIN SHENOY, PMP, IPMA-D, MICE</name><uri>http://www.blogger.com/profile/03930914299131199980</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='25' height='32' src='http://4.bp.blogspot.com/_mMhecv1tc6Y/ShuLYSIlaVI/AAAAAAAAAE8/gXYFfaPjquo/S220/Copy+of+Nit.JPG'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-3994696480060883840.post-3413154559098565480</id><published>2009-05-23T18:39:00.003+05:30</published><updated>2009-05-23T18:42:47.407+05:30</updated><category scheme='http://www.blogger.com/atom/ns#' term='Project Failures'/><title type='text'>How to Identify a Failing Project...???</title><content type='html'>&lt;div align="justify"&gt;&lt;strong&gt;&lt;u&gt;Success Criteria and Performance Measurement&lt;/u&gt;&lt;/strong&gt;&lt;/div&gt;&lt;p align="justify"&gt;Success Criteria defined in a project shall act as a scale or benchmark. Achievement of this benchmark determines that the project is successful as per plan.&lt;br /&gt;In order to assess whether project is on track or to forecast whether in future the project could be brought back on track, an effective project performance measurement system in line with the success criteria parameters are to be defined and implemented.&lt;br /&gt;&lt;strong&gt;Success Criteria : Eg. Profit 10%, Milestones achieved within scheduled date etc.&lt;br /&gt;Performance measurement : Earned Value Method (EVM) !&lt;/strong&gt;&lt;br /&gt;The performance measurement information and the success criteria forms the backbone any decisions made by the project management team for a healthy project completion.&lt;/p&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/3994696480060883840-3413154559098565480?l=pmthinkpot.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://pmthinkpot.blogspot.com/feeds/3413154559098565480/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://pmthinkpot.blogspot.com/2009/05/how-to-identify-failing-project.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/3413154559098565480'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/3413154559098565480'/><link rel='alternate' type='text/html' href='http://pmthinkpot.blogspot.com/2009/05/how-to-identify-failing-project.html' title='How to Identify a Failing Project...???'/><author><name>NITIN SHENOY, PMP, IPMA-D, MICE</name><uri>http://www.blogger.com/profile/03930914299131199980</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='25' height='32' src='http://4.bp.blogspot.com/_mMhecv1tc6Y/ShuLYSIlaVI/AAAAAAAAAE8/gXYFfaPjquo/S220/Copy+of+Nit.JPG'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-3994696480060883840.post-916532824606923522</id><published>2009-05-23T18:34:00.004+05:30</published><updated>2009-05-23T18:54:28.677+05:30</updated><category scheme='http://www.blogger.com/atom/ns#' term='Procurement Management'/><title type='text'>How do you control Material Wastages in a Project???</title><content type='html'>&lt;div align="justify"&gt;It has been observed from past experience that major wastage are in Bulk Materials only (say Cement, Sand, Aggregates, Bricks, Steel etc. in Construction projects).&lt;br /&gt;Hence the only way to reduce wastage is through following measures:&lt;/div&gt;&lt;ul&gt;&lt;li&gt;&lt;div align="justify"&gt;&lt;strong&gt;&lt;u&gt;Scope of Work&lt;/u&gt;&lt;/strong&gt; to be defined clearly&lt;/div&gt;&lt;/li&gt;&lt;li&gt;&lt;div align="justify"&gt;&lt;strong&gt;&lt;u&gt;Periodic plan&lt;/u&gt;&lt;/strong&gt; for respective scope of work required&lt;/div&gt;&lt;/li&gt;&lt;li&gt;&lt;div align="justify"&gt;Material &lt;strong&gt;&lt;u&gt;Specification and Unit Consumption arrived&lt;/u&gt;&lt;/strong&gt;&lt;/div&gt;&lt;/li&gt;&lt;li&gt;&lt;div align="justify"&gt;&lt;strong&gt;&lt;u&gt;Procurement cycle&lt;/u&gt;&lt;/strong&gt; considering the Lead Time in line with periodic work plan prepared to followed up.&lt;/div&gt;&lt;/li&gt;&lt;li&gt;&lt;div align="justify"&gt;&lt;strong&gt;&lt;u&gt;Regular Reconciliation&lt;/u&gt;&lt;/strong&gt; of Bulk material indented against work executed to arrive at &lt;span class="blsp-spelling-corrected" id="SPELLING_ERROR_0"&gt;wastage&lt;/span&gt;.&lt;/div&gt;&lt;/li&gt;&lt;li&gt;&lt;div align="justify"&gt;Implement &lt;strong&gt;&lt;u&gt;corrective and preventive measures&lt;/u&gt;&lt;/strong&gt;&lt;/div&gt;&lt;/li&gt;&lt;/ul&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/3994696480060883840-916532824606923522?l=pmthinkpot.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://pmthinkpot.blogspot.com/feeds/916532824606923522/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://pmthinkpot.blogspot.com/2009/05/how-do-you-control-material-wastages-in.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/916532824606923522'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/916532824606923522'/><link rel='alternate' type='text/html' href='http://pmthinkpot.blogspot.com/2009/05/how-do-you-control-material-wastages-in.html' title='How do you control Material Wastages in a Project???'/><author><name>NITIN SHENOY, PMP, IPMA-D, MICE</name><uri>http://www.blogger.com/profile/03930914299131199980</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='25' height='32' src='http://4.bp.blogspot.com/_mMhecv1tc6Y/ShuLYSIlaVI/AAAAAAAAAE8/gXYFfaPjquo/S220/Copy+of+Nit.JPG'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-3994696480060883840.post-3144702205240700835</id><published>2009-05-23T18:30:00.001+05:30</published><updated>2009-05-23T18:32:46.763+05:30</updated><category scheme='http://www.blogger.com/atom/ns#' term='Cost Management'/><title type='text'>Common error in Cost Estimation...</title><content type='html'>&lt;div align="justify"&gt;&lt;strong&gt;&lt;u&gt;Blindly relying on Vendor Quotes for Estimates...!!!&lt;/u&gt;&lt;/strong&gt;&lt;/div&gt;&lt;p align="justify"&gt;&lt;br /&gt;Most of the cost estimates in a project go wrong because we totally rely on vendor quotes and three quotation system instead of doing a detailed Item Rate Analysis for indivudal items of work.&lt;br /&gt;By relying on a vendors estimate blindly, the following risk components are on our head :&lt;/p&gt;&lt;ul&gt;&lt;li&gt;&lt;div align="justify"&gt;Lack of vendors clarity or perception on scope and specification&lt;/div&gt;&lt;/li&gt;&lt;li&gt;&lt;div align="justify"&gt;Lack of vendors knowledge on market trends&lt;/div&gt;&lt;/li&gt;&lt;li&gt;&lt;div align="justify"&gt;Lack of vendors knowledge on the inter dependcies of various activities in the project.&lt;/div&gt;&lt;/li&gt;&lt;li&gt;&lt;div align="justify"&gt;Lack of vendors knowledge on the main contractual terms and condition set between you and client&lt;/div&gt;&lt;/li&gt;&lt;li&gt;&lt;div align="justify"&gt;Vendor may quote unrealisticallly low just for the sake of winning the order and then stop performing later.&lt;/div&gt;&lt;/li&gt;&lt;/ul&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/3994696480060883840-3144702205240700835?l=pmthinkpot.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://pmthinkpot.blogspot.com/feeds/3144702205240700835/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://pmthinkpot.blogspot.com/2009/05/common-error-in-cost-estimation.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/3144702205240700835'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/3144702205240700835'/><link rel='alternate' type='text/html' href='http://pmthinkpot.blogspot.com/2009/05/common-error-in-cost-estimation.html' title='Common error in Cost Estimation...'/><author><name>NITIN SHENOY, PMP, IPMA-D, MICE</name><uri>http://www.blogger.com/profile/03930914299131199980</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='25' height='32' src='http://4.bp.blogspot.com/_mMhecv1tc6Y/ShuLYSIlaVI/AAAAAAAAAE8/gXYFfaPjquo/S220/Copy+of+Nit.JPG'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-3994696480060883840.post-1554689490466136852</id><published>2009-05-23T18:21:00.000+05:30</published><updated>2009-05-23T18:24:02.772+05:30</updated><category scheme='http://www.blogger.com/atom/ns#' term='PM Tools'/><category scheme='http://www.blogger.com/atom/ns#' term='Cost Management'/><title type='text'>How to make Project Cost Management effective...</title><content type='html'>&lt;div align="justify"&gt;&lt;/div&gt;&lt;p align="justify"&gt;&lt;strong&gt;&lt;u&gt;A Good Cost Accouting Management Information System..!!&lt;/u&gt;&lt;/strong&gt;&lt;/p&gt;&lt;p align="justify"&gt;To manage cost, first you have to use an &lt;strong&gt;MIS &lt;/strong&gt;which tracks and depicts the cost booked in the project as on date, accurately and in details under various cost heads freezed by your management for monitoring purposes.&lt;br /&gt;Forecasting and other management techniques shall be of no use if the cost booked figure in hand in not accurate enough to make decisions effectively.&lt;br /&gt;Hence it goes with the saying that, "If you know and understand your past well then you shall be in a position to rightly predict the future course".&lt;/p&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/3994696480060883840-1554689490466136852?l=pmthinkpot.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://pmthinkpot.blogspot.com/feeds/1554689490466136852/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://pmthinkpot.blogspot.com/2009/05/how-to-make-project-cost-management.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/1554689490466136852'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/1554689490466136852'/><link rel='alternate' type='text/html' href='http://pmthinkpot.blogspot.com/2009/05/how-to-make-project-cost-management.html' title='How to make Project Cost Management effective...'/><author><name>NITIN SHENOY, PMP, IPMA-D, MICE</name><uri>http://www.blogger.com/profile/03930914299131199980</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='25' height='32' src='http://4.bp.blogspot.com/_mMhecv1tc6Y/ShuLYSIlaVI/AAAAAAAAAE8/gXYFfaPjquo/S220/Copy+of+Nit.JPG'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-3994696480060883840.post-1021485221468718260</id><published>2009-05-23T14:36:00.003+05:30</published><updated>2009-05-23T18:14:21.386+05:30</updated><category scheme='http://www.blogger.com/atom/ns#' term='Communication Management'/><title type='text'>Negotiaitons and Conflict Management...</title><content type='html'>&lt;div align="justify"&gt;&lt;/div&gt;&lt;p align="justify"&gt;Projects are all made up of negotiations at various stages of project cycle.&lt;br /&gt;When we talk of negotiation its all about, getting more from less, which is the mantra for present generation. And hence effect of any &lt;span class="blsp-spelling-corrected" id="SPELLING_ERROR_0"&gt;negotiation&lt;/span&gt; process can lead to conflicts.&lt;br /&gt;Hence conflict management and negotiations go hand in hand in affecting the success of any construction projects.&lt;br /&gt;&lt;strong&gt;&lt;u&gt;If you master &lt;span class="blsp-spelling-corrected" id="SPELLING_ERROR_1"&gt;Negotiation&lt;/span&gt; and Conflict Management skills you control the Project.&lt;/u&gt;&lt;/strong&gt;&lt;/p&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/3994696480060883840-1021485221468718260?l=pmthinkpot.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://pmthinkpot.blogspot.com/feeds/1021485221468718260/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://pmthinkpot.blogspot.com/2009/05/negotiaitons-and-conflict-management.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/1021485221468718260'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/1021485221468718260'/><link rel='alternate' type='text/html' href='http://pmthinkpot.blogspot.com/2009/05/negotiaitons-and-conflict-management.html' title='Negotiaitons and Conflict Management...'/><author><name>NITIN SHENOY, PMP, IPMA-D, MICE</name><uri>http://www.blogger.com/profile/03930914299131199980</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='25' height='32' src='http://4.bp.blogspot.com/_mMhecv1tc6Y/ShuLYSIlaVI/AAAAAAAAAE8/gXYFfaPjquo/S220/Copy+of+Nit.JPG'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-3994696480060883840.post-1645257317426167242</id><published>2009-05-23T14:33:00.002+05:30</published><updated>2009-05-23T14:42:00.635+05:30</updated><category scheme='http://www.blogger.com/atom/ns#' term='Project Failures'/><title type='text'>Why do Projects Fail...???</title><content type='html'>&lt;div align="justify"&gt;&lt;strong&gt;&lt;u&gt;Success Criteria defined are Unrealistic...!!!!&lt;/u&gt;&lt;/strong&gt;&lt;/div&gt;&lt;div align="justify"&gt;Success criteria defined varies from one project to another. For example success criteria can be defined as follows : &lt;/div&gt;&lt;ul&gt;&lt;li&gt;&lt;div align="justify"&gt;Project Cost not to exceed : Rs 50 Cr in Rs 55 Cr project&lt;/div&gt;&lt;/li&gt;&lt;li&gt;&lt;div align="justify"&gt;Project to be completed &lt;span class="blsp-spelling-corrected" id="SPELLING_ERROR_0"&gt;within&lt;/span&gt; scheduled target dates&lt;/div&gt;&lt;/li&gt;&lt;li&gt;&lt;div align="justify"&gt;Gross Margin or Profit to be a min. of 10%&lt;/div&gt;&lt;/li&gt;&lt;li&gt;&lt;div align="justify"&gt;Defined intermediate milestones to be completed on set target dates&lt;/div&gt;&lt;/li&gt;&lt;li&gt;&lt;div align="justify"&gt;Stated product quality standards to be maintained&lt;/div&gt;&lt;/li&gt;&lt;li&gt;&lt;div align="justify"&gt;Zero accident to be ensured&lt;/div&gt;&lt;/li&gt;&lt;li&gt;&lt;div align="justify"&gt;Minimum Staff Productivity of Rs 10 &lt;span class="blsp-spelling-error" id="SPELLING_ERROR_1"&gt;Lakh&lt;/span&gt;/ month&lt;/div&gt;&lt;/li&gt;&lt;li&gt;&lt;div align="justify"&gt;Avg Working &lt;span class="blsp-spelling-corrected" id="SPELLING_ERROR_2"&gt;Capital&lt;/span&gt; to be within target&lt;/div&gt;&lt;/li&gt;&lt;li&gt;&lt;div align="justify"&gt;&lt;span class="blsp-spelling-corrected" id="SPELLING_ERROR_3"&gt;Out standings&lt;/span&gt; to be not more than a months o/s.&lt;/div&gt;&lt;/li&gt;&lt;li&gt;&lt;div align="justify"&gt;No legal implications or issues &lt;/div&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p align="justify"&gt;&lt;em&gt;Even if any of above set success criteria is unrealistic and not in consensus with the stakeholders, then projects &lt;span class="blsp-spelling-corrected" id="SPELLING_ERROR_4"&gt;performance&lt;/span&gt; may be misled to be a failure. &lt;/em&gt;&lt;br /&gt;&lt;strong&gt;&lt;u&gt;Not defining realistic success criteria itself is a major contributor to declare project as failure...!!!&lt;/u&gt;&lt;/strong&gt;&lt;/p&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/3994696480060883840-1645257317426167242?l=pmthinkpot.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://pmthinkpot.blogspot.com/feeds/1645257317426167242/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://pmthinkpot.blogspot.com/2009/05/why-do-projects-fail.html#comment-form' title='1 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/1645257317426167242'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/1645257317426167242'/><link rel='alternate' type='text/html' href='http://pmthinkpot.blogspot.com/2009/05/why-do-projects-fail.html' title='Why do Projects Fail...???'/><author><name>NITIN SHENOY, PMP, IPMA-D, MICE</name><uri>http://www.blogger.com/profile/03930914299131199980</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='25' height='32' src='http://4.bp.blogspot.com/_mMhecv1tc6Y/ShuLYSIlaVI/AAAAAAAAAE8/gXYFfaPjquo/S220/Copy+of+Nit.JPG'/></author><thr:total>1</thr:total></entry><entry><id>tag:blogger.com,1999:blog-3994696480060883840.post-6247491350544060188</id><published>2009-05-23T14:31:00.002+05:30</published><updated>2009-05-23T18:13:52.182+05:30</updated><category scheme='http://www.blogger.com/atom/ns#' term='Project Failures'/><title type='text'>Causes of Project Delays...!!!</title><content type='html'>&lt;div align="justify"&gt;&lt;/div&gt;&lt;p align="justify"&gt;&lt;strong&gt;&lt;u&gt;Lack of Scope Clarity &amp;amp; Formal Acceptance of &lt;span class="blsp-spelling-corrected" id="SPELLING_ERROR_0"&gt;Deliverable&lt;/span&gt; !!!&lt;/u&gt;&lt;/strong&gt;&lt;/p&gt;&lt;p align="justify"&gt;Lack of scope clarity in the project leads to various ambiguities which &lt;span class="blsp-spelling-error" id="SPELLING_ERROR_1"&gt;inturn&lt;/span&gt; affect project completion.&lt;br /&gt;If there is no scope clarity then there is no consensus on the deliverable to be produced between owner and contractor. In such cases the &lt;span class="blsp-spelling-corrected" id="SPELLING_ERROR_2"&gt;deliverable&lt;/span&gt; never get signed off or formally accepted by the owner leading to delay and over staying in projects.&lt;br /&gt;Hence Lack of Scope clarity and Absence of Formal Acceptance of &lt;span class="blsp-spelling-corrected" id="SPELLING_ERROR_3"&gt;Deliverable&lt;/span&gt; go Hand in Hand to delay completion of Project Closeout Phase.&lt;/p&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/3994696480060883840-6247491350544060188?l=pmthinkpot.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://pmthinkpot.blogspot.com/feeds/6247491350544060188/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://pmthinkpot.blogspot.com/2009/05/causes-of-construction-delays.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/6247491350544060188'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/6247491350544060188'/><link rel='alternate' type='text/html' href='http://pmthinkpot.blogspot.com/2009/05/causes-of-construction-delays.html' title='Causes of Project Delays...!!!'/><author><name>NITIN SHENOY, PMP, IPMA-D, MICE</name><uri>http://www.blogger.com/profile/03930914299131199980</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='25' height='32' src='http://4.bp.blogspot.com/_mMhecv1tc6Y/ShuLYSIlaVI/AAAAAAAAAE8/gXYFfaPjquo/S220/Copy+of+Nit.JPG'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-3994696480060883840.post-6535851440951772844</id><published>2009-05-23T14:27:00.003+05:30</published><updated>2009-05-23T14:30:23.244+05:30</updated><category scheme='http://www.blogger.com/atom/ns#' term='Communication Management'/><title type='text'>Cause of Poor Communications...!!!</title><content type='html'>&lt;div align="justify"&gt;&lt;strong&gt;&lt;u&gt;Lack of Stakeholder Analysis !!!&lt;/u&gt;&lt;/strong&gt;&lt;/div&gt;&lt;div align="justify"&gt;&lt;em&gt;&lt;strong&gt;When stakeholder analysis itself is not done in projects, then there is no point of discussing any further on the communication aspects in a project environment.&lt;/strong&gt;&lt;/em&gt;&lt;br /&gt;Without stakeholder analysis, we won't be in &lt;span class="blsp-spelling-error" id="SPELLING_ERROR_0"&gt;a position&lt;/span&gt; to identify the following :&lt;br /&gt;1. Who are all the &lt;span class="blsp-spelling-corrected" id="SPELLING_ERROR_1"&gt;stakeholders&lt;/span&gt; in the project?&lt;br /&gt;2. What and in which mode the information has to be transferred to these stakeholders?&lt;br /&gt;3. What is the frequency of such reporting systems?&lt;br /&gt;4. &lt;span class="blsp-spelling-corrected" id="SPELLING_ERROR_2"&gt;Authenticity&lt;/span&gt; and correctness of information provided?&lt;br /&gt;5. Timeliness of the reports generated and delivered?&lt;br /&gt;&lt;strong&gt;All the above is a must and should be adhered to for &lt;span class="blsp-spelling-error" id="SPELLING_ERROR_3"&gt;effect on&lt;/span&gt; communications to ensure effective decision making throughout the project cycle.&lt;/strong&gt;&lt;/div&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/3994696480060883840-6535851440951772844?l=pmthinkpot.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://pmthinkpot.blogspot.com/feeds/6535851440951772844/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://pmthinkpot.blogspot.com/2009/05/cause-of-more-communications.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/6535851440951772844'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/6535851440951772844'/><link rel='alternate' type='text/html' href='http://pmthinkpot.blogspot.com/2009/05/cause-of-more-communications.html' title='Cause of Poor Communications...!!!'/><author><name>NITIN SHENOY, PMP, IPMA-D, MICE</name><uri>http://www.blogger.com/profile/03930914299131199980</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='25' height='32' src='http://4.bp.blogspot.com/_mMhecv1tc6Y/ShuLYSIlaVI/AAAAAAAAAE8/gXYFfaPjquo/S220/Copy+of+Nit.JPG'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-3994696480060883840.post-2451346855577057765</id><published>2009-05-23T14:24:00.002+05:30</published><updated>2009-05-23T14:27:07.329+05:30</updated><category scheme='http://www.blogger.com/atom/ns#' term='Time Management'/><title type='text'>Best Scheduling Technique - A Myth!!!</title><content type='html'>&lt;div align="justify"&gt;Scheduling Techniques however good and advanced/ sophisticated they are can't be &lt;span class="blsp-spelling-error" id="SPELLING_ERROR_0"&gt;determied&lt;/span&gt; as Best as the effectiveness of such schedules lies in the activities or work packages identified as well the completeness of the schedule to bind with the total project scope.&lt;br /&gt;Also in practice it is noticed that all tools and techniques available in market / literature- &lt;span class="blsp-spelling-error" id="SPELLING_ERROR_1"&gt;CPM&lt;/span&gt;, PERT, &lt;span class="blsp-spelling-error" id="SPELLING_ERROR_2"&gt;CCPM&lt;/span&gt;, MS Project, &lt;span class="blsp-spelling-error" id="SPELLING_ERROR_3"&gt;Primavera&lt;/span&gt; &lt;strong&gt;&lt;u&gt;all are good in only generating a base schedule and arriving at a project duration for client or top &lt;span class="blsp-spelling-error" id="SPELLING_ERROR_4"&gt;mgmt&lt;/span&gt; approvals.&lt;br /&gt;&lt;/u&gt;&lt;/strong&gt;These schedules once &lt;span class="blsp-spelling-error" id="SPELLING_ERROR_5"&gt;freezed&lt;/span&gt; on day one, it takes immense efforts to &lt;span class="blsp-spelling-error" id="SPELLING_ERROR_6"&gt;rebaseline&lt;/span&gt; the schedule,  once any changes to scope occurs. Any scope change is part and parcel of projects. Also defining how&lt;u&gt; many activities is too much or too less is an art, which make life more miserable for schedulers.&lt;/u&gt; Further to this use of stringent &lt;span class="blsp-spelling-corrected" id="SPELLING_ERROR_7"&gt;inter dependencies&lt;/span&gt; other that the straight forward finish - to - start is also not very &lt;span class="blsp-spelling-error" id="SPELLING_ERROR_8"&gt;practical&lt;/span&gt; indeed.&lt;br /&gt;Mind you; all these scheduling techniques are good for planning, and they fail when it comes to monitoring and control.&lt;br /&gt;Hence these schedules management efforts normally stops at the &lt;span class="blsp-spelling-corrected" id="SPELLING_ERROR_9"&gt;initial&lt;/span&gt; stages &lt;span class="blsp-spelling-corrected" id="SPELLING_ERROR_10"&gt;itself&lt;/span&gt;, that is till the same is approved contractually after that these schedule just hang around at your office as a display piece/ monumental paper work.&lt;br /&gt;&lt;strong&gt;Its hard to DIGEST but its TRUE FACT!!!! &lt;/strong&gt;&lt;br /&gt;&lt;strong&gt;&lt;em&gt;If you don't believe in this MYTH, do visit your Project Managers Office or Project Conference Rooms and observe whats on the walls... :-)&lt;/em&gt;&lt;/strong&gt;&lt;/div&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/3994696480060883840-2451346855577057765?l=pmthinkpot.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://pmthinkpot.blogspot.com/feeds/2451346855577057765/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://pmthinkpot.blogspot.com/2009/05/best-scheduling-technique-myth.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/2451346855577057765'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/2451346855577057765'/><link rel='alternate' type='text/html' href='http://pmthinkpot.blogspot.com/2009/05/best-scheduling-technique-myth.html' title='Best Scheduling Technique - A Myth!!!'/><author><name>NITIN SHENOY, PMP, IPMA-D, MICE</name><uri>http://www.blogger.com/profile/03930914299131199980</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='25' height='32' src='http://4.bp.blogspot.com/_mMhecv1tc6Y/ShuLYSIlaVI/AAAAAAAAAE8/gXYFfaPjquo/S220/Copy+of+Nit.JPG'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-3994696480060883840.post-4912162037400442323</id><published>2009-05-23T14:04:00.004+05:30</published><updated>2009-05-23T14:24:34.549+05:30</updated><category scheme='http://www.blogger.com/atom/ns#' term='Risk Management'/><title type='text'>Risk of not implementing Risk Management...!!!</title><content type='html'>&lt;p align="justify"&gt;&lt;strong&gt;Sounds funny!&lt;/strong&gt; but its true.&lt;br /&gt;We all talk of Risks in Construction, but it is very rarely that a stringent and religious implementation of Risk Management is being effected in all construction projects.&lt;br /&gt;Risk Management doesn't necessarily enforce that separate team or individual to be nominated for &lt;span class="blsp-spelling-corrected" id="SPELLING_ERROR_0"&gt;performing&lt;/span&gt; Risk &lt;span class="blsp-spelling-error" id="SPELLING_ERROR_1"&gt;Management &lt;/span&gt;activities in a project. But every individual in the project team shall have to contribute to this.&lt;br /&gt;&lt;strong&gt;&lt;u&gt;At times a Risk Register or Risk &lt;span class="blsp-spelling-error" id="SPELLING_ERROR_2"&gt;Management &lt;/span&gt;efforts looks very active and attractive towards start of the project just to get some &lt;span class="blsp-spelling-corrected" id="SPELLING_ERROR_3"&gt;contingency&lt;/span&gt; funds approved by top &lt;span class="blsp-spelling-error" id="SPELLING_ERROR_4"&gt;management&lt;/span&gt;. &lt;/u&gt;&lt;/strong&gt;&lt;br /&gt;This approved risk fund forms a part of &lt;strong&gt;&lt;span class="blsp-spelling-corrected" id="SPELLING_ERROR_5"&gt;budgetary&lt;/span&gt; cushion&lt;/strong&gt; for Project Managers instead of serving the purpose for which it was intended to.&lt;/p&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/3994696480060883840-4912162037400442323?l=pmthinkpot.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://pmthinkpot.blogspot.com/feeds/4912162037400442323/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://pmthinkpot.blogspot.com/2009/05/risk-of-not-implementing-risk.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/4912162037400442323'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/4912162037400442323'/><link rel='alternate' type='text/html' href='http://pmthinkpot.blogspot.com/2009/05/risk-of-not-implementing-risk.html' title='Risk of not implementing Risk Management...!!!'/><author><name>NITIN SHENOY, PMP, IPMA-D, MICE</name><uri>http://www.blogger.com/profile/03930914299131199980</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='25' height='32' src='http://4.bp.blogspot.com/_mMhecv1tc6Y/ShuLYSIlaVI/AAAAAAAAAE8/gXYFfaPjquo/S220/Copy+of+Nit.JPG'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-3994696480060883840.post-6232214852556371042</id><published>2009-05-20T20:12:00.004+05:30</published><updated>2009-05-23T14:02:00.090+05:30</updated><category scheme='http://www.blogger.com/atom/ns#' term='Project Management- General'/><title type='text'>Project Management - What Not to Do...</title><content type='html'>&lt;a href="http://2.bp.blogspot.com/_mMhecv1tc6Y/ShezU9kJoxI/AAAAAAAAAEk/7kJvutdu3OQ/s1600-h/Spinning03.gif"&gt;&lt;/a&gt; 1. Use of Thumbrule estimates&lt;br /&gt;2. Not giving importance to Quantity Survey in Construction Projects&lt;br /&gt;3. Risk Management and Contingency planning neglected&lt;br /&gt;4. Project Plan considered to be a document alone and not a tool to be aligned with.&lt;br /&gt;5. Not monitoring or measuring progress effectively&lt;br /&gt;6. Preparing Project schedule with too many or too less number of activities.&lt;br /&gt;7. Doing additional works without approved rates/ prices negotiated.&lt;br /&gt;8. No legally bound contract signed while issuing sub projects / packages to sub contractors.&lt;br /&gt;9. Highlighting extent of progress and performance in varying magnitude among various stakeholders.&lt;br /&gt;10. Not performaing Stakeholder Analysis&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/3994696480060883840-6232214852556371042?l=pmthinkpot.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://pmthinkpot.blogspot.com/feeds/6232214852556371042/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://pmthinkpot.blogspot.com/2009/05/project-management-what-not-to-do.html#comment-form' title='1 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/6232214852556371042'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/6232214852556371042'/><link rel='alternate' type='text/html' href='http://pmthinkpot.blogspot.com/2009/05/project-management-what-not-to-do.html' title='Project Management - What Not to Do...'/><author><name>NITIN SHENOY, PMP, IPMA-D, MICE</name><uri>http://www.blogger.com/profile/03930914299131199980</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='25' height='32' src='http://4.bp.blogspot.com/_mMhecv1tc6Y/ShuLYSIlaVI/AAAAAAAAAE8/gXYFfaPjquo/S220/Copy+of+Nit.JPG'/></author><thr:total>1</thr:total></entry><entry><id>tag:blogger.com,1999:blog-3994696480060883840.post-3710500223052798113</id><published>2009-05-20T20:10:00.004+05:30</published><updated>2009-05-23T14:03:51.218+05:30</updated><category scheme='http://www.blogger.com/atom/ns#' term='Project Management- General'/><title type='text'>What is a PROJECT......????</title><content type='html'>&lt;strong&gt;&lt;span style="color:#000000;"&gt;PROJECT =??????? &lt;/span&gt;&lt;a href="http://3.bp.blogspot.com/_mMhecv1tc6Y/Shez-qdrxeI/AAAAAAAAAEs/2_HTNVEX5mw/s1600-h/Cool%2520Man.gif"&gt;&lt;/a&gt;&lt;span style="color:#000000;"&gt;&lt;br /&gt;&lt;/span&gt;P &lt;/strong&gt;erformance Monitoring &amp;amp; Control (MIS, EVM)&lt;br /&gt;&lt;strong&gt;R &lt;/strong&gt;ealistic Plan (Cost, Schedule and Quality Baselines)&lt;br /&gt;&lt;strong&gt;O &lt;/strong&gt;bjectives (Project Scope, Specifications and Success Criteria)&lt;br /&gt;&lt;strong&gt;J &lt;/strong&gt;ustification (Business Case to Justify the Selection of this Project)&lt;br /&gt;&lt;strong&gt;E &lt;/strong&gt;xit Criteria (Scope Verification / Formal Acceptance by Client)&lt;br /&gt;&lt;strong&gt;C &lt;/strong&gt;onstraints and Assumptions (to be continously managed)&lt;br /&gt;&lt;strong&gt;T &lt;/strong&gt;ask Oriented Execution (Resource Allocated &amp;amp; Executed)&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/3994696480060883840-3710500223052798113?l=pmthinkpot.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://pmthinkpot.blogspot.com/feeds/3710500223052798113/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://pmthinkpot.blogspot.com/2009/05/what-is-project.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/3710500223052798113'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/3710500223052798113'/><link rel='alternate' type='text/html' href='http://pmthinkpot.blogspot.com/2009/05/what-is-project.html' title='What is a PROJECT......????'/><author><name>NITIN SHENOY, PMP, IPMA-D, MICE</name><uri>http://www.blogger.com/profile/03930914299131199980</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='25' height='32' src='http://4.bp.blogspot.com/_mMhecv1tc6Y/ShuLYSIlaVI/AAAAAAAAAE8/gXYFfaPjquo/S220/Copy+of+Nit.JPG'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-3994696480060883840.post-2640522840700666162</id><published>2009-05-20T20:08:00.002+05:30</published><updated>2009-05-23T12:58:29.970+05:30</updated><category scheme='http://www.blogger.com/atom/ns#' term='Professional Ethics'/><title type='text'>What is LUCK...???</title><content type='html'>&lt;div align="justify"&gt;&lt;strong&gt;RESULT = Func(EFFORT, NOISE)&lt;br /&gt;&lt;/strong&gt;&lt;/div&gt;&lt;div align="justify"&gt;&lt;strong&gt;EFFORT&lt;/strong&gt; = Your input (Decisions &amp;amp; Actions) towards attainment of Set Goal or RESULT.&lt;br /&gt;The Success and % of Accompalishment of RESULT, also depends on the NOISE.&lt;br /&gt;&lt;strong&gt;NOISE &lt;/strong&gt;= Negative Impact on account of Other's Input (Decisions &amp;amp; Actions)&lt;br /&gt;&lt;/div&gt;&lt;div align="justify"&gt;If Noise is in your Favour, then you are Lucky&lt;br /&gt;i.e. 100% EFFORT gives 100% RESULT&lt;br /&gt;If Noise is against you, then you are Unlucky&lt;br /&gt;i.e. 100% EFFORT gives lesser than 100% RESULT&lt;br /&gt;&lt;/div&gt;&lt;div align="justify"&gt;At any case RESULTS can be at PAR or BELOW EFFORTS made but NOT ABOVE EFFORTS MADE...&lt;br /&gt;&lt;/div&gt;&lt;div align="justify"&gt;Hence, if anyone says I expected 80% in Exam but scored 85%, and he calls himself LUCKY...&lt;br /&gt;Then its wrong statement, he scored 85% because his efforts were at par or above 85% level . &lt;strong&gt;&lt;u&gt;This shows he has only UNDERESTIMATED HIS EFFORTS and LUCK has nothing to DO with this..&lt;br /&gt;&lt;/u&gt;&lt;/strong&gt;&lt;/div&gt;&lt;div align="justify"&gt;&lt;strong&gt;Thus LUCK just helps us in Getting desired RESULT at par with EFFORTS made and not OVER and ABOVE EFFORTS Made...!!!&lt;/strong&gt;&lt;/div&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/3994696480060883840-2640522840700666162?l=pmthinkpot.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://pmthinkpot.blogspot.com/feeds/2640522840700666162/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://pmthinkpot.blogspot.com/2009/05/what-is-luck.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/2640522840700666162'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/2640522840700666162'/><link rel='alternate' type='text/html' href='http://pmthinkpot.blogspot.com/2009/05/what-is-luck.html' title='What is LUCK...???'/><author><name>NITIN SHENOY, PMP, IPMA-D, MICE</name><uri>http://www.blogger.com/profile/03930914299131199980</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='25' height='32' src='http://4.bp.blogspot.com/_mMhecv1tc6Y/ShuLYSIlaVI/AAAAAAAAAE8/gXYFfaPjquo/S220/Copy+of+Nit.JPG'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-3994696480060883840.post-69657724900464632</id><published>2009-05-20T11:24:00.001+05:30</published><updated>2009-05-23T12:59:04.709+05:30</updated><category scheme='http://www.blogger.com/atom/ns#' term='Contract Management'/><title type='text'>What are the management techiniques adopted by large construction companies in order to minimise disputes and claims?</title><content type='html'>&lt;div align="justify"&gt;Use of ISSUE LOGS...&lt;br /&gt;ISSUE LOGS refers to a document convering the following details updated during any ISSUES/DISPUTES raised between two parties in a CONTRACT and ISSUES analyzed on a Priotity Basis: &lt;/div&gt;&lt;ul&gt;&lt;li&gt;&lt;div align="justify"&gt;Date of Issue &lt;/div&gt;&lt;/li&gt;&lt;li&gt;&lt;div align="justify"&gt;Between Which Parties &lt;/div&gt;&lt;/li&gt;&lt;li&gt;&lt;div align="justify"&gt;Issue Title / Description &lt;/div&gt;&lt;/li&gt;&lt;li&gt;&lt;div align="justify"&gt;Root Cause of Issue &lt;/div&gt;&lt;/li&gt;&lt;li&gt;&lt;div align="justify"&gt;Outcomes &lt;/div&gt;&lt;/li&gt;&lt;li&gt;&lt;div align="justify"&gt;Corrective Action / Preventive Action to be Taken &lt;/div&gt;&lt;/li&gt;&lt;li&gt;&lt;div align="justify"&gt;Effect on Set Project Constraints (Priority Weightage) &lt;/div&gt;&lt;/li&gt;&lt;li&gt;&lt;div align="justify"&gt;Reference to related Records / Correspondences &lt;/div&gt;&lt;/li&gt;&lt;li&gt;&lt;div align="justify"&gt;Claim Amount with Break Up Details (If any) &lt;/div&gt;&lt;/li&gt;&lt;li&gt;&lt;div align="justify"&gt;Acknowledgement fromthe other Party with Remarks &lt;/div&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p align="justify"&gt;These Issue Logs when maintained shall aid any party in supporting themselves with necessary evidences to avoid disputes or to win in any of the claims / disputes raised...!!!&lt;br /&gt;&lt;/p&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/3994696480060883840-69657724900464632?l=pmthinkpot.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://pmthinkpot.blogspot.com/feeds/69657724900464632/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://pmthinkpot.blogspot.com/2009/05/what-are-management-techiniques-adopted.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/69657724900464632'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/69657724900464632'/><link rel='alternate' type='text/html' href='http://pmthinkpot.blogspot.com/2009/05/what-are-management-techiniques-adopted.html' title='What are the management techiniques adopted by large construction companies in order to minimise disputes and claims?'/><author><name>NITIN SHENOY, PMP, IPMA-D, MICE</name><uri>http://www.blogger.com/profile/03930914299131199980</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='25' height='32' src='http://4.bp.blogspot.com/_mMhecv1tc6Y/ShuLYSIlaVI/AAAAAAAAAE8/gXYFfaPjquo/S220/Copy+of+Nit.JPG'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-3994696480060883840.post-1582613883626675030</id><published>2009-05-20T11:09:00.003+05:30</published><updated>2009-05-23T12:54:31.910+05:30</updated><category scheme='http://www.blogger.com/atom/ns#' term='PM Tools'/><title type='text'>When is Critical Path Method most effective in Construction Scheduling and why?</title><content type='html'>&lt;div align="justify"&gt;CPM is useful only in Planning Stage to arrive at Project Duration for Top Mgmt and Client Approvals..&lt;br /&gt;After that, CPM Network gets OBSOLETE as SCOPE changes gets introduced right from Day 1...&lt;/div&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/3994696480060883840-1582613883626675030?l=pmthinkpot.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://pmthinkpot.blogspot.com/feeds/1582613883626675030/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://pmthinkpot.blogspot.com/2009/05/when-critical-path-method-most.html#comment-form' title='1 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/1582613883626675030'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/1582613883626675030'/><link rel='alternate' type='text/html' href='http://pmthinkpot.blogspot.com/2009/05/when-critical-path-method-most.html' title='When is Critical Path Method most effective in Construction Scheduling and why?'/><author><name>NITIN SHENOY, PMP, IPMA-D, MICE</name><uri>http://www.blogger.com/profile/03930914299131199980</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='25' height='32' src='http://4.bp.blogspot.com/_mMhecv1tc6Y/ShuLYSIlaVI/AAAAAAAAAE8/gXYFfaPjquo/S220/Copy+of+Nit.JPG'/></author><thr:total>1</thr:total></entry><entry><id>tag:blogger.com,1999:blog-3994696480060883840.post-1775660180778171400</id><published>2009-05-20T11:06:00.003+05:30</published><updated>2009-05-23T12:59:39.716+05:30</updated><category scheme='http://www.blogger.com/atom/ns#' term='Safety Management'/><title type='text'>Safety in Construction?</title><content type='html'>&lt;div align="justify"&gt;Expenses incurred at Project Sites towards SAFETY PRECAUTIONS are a measure of importance given by an Orgnaizations towards SAFETY..&lt;br /&gt;These Expenses towards SAFETY are not even at par with Stationary Expenses at Site..&lt;br /&gt;Human Life is valued Lesser than amount spent for reprinting Progress Reports at SITE...&lt;br /&gt;SAFETY starts with "S" but BEGINS with "U"&lt;/div&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/3994696480060883840-1775660180778171400?l=pmthinkpot.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://pmthinkpot.blogspot.com/feeds/1775660180778171400/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://pmthinkpot.blogspot.com/2009/05/safety-in-construction.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/1775660180778171400'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/1775660180778171400'/><link rel='alternate' type='text/html' href='http://pmthinkpot.blogspot.com/2009/05/safety-in-construction.html' title='Safety in Construction?'/><author><name>NITIN SHENOY, PMP, IPMA-D, MICE</name><uri>http://www.blogger.com/profile/03930914299131199980</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='25' height='32' src='http://4.bp.blogspot.com/_mMhecv1tc6Y/ShuLYSIlaVI/AAAAAAAAAE8/gXYFfaPjquo/S220/Copy+of+Nit.JPG'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-3994696480060883840.post-3017997302209631115</id><published>2009-05-20T11:05:00.002+05:30</published><updated>2009-05-23T13:00:16.879+05:30</updated><category scheme='http://www.blogger.com/atom/ns#' term='Project Management- General'/><title type='text'>As a Project Manager what tips are to be taken in Mind?</title><content type='html'>&lt;div align="justify"&gt;&lt;strong&gt;Project Manager = Thick Skinned + Thick Tongued&lt;br /&gt;&lt;/strong&gt;Thick Skinned = Handle any given situation and decide with COOL MIND...!!!&lt;br /&gt;Thick Tongued = Communicate information and decisions well and continously to all Stakeholders...!!!&lt;/div&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/3994696480060883840-3017997302209631115?l=pmthinkpot.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://pmthinkpot.blogspot.com/feeds/3017997302209631115/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://pmthinkpot.blogspot.com/2009/05/as-project-manager-what-tips-are-to-be.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/3017997302209631115'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/3017997302209631115'/><link rel='alternate' type='text/html' href='http://pmthinkpot.blogspot.com/2009/05/as-project-manager-what-tips-are-to-be.html' title='As a Project Manager what tips are to be taken in Mind?'/><author><name>NITIN SHENOY, PMP, IPMA-D, MICE</name><uri>http://www.blogger.com/profile/03930914299131199980</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='25' height='32' src='http://4.bp.blogspot.com/_mMhecv1tc6Y/ShuLYSIlaVI/AAAAAAAAAE8/gXYFfaPjquo/S220/Copy+of+Nit.JPG'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-3994696480060883840.post-1804380149368155416</id><published>2009-05-20T11:04:00.002+05:30</published><updated>2009-05-23T12:55:51.540+05:30</updated><category scheme='http://www.blogger.com/atom/ns#' term='PM Tools'/><category scheme='http://www.blogger.com/atom/ns#' term='Time Management'/><title type='text'>Is bar chart a better option for Project Planing?</title><content type='html'>&lt;div align="justify"&gt;B = Broad Level View&lt;br /&gt;A = Actual Status against Planned&lt;br /&gt;R = Rational&lt;br /&gt;C = Consensus in Understanding&lt;br /&gt;H = Highlights Progress&lt;br /&gt;A = Actionable&lt;br /&gt;R = Required for TOP Mgmt or Client Communications&lt;br /&gt;T = Time Scaled&lt;/div&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/3994696480060883840-1804380149368155416?l=pmthinkpot.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://pmthinkpot.blogspot.com/feeds/1804380149368155416/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://pmthinkpot.blogspot.com/2009/05/is-bar-chart-is-better-option-for.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/1804380149368155416'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/1804380149368155416'/><link rel='alternate' type='text/html' href='http://pmthinkpot.blogspot.com/2009/05/is-bar-chart-is-better-option-for.html' title='Is bar chart a better option for Project Planing?'/><author><name>NITIN SHENOY, PMP, IPMA-D, MICE</name><uri>http://www.blogger.com/profile/03930914299131199980</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='25' height='32' src='http://4.bp.blogspot.com/_mMhecv1tc6Y/ShuLYSIlaVI/AAAAAAAAAE8/gXYFfaPjquo/S220/Copy+of+Nit.JPG'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-3994696480060883840.post-4488824973367967800</id><published>2009-05-20T11:03:00.003+05:30</published><updated>2009-05-23T13:17:01.114+05:30</updated><category scheme='http://www.blogger.com/atom/ns#' term='PM Techniques'/><category scheme='http://www.blogger.com/atom/ns#' term='Cost Management'/><category scheme='http://www.blogger.com/atom/ns#' term='Time Management'/><title type='text'>What is Earned Value in Project Management??</title><content type='html'>&lt;div align="justify"&gt;&lt;strong&gt;Earned Value at any point measures&lt;/strong&gt; :&lt;br /&gt;Whether a Work done is &lt;/div&gt;&lt;ol&gt;&lt;li&gt;&lt;div align="justify"&gt;Cost --&gt; On Budget, Under Budget or Over Budget &lt;/div&gt;&lt;/li&gt;&lt;li&gt;&lt;div align="justify"&gt;Time --&gt;On schedule , Ahead of Schedule or Behind Schedule &lt;/div&gt;&lt;/li&gt;&lt;li&gt;&lt;div align="justify"&gt;Actual Cost &amp;amp; Time Efficiency? &lt;/div&gt;&lt;/li&gt;&lt;li&gt;&lt;div align="justify"&gt;With Present Efficiency --&gt; How much we shall be spending in future? &lt;/div&gt;&lt;/li&gt;&lt;li&gt;&lt;div align="justify"&gt;If to be within Budget --&gt; What efficiency to be attained in Future?&lt;/div&gt;&lt;/li&gt;&lt;/ol&gt;&lt;p align="justify"&gt;Problem : GOOD CONCEPT, But at what level to be applied, WBS - Work Package, Summary Level or Activity level???&lt;/p&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/3994696480060883840-4488824973367967800?l=pmthinkpot.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://pmthinkpot.blogspot.com/feeds/4488824973367967800/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://pmthinkpot.blogspot.com/2009/05/what-is-earned-value-in-project.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/4488824973367967800'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/4488824973367967800'/><link rel='alternate' type='text/html' href='http://pmthinkpot.blogspot.com/2009/05/what-is-earned-value-in-project.html' title='What is Earned Value in Project Management??'/><author><name>NITIN SHENOY, PMP, IPMA-D, MICE</name><uri>http://www.blogger.com/profile/03930914299131199980</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='25' height='32' src='http://4.bp.blogspot.com/_mMhecv1tc6Y/ShuLYSIlaVI/AAAAAAAAAE8/gXYFfaPjquo/S220/Copy+of+Nit.JPG'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-3994696480060883840.post-6725488756808004191</id><published>2009-05-20T11:02:00.002+05:30</published><updated>2009-05-23T13:04:55.966+05:30</updated><category scheme='http://www.blogger.com/atom/ns#' term='PM Tools'/><title type='text'>Which tools are you using for managing projects?</title><content type='html'>&lt;div align="justify"&gt;Customized Spreadsheet (say MS Excel Templates) based on Top Management, Client and Project Specific Requirement is developed through continous learning and adaptation, is predominantly used for any PM Data/ Information representation and analysis...&lt;/div&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/3994696480060883840-6725488756808004191?l=pmthinkpot.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://pmthinkpot.blogspot.com/feeds/6725488756808004191/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://pmthinkpot.blogspot.com/2009/05/which-tools-are-you-using-for-managing.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/6725488756808004191'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/6725488756808004191'/><link rel='alternate' type='text/html' href='http://pmthinkpot.blogspot.com/2009/05/which-tools-are-you-using-for-managing.html' title='Which tools are you using for managing projects?'/><author><name>NITIN SHENOY, PMP, IPMA-D, MICE</name><uri>http://www.blogger.com/profile/03930914299131199980</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='25' height='32' src='http://4.bp.blogspot.com/_mMhecv1tc6Y/ShuLYSIlaVI/AAAAAAAAAE8/gXYFfaPjquo/S220/Copy+of+Nit.JPG'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-3994696480060883840.post-4133095157524372031</id><published>2009-05-20T11:00:00.001+05:30</published><updated>2009-05-23T13:00:58.081+05:30</updated><category scheme='http://www.blogger.com/atom/ns#' term='Time Management'/><title type='text'>Why focus on labour for increasing productivity?</title><content type='html'>&lt;div align="justify"&gt;In Construction domain, in spite of Heavy Mechanization, Around 95% of the activities within the Project Duration are labour intentsive.&lt;br /&gt;As accuracy in estimating the Material Costs forms the prime factor in Cost Budgeting, similarly Labour Productivity forms the prime factor in calculating ETC (Estimate to Complete) Duration of every activity in the project.&lt;br /&gt;Labour Productivity is affected mainly due to Wrong Logical sequencing and Poor Crew Mobilization Plan resulting in&lt;br /&gt;1. Labour Resource available at spot, and is IDLE, since preceeding activity not completed.&lt;br /&gt;2. Lack of Timely Delivery of Supporting Informations/ Instructions and Material Resources&lt;/div&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/3994696480060883840-4133095157524372031?l=pmthinkpot.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://pmthinkpot.blogspot.com/feeds/4133095157524372031/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://pmthinkpot.blogspot.com/2009/05/why-focus-on-labour-for-increasing.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/4133095157524372031'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/4133095157524372031'/><link rel='alternate' type='text/html' href='http://pmthinkpot.blogspot.com/2009/05/why-focus-on-labour-for-increasing.html' title='Why focus on labour for increasing productivity?'/><author><name>NITIN SHENOY, PMP, IPMA-D, MICE</name><uri>http://www.blogger.com/profile/03930914299131199980</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='25' height='32' src='http://4.bp.blogspot.com/_mMhecv1tc6Y/ShuLYSIlaVI/AAAAAAAAAE8/gXYFfaPjquo/S220/Copy+of+Nit.JPG'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-3994696480060883840.post-8449189022976932692</id><published>2009-05-20T10:59:00.002+05:30</published><updated>2009-05-23T13:14:43.487+05:30</updated><category scheme='http://www.blogger.com/atom/ns#' term='Certifications'/><title type='text'>What are your thoughts about PMP certification?</title><content type='html'>&lt;div align="justify"&gt;PMP is a very accredited and globally recognized for exhibiting and proving your inclination, grip and capability to implement PM processes in your day to day Project Management Duties.&lt;br /&gt;Above all attaining PMP Credential is a Morale BOOSTER and you gain CONFIDENCE in applying your PROJECT MANAGEMENT Skills at your WORK...!!!&lt;/div&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/3994696480060883840-8449189022976932692?l=pmthinkpot.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://pmthinkpot.blogspot.com/feeds/8449189022976932692/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://pmthinkpot.blogspot.com/2009/05/what-are-your-thoughts-about-pmp.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/8449189022976932692'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/8449189022976932692'/><link rel='alternate' type='text/html' href='http://pmthinkpot.blogspot.com/2009/05/what-are-your-thoughts-about-pmp.html' title='What are your thoughts about PMP certification?'/><author><name>NITIN SHENOY, PMP, IPMA-D, MICE</name><uri>http://www.blogger.com/profile/03930914299131199980</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='25' height='32' src='http://4.bp.blogspot.com/_mMhecv1tc6Y/ShuLYSIlaVI/AAAAAAAAAE8/gXYFfaPjquo/S220/Copy+of+Nit.JPG'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-3994696480060883840.post-1816157563968128106</id><published>2009-05-20T10:57:00.001+05:30</published><updated>2009-05-23T13:07:12.355+05:30</updated><category scheme='http://www.blogger.com/atom/ns#' term='Professional Ethics'/><title type='text'>Presently Civil Engineers are facing problems in their jobs, It will continue? The Boom will come?</title><content type='html'>&lt;div align="justify"&gt;Good Civil Engineers with Professional Commitment are very scarce in the present generation considering the fact that very few abitious students take up CIVIL ENGINEERING as a DISCIPLINE and later develop their CAREER in it.&lt;br /&gt;But regarding prospects of a Civil Engineer in a Professional Career as well as Job Scenarios, it is immaterial provided you are skilled , knowledgeable, having right attitude and is inclined towards continous learning and improvement...!!!&lt;/div&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/3994696480060883840-1816157563968128106?l=pmthinkpot.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://pmthinkpot.blogspot.com/feeds/1816157563968128106/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://pmthinkpot.blogspot.com/2009/05/presently-civil-engineers-are-facing.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/1816157563968128106'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/1816157563968128106'/><link rel='alternate' type='text/html' href='http://pmthinkpot.blogspot.com/2009/05/presently-civil-engineers-are-facing.html' title='Presently Civil Engineers are facing problems in their jobs, It will continue? The Boom will come?'/><author><name>NITIN SHENOY, PMP, IPMA-D, MICE</name><uri>http://www.blogger.com/profile/03930914299131199980</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='25' height='32' src='http://4.bp.blogspot.com/_mMhecv1tc6Y/ShuLYSIlaVI/AAAAAAAAAE8/gXYFfaPjquo/S220/Copy+of+Nit.JPG'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-3994696480060883840.post-3420025670968139888</id><published>2009-05-20T10:55:00.001+05:30</published><updated>2009-05-23T13:07:45.676+05:30</updated><category scheme='http://www.blogger.com/atom/ns#' term='Cost Management'/><title type='text'>Hou will we minimize the over heads in project?</title><content type='html'>&lt;div align="justify"&gt;1. Timely Mobilization &amp;amp; Demobilization of Resources&lt;br /&gt;2. Effective use of MIS - Management Information System&lt;br /&gt;3. Maintain a minimum Staff Productivity - Say Res 15 Lakhs of Invoice/Staff Month. If nto achieved look for loop holes and problems in invoicing or over staffing&lt;br /&gt;4. Avoid procurement in small quantities leading to excessive conveyance and transportation charges. Always plan in lots.&lt;br /&gt;5. Multi skilled Manpower and Staff could be handy at times to utilize learning curve efforts in the project.&lt;/div&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/3994696480060883840-3420025670968139888?l=pmthinkpot.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://pmthinkpot.blogspot.com/feeds/3420025670968139888/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://pmthinkpot.blogspot.com/2009/05/hou-will-we-minimize-over-heads-in.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/3420025670968139888'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/3420025670968139888'/><link rel='alternate' type='text/html' href='http://pmthinkpot.blogspot.com/2009/05/hou-will-we-minimize-over-heads-in.html' title='Hou will we minimize the over heads in project?'/><author><name>NITIN SHENOY, PMP, IPMA-D, MICE</name><uri>http://www.blogger.com/profile/03930914299131199980</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='25' height='32' src='http://4.bp.blogspot.com/_mMhecv1tc6Y/ShuLYSIlaVI/AAAAAAAAAE8/gXYFfaPjquo/S220/Copy+of+Nit.JPG'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-3994696480060883840.post-7925988486246118054</id><published>2009-05-20T10:53:00.001+05:30</published><updated>2009-05-23T13:08:40.070+05:30</updated><category scheme='http://www.blogger.com/atom/ns#' term='Knowledge Management'/><title type='text'>Shoul we have a Database on "Lessons learnt" of major construction projects?</title><content type='html'>&lt;div align="justify"&gt;&lt;strong&gt;A LESSON LEARNT Databae is a MUST for the following reasons : -&lt;br /&gt;&lt;/strong&gt;1. Continuous Learning and Improvements&lt;br /&gt;2. To avoid repeatitive mistakes&lt;br /&gt;3. To avoid efforts from scratch for a work / effort already made in the past&lt;br /&gt;&lt;strong&gt;But SUCCESS of LESSONS LEARNT depends on the following :&lt;br /&gt;&lt;/strong&gt;1. Categorization of Cases using Keyworks&lt;br /&gt;2. Storage and Sharing Mechanism Employed&lt;br /&gt;3. Trust Worthiness - That is both Good and Bad experiences to be documentated and shared&lt;br /&gt;4. Knowledge sharing Incentive&lt;br /&gt;5.Easy Retrieval and Search Mechanism to Identify the right and only required extent of Knowledge from the the Database to be put in use...!!!&lt;/div&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/3994696480060883840-7925988486246118054?l=pmthinkpot.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://pmthinkpot.blogspot.com/feeds/7925988486246118054/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://pmthinkpot.blogspot.com/2009/05/shoul-we-have-database-on-lessons.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/7925988486246118054'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/7925988486246118054'/><link rel='alternate' type='text/html' href='http://pmthinkpot.blogspot.com/2009/05/shoul-we-have-database-on-lessons.html' title='Shoul we have a Database on &quot;Lessons learnt&quot; of major construction projects?'/><author><name>NITIN SHENOY, PMP, IPMA-D, MICE</name><uri>http://www.blogger.com/profile/03930914299131199980</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='25' height='32' src='http://4.bp.blogspot.com/_mMhecv1tc6Y/ShuLYSIlaVI/AAAAAAAAAE8/gXYFfaPjquo/S220/Copy+of+Nit.JPG'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-3994696480060883840.post-3955712813057232568</id><published>2009-05-20T10:51:00.001+05:30</published><updated>2009-05-23T13:09:29.327+05:30</updated><category scheme='http://www.blogger.com/atom/ns#' term='Cost Management'/><title type='text'>What is the accurate and standard method of manpower estimation in construction projects?</title><content type='html'>&lt;div align="justify"&gt;&lt;strong&gt;Manpower Estimates depend on only two factors:-&lt;br /&gt;&lt;/strong&gt;1. Market Rate - very directly available on market analysis / survey&lt;br /&gt;2. Productivity Rate - available in CPWD standards - Delhi Schedule of rates&lt;br /&gt;&lt;strong&gt;But productivity Rate in reality inturn is depends on the following:&lt;br /&gt;&lt;/strong&gt;1. Skill Level of Workforces&lt;br /&gt;2. Availability of Material and information to work with&lt;br /&gt;3. Quality measures and Workmanship expected&lt;br /&gt;4. Safety measures in place&lt;br /&gt;5. Risk Factor&lt;br /&gt;6. Environmental Factors&lt;br /&gt;Thus a judicious productivity rate to be assumed for calculating MANPOWER Estimates in a project..!!!&lt;/div&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/3994696480060883840-3955712813057232568?l=pmthinkpot.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://pmthinkpot.blogspot.com/feeds/3955712813057232568/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://pmthinkpot.blogspot.com/2009/05/what-is-accurate-and-standard-method-of.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/3955712813057232568'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/3955712813057232568'/><link rel='alternate' type='text/html' href='http://pmthinkpot.blogspot.com/2009/05/what-is-accurate-and-standard-method-of.html' title='What is the accurate and standard method of manpower estimation in construction projects?'/><author><name>NITIN SHENOY, PMP, IPMA-D, MICE</name><uri>http://www.blogger.com/profile/03930914299131199980</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='25' height='32' src='http://4.bp.blogspot.com/_mMhecv1tc6Y/ShuLYSIlaVI/AAAAAAAAAE8/gXYFfaPjquo/S220/Copy+of+Nit.JPG'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-3994696480060883840.post-651816802736506253</id><published>2009-05-19T20:14:00.001+05:30</published><updated>2009-05-23T13:09:44.621+05:30</updated><category scheme='http://www.blogger.com/atom/ns#' term='Scope Management'/><title type='text'>Why scope is important ?</title><content type='html'>&lt;div align="justify"&gt;A well defined and understood &lt;strong&gt;SCOPE indicates that PROJECT is in HEALTHY State&lt;/strong&gt; and its &lt;strong&gt;progress can be CONTROLLED effectively&lt;/strong&gt;...&lt;br /&gt;The efficiency and effectives of any process in project management is governed by the SCOPE of the Project.&lt;br /&gt;Eg.:&lt;br /&gt;&lt;em&gt;&lt;strong&gt;Understanding scope is like knowing what topics you are going to be tested on in the exam?&lt;br /&gt;A well defined scope is synonymous to having a Question Paper in hand prior to attending the Exam.&lt;/strong&gt;&lt;br /&gt;&lt;/em&gt;How better can your situation be than this one....!!!!&lt;/div&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/3994696480060883840-651816802736506253?l=pmthinkpot.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://pmthinkpot.blogspot.com/feeds/651816802736506253/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://pmthinkpot.blogspot.com/2009/05/why-scope-is-important.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/651816802736506253'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/651816802736506253'/><link rel='alternate' type='text/html' href='http://pmthinkpot.blogspot.com/2009/05/why-scope-is-important.html' title='Why scope is important ?'/><author><name>NITIN SHENOY, PMP, IPMA-D, MICE</name><uri>http://www.blogger.com/profile/03930914299131199980</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='25' height='32' src='http://4.bp.blogspot.com/_mMhecv1tc6Y/ShuLYSIlaVI/AAAAAAAAAE8/gXYFfaPjquo/S220/Copy+of+Nit.JPG'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-3994696480060883840.post-9144132293049841496</id><published>2009-05-19T20:12:00.001+05:30</published><updated>2009-05-23T13:10:35.062+05:30</updated><category scheme='http://www.blogger.com/atom/ns#' term='Human Resource Management'/><title type='text'>What are the major pitfalls for beginning project managers?</title><content type='html'>&lt;p align="justify"&gt;The following are the areas where a new project manager shall fall in a dilemma on to what decision or step to be taken:&lt;/p&gt;&lt;ul&gt;&lt;li&gt;&lt;div align="justify"&gt;Trying to execute the tasks in hand rather that managing them &lt;/div&gt;&lt;/li&gt;&lt;li&gt;&lt;div align="justify"&gt;Overdoing &lt;/div&gt;&lt;/li&gt;&lt;li&gt;&lt;div align="justify"&gt;People management and soft issues - Managing work done by people or people themselves ? &lt;/div&gt;&lt;/li&gt;&lt;li&gt;&lt;div align="justify"&gt;To compromise of Cost or Quality or Scope or Time? &lt;/div&gt;&lt;/li&gt;&lt;li&gt;&lt;div align="justify"&gt;Dealing with Client requirments? &lt;/div&gt;&lt;/li&gt;&lt;/ul&gt;&lt;div align="justify"&gt;&lt;/div&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/3994696480060883840-9144132293049841496?l=pmthinkpot.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://pmthinkpot.blogspot.com/feeds/9144132293049841496/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://pmthinkpot.blogspot.com/2009/05/what-are-major-pitfalls-for-beginning.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/9144132293049841496'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/9144132293049841496'/><link rel='alternate' type='text/html' href='http://pmthinkpot.blogspot.com/2009/05/what-are-major-pitfalls-for-beginning.html' title='What are the major pitfalls for beginning project managers?'/><author><name>NITIN SHENOY, PMP, IPMA-D, MICE</name><uri>http://www.blogger.com/profile/03930914299131199980</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='25' height='32' src='http://4.bp.blogspot.com/_mMhecv1tc6Y/ShuLYSIlaVI/AAAAAAAAAE8/gXYFfaPjquo/S220/Copy+of+Nit.JPG'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-3994696480060883840.post-1049834143960828589</id><published>2009-05-19T20:09:00.001+05:30</published><updated>2009-05-23T13:11:44.482+05:30</updated><category scheme='http://www.blogger.com/atom/ns#' term='Project Failures'/><title type='text'>Why Some organizations projects fail one after another ???</title><content type='html'>&lt;div align="justify"&gt;Because most of the time the commitment and drive present in the contracts team to wing an LOI for a project for showing a good order booking, is not present in the Project Management Team to make sure the project gets completed. The reasons may be as follows:&lt;/div&gt;&lt;ul&gt;&lt;li&gt;&lt;div align="justify"&gt;Under Quoting &lt;/div&gt;&lt;/li&gt;&lt;li&gt;&lt;div align="justify"&gt;Lack of Skilled Workforce &lt;/div&gt;&lt;/li&gt;&lt;li&gt;&lt;div align="justify"&gt;Lack of Directon and Support from Top mgmt &lt;/div&gt;&lt;/li&gt;&lt;li&gt;&lt;div align="justify"&gt;Fund Shortage &lt;/div&gt;&lt;/li&gt;&lt;li&gt;&lt;div align="justify"&gt;Absence of good MIS &lt;/div&gt;&lt;/li&gt;&lt;li&gt;&lt;div align="justify"&gt;Above all Lack of Planning and Monitoring &lt;/div&gt;&lt;/li&gt;&lt;/ul&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/3994696480060883840-1049834143960828589?l=pmthinkpot.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://pmthinkpot.blogspot.com/feeds/1049834143960828589/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://pmthinkpot.blogspot.com/2009/05/why-some-organizations-projects-fail.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/1049834143960828589'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/1049834143960828589'/><link rel='alternate' type='text/html' href='http://pmthinkpot.blogspot.com/2009/05/why-some-organizations-projects-fail.html' title='Why Some organizations projects fail one after another ???'/><author><name>NITIN SHENOY, PMP, IPMA-D, MICE</name><uri>http://www.blogger.com/profile/03930914299131199980</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='25' height='32' src='http://4.bp.blogspot.com/_mMhecv1tc6Y/ShuLYSIlaVI/AAAAAAAAAE8/gXYFfaPjquo/S220/Copy+of+Nit.JPG'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-3994696480060883840.post-3487162451166643047</id><published>2009-05-19T20:06:00.001+05:30</published><updated>2009-05-23T13:12:09.638+05:30</updated><category scheme='http://www.blogger.com/atom/ns#' term='Certifications'/><title type='text'>PMP certification after civil engineering?</title><content type='html'>&lt;div align="justify"&gt;&lt;strong&gt;&lt;u&gt;PMP certification matters mainly if you work in a project environment.&lt;br /&gt;&lt;/u&gt;&lt;/strong&gt;PMP certification is first a professional skill development for any individual. It boosts the confidence level of an individual and enhances his competencey in understanding and applying various processes involved in a project management field.&lt;br /&gt;PMP credential indicates to the project manegement professional world that you have a good understanding of PMBOK (Project Management Body of Knowledge), a globally accepted standard published by PMI, which has a good consensus in the project management community.&lt;/div&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/3994696480060883840-3487162451166643047?l=pmthinkpot.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://pmthinkpot.blogspot.com/feeds/3487162451166643047/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://pmthinkpot.blogspot.com/2009/05/pmp-certification-after-civil.html#comment-form' title='1 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/3487162451166643047'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/3487162451166643047'/><link rel='alternate' type='text/html' href='http://pmthinkpot.blogspot.com/2009/05/pmp-certification-after-civil.html' title='PMP certification after civil engineering?'/><author><name>NITIN SHENOY, PMP, IPMA-D, MICE</name><uri>http://www.blogger.com/profile/03930914299131199980</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='25' height='32' src='http://4.bp.blogspot.com/_mMhecv1tc6Y/ShuLYSIlaVI/AAAAAAAAAE8/gXYFfaPjquo/S220/Copy+of+Nit.JPG'/></author><thr:total>1</thr:total></entry><entry><id>tag:blogger.com,1999:blog-3994696480060883840.post-2424231540286570558</id><published>2009-03-12T11:43:00.002+05:30</published><updated>2009-05-23T13:12:29.462+05:30</updated><category scheme='http://www.blogger.com/atom/ns#' term='Planning Process'/><title type='text'>How to Drive the Importance of Planning in Projects ?</title><content type='html'>Project Planning is the heart of any Project. The success and failures of any project could be attributed to the skill level and experience of the project planning team.&lt;br /&gt;Project planning is all about foreseeing, forecasting, implementation of corrective and preventive actions all of which are the key drivers to a project's success.&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/3994696480060883840-2424231540286570558?l=pmthinkpot.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://pmthinkpot.blogspot.com/feeds/2424231540286570558/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://pmthinkpot.blogspot.com/2009/03/how-to-drive-importance-of-planning-in.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/2424231540286570558'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/2424231540286570558'/><link rel='alternate' type='text/html' href='http://pmthinkpot.blogspot.com/2009/03/how-to-drive-importance-of-planning-in.html' title='How to Drive the Importance of Planning in Projects ?'/><author><name>NITIN SHENOY, PMP, IPMA-D, MICE</name><uri>http://www.blogger.com/profile/03930914299131199980</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='25' height='32' src='http://4.bp.blogspot.com/_mMhecv1tc6Y/ShuLYSIlaVI/AAAAAAAAAE8/gXYFfaPjquo/S220/Copy+of+Nit.JPG'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-3994696480060883840.post-7171156278675939344</id><published>2009-03-12T11:42:00.002+05:30</published><updated>2009-05-23T13:12:42.241+05:30</updated><category scheme='http://www.blogger.com/atom/ns#' term='Certifications'/><title type='text'>Will PMP certification really help in construction??</title><content type='html'>PMP crdentials are issued only to those competent candidates who are well versed with PMBOK (Project Management Body of Knowledge), a practical, time tested and globally agreed standard.&lt;br /&gt;And projects in construction industry are the most deserving ones which requrie skilled project management professionals to implement these best practices and standards in place. Hence PMPS are a value addition if recognized and utilized effectively in projects.&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/3994696480060883840-7171156278675939344?l=pmthinkpot.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://pmthinkpot.blogspot.com/feeds/7171156278675939344/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://pmthinkpot.blogspot.com/2009/03/will-pmp-certification-really-help-in.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/7171156278675939344'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/7171156278675939344'/><link rel='alternate' type='text/html' href='http://pmthinkpot.blogspot.com/2009/03/will-pmp-certification-really-help-in.html' title='Will PMP certification really help in construction??'/><author><name>NITIN SHENOY, PMP, IPMA-D, MICE</name><uri>http://www.blogger.com/profile/03930914299131199980</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='25' height='32' src='http://4.bp.blogspot.com/_mMhecv1tc6Y/ShuLYSIlaVI/AAAAAAAAAE8/gXYFfaPjquo/S220/Copy+of+Nit.JPG'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-3994696480060883840.post-3869945597596907199</id><published>2009-03-12T11:41:00.001+05:30</published><updated>2009-05-23T13:12:53.892+05:30</updated><category scheme='http://www.blogger.com/atom/ns#' term='Certifications'/><title type='text'>Does PMP - Project Management Professional Credential have any recognition given in the Indian Construction Industry?</title><content type='html'>Present day constyruction projects are very different from that in the past, because of the following reasons:&lt;br /&gt;technology improvement, competitive markets, lack of skilled work force, high demand and expectation from customers, fund shortage, stringent schedule commitments, do more with less attitudes, project failures etc.&lt;br /&gt;Under this circumstances, over and above core domain knowledge and experience, a PMP - Project Management Professional credential do have a vital role to play in succesful management of Projects in the Construction Industry. But debate is on wheteher PMPs are given any due recoginition in INDIAN Construction Industry?&lt;br /&gt;I am disheartened to say the truth- "NO". As on date PMP credential has just been a value addition or a professional skill developement for an individual as such, where as there hasn't been any due recogniition given to PMPs in the Indian Construction Industry.&lt;br /&gt;There are several reasons for this : Lack of knowledge on PMPs credentials, less emphasis on Project Management skills and its imporatance in attaining project success, lack of effective and practical tranning and education in the field of Construction Project Management.&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/3994696480060883840-3869945597596907199?l=pmthinkpot.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://pmthinkpot.blogspot.com/feeds/3869945597596907199/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://pmthinkpot.blogspot.com/2009/03/does-pmp-project-management-professiona.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/3869945597596907199'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/3869945597596907199'/><link rel='alternate' type='text/html' href='http://pmthinkpot.blogspot.com/2009/03/does-pmp-project-management-professiona.html' title='Does PMP - Project Management Professional Credential have any recognition given in the Indian Construction Industry?'/><author><name>NITIN SHENOY, PMP, IPMA-D, MICE</name><uri>http://www.blogger.com/profile/03930914299131199980</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='25' height='32' src='http://4.bp.blogspot.com/_mMhecv1tc6Y/ShuLYSIlaVI/AAAAAAAAAE8/gXYFfaPjquo/S220/Copy+of+Nit.JPG'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-3994696480060883840.post-4628199952420564633</id><published>2009-03-12T11:39:00.001+05:30</published><updated>2009-05-23T13:13:22.915+05:30</updated><category scheme='http://www.blogger.com/atom/ns#' term='PM Tools'/><title type='text'>Which is most practical of the Project Planning, Monitoring and Control Tools?</title><content type='html'>There are various tools and techniques available in literature for Project Planning, Monitoring an Control. They are CPM - Critical Path Method used in cases where is the activity durations are deterministic in nature, PERT, Program Evaluation Review Technique - used with a three point estimate (Optimistic, Pessimistic and Most Likely Values) and modern day method CCPM - Critical Chain Project Management developed by Eliyahu M. Goldratt, where in the Buffers management is given prime imporatance. The debate is on which of these techniques is most practical and what are their merits and demerits?&lt;br /&gt;I have applied both CPM and PERT in the past and found that their credentials are effactive only during the planning stage. These techniques are not that handy during the monitoring and control phase of the project.&lt;br /&gt;Where as CCPM looks more practical with its buffer management technique at the Project Level instead of dealing with activity level floats. This enforces a better control on excution of the works and aids us in contigency planning based on the amount of buffers utilizatised as we more through the project. Resouce management is also effective in this case.&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/3994696480060883840-4628199952420564633?l=pmthinkpot.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://pmthinkpot.blogspot.com/feeds/4628199952420564633/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://pmthinkpot.blogspot.com/2009/03/which-is-most-practical-of-project.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/4628199952420564633'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/3994696480060883840/posts/default/4628199952420564633'/><link rel='alternate' type='text/html' href='http://pmthinkpot.blogspot.com/2009/03/which-is-most-practical-of-project.html' title='Which is most practical of the Project Planning, Monitoring and Control Tools?'/><author><name>NITIN SHENOY, PMP, IPMA-D, MICE</name><uri>http://www.blogger.com/profile/03930914299131199980</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='25' height='32' src='http://4.bp.blogspot.com/_mMhecv1tc6Y/ShuLYSIlaVI/AAAAAAAAAE8/gXYFfaPjquo/S220/Copy+of+Nit.JPG'/></author><thr:total>0</thr:total></entry></feed>
