Krishna moorthy pmi template pmi presentation final
1. Krishna Moorthy 20-11-2010 L&T – Institute of Project Management(L&T I’PM)
2. Agenda “PM Knowledge enhancement through in house Academy” Larsen &Toubro Experiences PM Knowledge enhancement - L&T I’PM
3. Flow of the Presentation Genesis of establishment of L&T Institute of Project management (L&T Academy for Project Management) Vision, Mission and Charter Process of creation of courses Courses at IPM Competency matrix and Clusters(Knowledge Areas) Courses currently offered at IPM. Course Progression Chart and Equivalence Journey so far Proof of the Pudding…. Way forward for others to emulate and/ or Follow. PM Knowledge enhancement - L&T I’PM
5. “Experience is a comb which Nature gives to man after he is bald”. Thai proverb PM Knowledge enhancement - L&T I’PM
6. Why a center of Excellence in PM at L&T Project Management (PM) as an academic discipline is of limited access in academic institutions Graying PM community in the company without an adequate base of trained young project managers Experiential learning is more pronounced in PM compared to other disciplines .Need for case studies from work environment Need to propel L&T into a world class organization in project management Close to 80% of L&T’s turnover of $8.5 billion comes from Projects Need for global benchmarking in projects. Create one of a kind institution with -Industry+ Academic combination in project management PM Knowledge enhancement - L&T I’PM
7. Vision To develop a premier world class education center for creating global project management professionals thereby making L&T a Centre of Excellence in Project Management PM Knowledge enhancement - L&T I’PM
8. Mission To develop and deliver high quality education and research in project management in consonance with the vision of L&T by providing state-of-the-art infrastructure and learner friendly atmosphere with innovative pedagogy thereby creating a pool of world class and socially responsible project professionals PM Knowledge enhancement - L&T I’PM
12. Creation of the Architecture for the Courses PM Knowledge enhancement - L&T I’PM
13. Program design and learning objectives 1.The program designed should focus on the application of the project management processes and principles collectively to be classified as L&T body of knowledge and practices. 2.The Program should draw upon the positives of currently available frameworks namely : (a) Project Management Institute (PMI) frame work, (b) International Project Management Association (IPMA) framework (c) Projects in Controlled Environments (PRINCE 2) (d) Critical Chain Project Management (CCPM) (e)Theory of Constraints (TOC) (f) Any other relevant framework or PM methodology Cont…. PM Knowledge enhancement - L&T I’PM
14. 3.The program should be geared to increase L&T capability to consistently deliver successful capital projects across all the operating divisions. 4.The program should cater to all the streams of business disciplines and projects of L&T. The program should provide insights to support success and learning’s in challenging multi-regional business environments. 5.The program should have contact sessions at specified intervals to: (a) Expose the participants to the theoretical concepts. (b) Exchange of project concepts among heterogeneous group of project managers thereby encouraging peer group learning. 6.The Program should bring in project problems for classroom discussions and solutions to forge the relationship between faculty and practicing project managers for project related case development . PM Knowledge enhancement - L&T I’PM
23. Contact sessions: 6 days every quarter for two years. Total 48 days PM Knowledge enhancement - L&T I’PM
24. L-2 : Senior Executive Program For practicing project managers with 10 to 15 years experience. Contact Sessions: 6 days every quarter for one year. Total 24 days L- 3: Project Director Program For practicing project directors with 15+ years of experience. Contact sessions: 10 days in a year at an interval of 3 months.(India/USA) PM Knowledge enhancement - L&T I’PM
25. CEPs: Continuing Education Programs Stand alone, specific subject oriented 2 to 3 days short duration programs. PM Knowledge enhancement - L&T I’PM
30. Understand the complexities of project execution, develop insights into legal and commercial aspects of projects such as vendor and sub-contractor management, logistics management, contract and claims management, tax planning; and the likes.
31. Monitoring and post completion learning will be an important part of the Program content. PM Knowledge enhancement - L&T I’PM
35. The Program will therefore emphasize critical thinking, case analysis, experience sharing, role-plays, and substantial use of group activities PM Knowledge enhancement - L&T I’PM
47. Continuing Education Program (CEP’s) Learning Objectives Concepts Overview and interest kindling to serve as foundation for advanced courses. PM Knowledge enhancement - L&T I’PM
57. Progression Chart for Education and Certification L-3 Black Belt (2 Weeks Course) 8 Years Project Experience L-2 Blue Belt ( 1 Year Course) 5 years Project Experience L-1 Green Belt (2 Year Course) 1 Year Project Experience L-0 Course for all PM Knowledge enhancement - L&T I’PM
70. Archives of Study Materials and Project Reports Any specific requirement in terms of books/journal articles/case study etc.PM Knowledge enhancement - L&T I’PM
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72. EBESCO Database: The database covered all the areas and provide complete information and knowledge through various sub databases like Business Source Corporate, Regional Business News, etc. The Database covered 3000+ Full text Journals on various areas of business and management subjectsPM Knowledge enhancement - L&T I’PM
73. Picture Gallery L&T Institute of Project Management At Corporate Block, Knowledge City, Vadodara PM Knowledge enhancement - L&T I’PM
88. Key Learnings at L&T I’PM Assess project requirements and develop effective, concise RFPs. Match the appropriate resources to the needs of a project based on business goals. Adapt and shift planning strategies, staffing models and goal-setting during the lifecycle of a project. Identify milestones and recognize when projects are at risk — and manage them to successful completion. Provide results and performance reports to executive managers. Incorporate an international perspective in global projects. Work effectively within diverse organizations to resolve conflicts. Maintain ethical standards at all project stages. PM Knowledge enhancement - L&T I’PM
89. In the pipe line…. Accreditation of course through accrediting bodies Joint certification with certifying organization Extensive In house case development and publishing with L&T data. PM Knowledge enhancement - L&T I’PM
90. Proof of the Pudding….. How are we doing ? PM Knowledge enhancement - L&T I’PM
91. After one and a half year’s of conducting the program we did a survey on about 1200 personnel who completed various courses. PM Knowledge enhancement - L&T I’PM
92. L&T I’PM Survey Please return the questionnaire, after filling in, to:dean@lntipm.org. Name:__________________ PS No:________________ Course Attended at L&T IPM:_________________________________________ Questionnaire A. General Were objectives of the course clear to you? Yes No Were the objectives of the course realized? Yes No Will you recommend this course to your colleague? Yes No The Instructors encouraged interaction and were helpful? Yes No B. Course Utility & Value in Project Use ranking scale 1 to 5; 1-Low……..5-High The Course Content met with my expectations The Course/s added value in enhancing my knowledge The Course Exposed me to new knowledge areas & Practices I believe course enables me to carry out my functions in better way The Course offered was complete for which it was offered C. Recommendations / Suggestions 1.Please Comment on the strength of the courses and the way it was conducted. 2.Please Comment on the weakness of the courses and the way it was conducted. 3.Please give suggestions / recommendations for betterment of the Program and also suggestion of new courses that L&T IPM can offer. PM Knowledge enhancement - L&T I’PM
95. The survey was carried out just after one and a half years after the participants went through PM education. This period is too short for application of the knowledge and results on long duration projects.
96. The ideal way would be to create a control sample of participants who did not go through the program and compare their on-project performance with those of whom that underwent the program.PM Knowledge enhancement - L&T I’PM
97. PM education brings in value addition for the project personnel in : Understanding the project processes Financial aspects of projects The importance of Time, Scope and Cost in projects. PM Knowledge enhancement - L&T I’PM
98. PM education in industry: Advantages Assess project requirements and develop effective, concise RFPs. Match the appropriate resources to the needs of a project based on business goals. Adapt and shift planning strategies, staffing models and goal-setting during the lifecycle of a project. Identify milestones and recognize when projects are at risk — and manage them to successful completion. Provide results and performance reports to executive managers. Incorporate international perspectives in global projects. Work effectively within diverse organizations to resolve conflicts. Maintain ethical standards at all project stages and become successful project leaders. Creation of knowledge base for future project managers Develop a body of knowledge for adding to the repository of the science and art of project management PM Knowledge enhancement - L&T I’PM
99. Way Forward Educational Research has shown that practitioners can make significant advances in developing their knowledge and capabilities through experiential learning. PM Knowledge enhancement - L&T I’PM
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101. Creation of an academy like L&T I’PM, however, requires wholehearted commitment of management, finances and intellectual inputs. PM Knowledge enhancement - L&T I’PM
102. Final Conclusion Results emanating out of the efforts of similar academies would be enormous in terms of creation of excellent project practitioners, knowledge base leading to establishing PM as a disciplined science of engineering. PM Knowledge enhancement - L&T I’PM
