19 Aug

What I learnt on Day 1 of MarTech Conference

Martech Conference at Boston turned out to be one of the best conference I have ever attended. Here is the recap of what I learnt at MarTech Conference in day 1. I think twitter is a very nice global notebook to take notes. This way you are not selfish to keep the good notes from MarTech to only yourself.


03 Aug

Why Strategies fail in Corporate World

No doubt  strategic thinking has a great importance for the overall growth of the organization. As very well said “Men without vision shall perish” which holds so true about every organization too. Having a strategic thinking that maps to the vision is an absolute necessity. I don’t think if a company or group can ever succeed if it lacks either the vision or a strategy.
I have read and observed that many times companies and divisions that have all the required strategy but still fail. They have an executive team which churns our great strategies  but still they fail. In my personal experience  the disconnect between thinking and execution is the key reason. What was thought was not relayed well and executed in accordance to the strategy at all.
Many times I have seen the executives having a thought process that thinking is their game. Once they are done just throw the strategy map to the lower management. Let the lower management have a plan to execute on the strategy.
Now comes the turn of the lower management and they start executing. Many projects are brought to life and many changed based on their limited understanding. Priorities are assigned to all the projects again based on their interpretation of the  strategy  map.  Not just the wrong interpretation of strategy but also other factors like their own technology priorities, sale priorities, client priorities, priorities of the respective group etc.

Nothing wrong with this except that there comes a disconnect! Strategy makers do not understand how the projects in execution fulfill the strategy and match to the vision of the company while the execution teams keeps on spending huge amount of effort on projects that are not aligned strategically to the vision of the company. A huge amount of resources are wasted on strategy and execution in this manner.

I know nobody is trying to do it with an intent to go on a wrong path but still it happens every time very year. Just in USA,  companies spend billions of dollars on training the top level management about the best strategies etc. But every year less than 20% strategies are successfully put to implementation.
How to fix this issue? Any thoughts?Any comments?
03 Aug

Risk vs Issue

Risk vs Issue is something that confuses us more than anything else in Project Management. I have myself always been confused about the difference between Risk and Issue. I always understood it as Issue is an event and Risk is the Consequence. I believe that most of us in the profession also think the same way. So I am not wrong…until I read the definition in PMBOK.

 

 

16 Sep

Creating Project Plan in MS Project

Every time I create a new MPP, I ask this question to myself “How and where to start?”. I very well remember the first time I created a Microsoft project plan and I was struggling on strategy to put a plan in place. There was nobody to mentor me. It is very essential that we start right. Here is what I found very useful for me:

  1. Identify tasks and Create task list
  2. Create a Work Breakdown Structure (WBS)
  3. Group the tasks based on functional or criteria in WBS
  4. Estimate every task in the WBS
  5. Then move all this information to Microsoft Project Plan or any other project management tool or you can even do step 1-4 inside the tool. I personally love to do with paper and pencil and then move it to software.

There is a very good tutorial on creating Microsoft Project Plan with the similar approach at http://office.microsoft.com/en-us/project-help/create-a-project-plan-in-5-easy-steps-HA001136153.aspx

Thanks

Rohit Prabhakar, PMP

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16 Sep

Difference between Leadership and Management

Management: Set of processes that aim to take an organization and make it functional as it was designed for.The processes like planning, budgeting, organizing, customer relationship, sales, automation, staffing, problem solving etc. Leadership: The ultimate aim of leadership is to visualize and effectively lead the organization to the next level. Processes like creating the vision of future, strategy to get there, communicate to people in a way that they buy into it and motivate those people to implement it, create and update the systems that managers use to manage. Hopefully you will not confuse the both with each other now and be sure that when recruiting for senior executive positions you are just not hiring managers but more importantly Leaders too!

07 Jun

Nine Things Successful People Do Differently

A must read blog by Heidi Grant Halvorson at Harvard Business Review. The following are the 9 things:

  1. Get specific.
  2. Seize the moment to act on your goals.
  3. Know exactly how far you have left to go.
  4. Be a realistic optimist.
  5. Focus on getting better, rather than being good.
  6. Have grit.
  7. Build your willpower muscle.
  8. Don’t tempt fate.
  9. Focus on what you will do, not what you won’t do.

http://blogs.hbr.org/cs/2011/02/nine_things_successful_people.html?cm_sp=most_widget-_-default-_-Nine+Things+Successful+People+Do+Differently

Enjoy!!!!!

26 Jan

Never Give Up your dream

Why? Read this powerful real life story that I have read in many books. Here is the story from book “Think & Grow Rich” in section named “Three Feet & Fifty Cents”

One of the most common causes of failure is the habit of quitting when one is overtaken by temporary defeat. Every person is guilty of this mistake at one time or another.

An uncle of RU Darby was caught by the