It Pays To Invest In Education

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Education is one industry which has not been deterred even in this slowdown and it is not going to be. While working with Educopm Solutions Ltd. I wrote this small plan

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It Pays To Invest In Education

  1. 1. It pays to invest in education A project management perspective for R&D
  2. 2. General information about the Indian education industry As the market develops, education will become organically linked to our lives The focus has shifted from the traditional Indian education system to a whole new ecosystem supporting a unique amalgamation of the govt. and the private institutions India is one of the most preferred destinations for foreign VC/PE The current private-education market is worth US$40 billion a year and this could triple in a decades’ time (Technopak consultants)
  3. 3. Educomp solutions Ltd.the growth story Educomp solutions Ltd. has posted a net profit of INR 167.743 million for the quarter as compared to INR 59.697 million for the quarter ended June 30,2007. The group has posted a PAT of INR 165.499 million for the quarter ended June 30, 2008. “ Educomp targets $1billion revenue by 2012-2013” -Sep 19, Reuters
  4. 4. R&D’s perspective Educomp Solutions, being the largest and the fastest growing Education and IT conglomerate in India, besides having the first movers advantage also has the advantage of leveraging on its strong and proven research and development. With proven products such as roots to wings, millenium learning system, O3 etc. R&D has contributed immensely to the organisation
  5. 5. Recall value of our effort? Unfortunately the recall value of R&D’s effort in the related community is not significantly high. Opportunity knocking? With the industry implementing newer and highly cost effective techniques of managing projects, the still not organized private education industry provides us an opportunity to incorporate such effective project management techniques. Alongside increasing efficiency project management could also reflect in a positive manner on our costs and employee enhancement
  6. 6. Project Management  is the  discipline  of planning, organizing, and managing resources to bring about the successful completion of specific project goals and objectives. What is project management? The components <ul><li>Scope management </li></ul><ul><li>Time management </li></ul><ul><li>Resource management </li></ul><ul><li>Cost management </li></ul><ul><li>Communication management </li></ul><ul><li>Procurement management </li></ul><ul><li>Risk management </li></ul><ul><li>Quality management 9. Integration management </li></ul>
  7. 7. Contd... Flexibility of tools Rigidity of tools Unlimited communication within the team Limited communications within the team Global/Live access to information Local access to information Emergent structure Implied structure Collaborative environment Authoritarian environment Bottom-up planning Top-down planning De-centralization of control Centralization of control Project management 2.0 Traditional project management
  8. 8. Project management process – phase I + phase II
  9. 9. How would project management help? <ul><li>Wrong testing applications implemented which leads to time lag etc. </li></ul>Testing <ul><li>Inefficient tracking and handling of user inflicted change by the project manager </li></ul>Change handling <ul><li>Inaccurate pre-scheduling of the project </li></ul><ul><li>Inaccurate scheduling due to lack of info. on resources </li></ul>Scheduling <ul><li>Inadequately trained manpower </li></ul><ul><li>Insufficient skills with technologies </li></ul>Training <ul><li>Imprecise communication </li></ul><ul><li>Late communication to the project manager </li></ul><ul><li>Lack of clarity about the project, due to time lag in the project communication </li></ul>Communication Potential cause of failure Project related skill
  10. 10. Benefits to the organisation <ul><li>Using the above mentioned project methodology, the following factors (pain points) could be effectively and efficiently addressed: </li></ul><ul><li>Project Costs – an effective cost benefit analysis </li></ul><ul><li>Team productivity, efficiency </li></ul><ul><li>Share best practices amongst projects </li></ul><ul><li>Increase in market share </li></ul>
  11. 11. Thanks Presented By: Paritosh Sharma Research Analyst

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