Project Management Exciting Career Opportunities Prof. Ajay Parasrampuria Founder, i2m
What is PM? Today PM is a Profession,  has international associations  (US, UK, EU, AUS..)   (15000 PMI ® , USA members fr...
Demand for PM IBM, for instance, started with 5,000 employees in India five years ago, and now they have over 80,000. The ...
Demand for PM <ul><li>L&T -- current Project Manager headcount = 500 </li></ul><ul><li>Looking to add another 500 Project ...
Infrastructure Sector: How BIG is the Problem? <ul><li>Finance Minister : P Chidambaram </li></ul><ul><li>620 projects eac...
Other Sectors <ul><li>BPO and KPO sectors : </li></ul><ul><ul><li>From current headcount of 700,000 to go upto 1,000,000 e...
Addressing a BIG PROBLEM! BUT!! Talent Alone will not solve the problem Our Estimate  (conservative) 500,000 Project Manag...
Poor Project Management Practices in India  <ul><li>Ad hoc </li></ul><ul><li>Crisis management, chaos management -- the or...
Challenges in Managing IT Projects continues Indian Companies Source: Adapted from KPMG Research, 2006 Source: Centre for ...
McKinsey Operational Excellence Research Report – Feb 2007 Program  Management PMO Building Portfolio Views
McKinsey Operational Excellence Research Report – Feb 2007 PM Capability Dev.  & Certification
Issues faced by Organizations
Demand drivers <ul><li>Global </li></ul><ul><li>Outsourcing </li></ul><ul><li>IT/ITES </li></ul><ul><li>Pharma </li></ul><...
So what’s the point? Management Graduates need professional project management knowledge.
Why should you do it? Marketability PM Skills are in great demand as it is indispensable for business results Applicabilit...
How big is the job market? 154 1605 jobs 8252 jobs
<ul><li>PM Level I 3 -5 years exp.– Rs. 9.8 lacs </li></ul><ul><li>PM Level II 5-8 years exp.– Rs. 12 lacs </li></ul><ul><...
<ul><li>Project Team Member </li></ul><ul><li>Project Team Lead </li></ul><ul><li>Project Support  </li></ul><ul><ul><li>C...
<ul><li>Hit the books OR </li></ul><ul><li>Degree Programs– Not available in India </li></ul><ul><li>Do a Professional Cou...
<ul><li>Project Management: The PMBOK ®  Way– Self Study Course (E-learning) </li></ul><ul><ul><li>Equivalent to 1.5 credi...
Our Methodology Linking Learning to Performance  Self Study Course (lecture recordings, lessons, assessments,..) equivalen...
Our Learning Process Web Session 1 Week 1 1.5 hrs Self Preparation + Quiz Application Report Submission Web Session 2 Week...
I2m’s Corporate Clientele Motorola, J P Morgan, Aviva Global Services Max New York Life, Team Computers, Syntel, 3G, Hewit...
We are like Medical Practitioner with a hospital and a attached college
Project Management Excitement Challenge  Diversity  Sense of Accomplishment  Excellent Income Potential Do logon to  www.i...
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PM Careers - Address to Management Student

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This is a presentation delivered to business school graduates to consider Project Management as either a career option or a key capability development focus area.

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  • Within the explosive growth and improved realization, organizations are facing key issues at a number of levels.
  • Okay, so maybe you&apos;re a little intrigued by this thing called project management. But, as a career, where can you go? And how quickly? Naturally, experience and education will play an important role as you progress into and through the project management profession. For starters, let&apos;s look at entry level opportunities. Most likely, that will be a project management position in a small or large company. Your credentials may include a certificate in a technical field (developer or analyst) or in a functional area (Web, accounting, human resources, etc.) or an undergraduate degree in project management. If you don’t have an undergraduate degree, your background may include some college, or three years or less of work experience with no college background. Okay, so you&apos;ve landed an entry level position in project management. Now what? What&apos;s your next move? Truthfully, how you advance within the project management profession is pretty much up to your ambition, interests and the direction you want to go. One possible path of progression is outlined below. Know, however, that as you assume positions with greater responsibility, educational requirements will vary:
  • Okay, so maybe you&apos;re a little intrigued by this thing called project management. But, as a career, where can you go? And how quickly? Naturally, experience and education will play an important role as you progress into and through the project management profession. For starters, let&apos;s look at entry level opportunities. Most likely, that will be a project management position in a small or large company. Your credentials may include a certificate in a technical field (developer or analyst) or in a functional area (Web, accounting, human resources, etc.) or an undergraduate degree in project management. If you don’t have an undergraduate degree, your background may include some college, or three years or less of work experience with no college background. Okay, so you&apos;ve landed an entry level position in project management. Now what? What&apos;s your next move? Truthfully, how you advance within the project management profession is pretty much up to your ambition, interests and the direction you want to go. One possible path of progression is outlined below. Know, however, that as you assume positions with greater responsibility, educational requirements will vary:
  • PM Careers - Address to Management Student

    1. 1. Project Management Exciting Career Opportunities Prof. Ajay Parasrampuria Founder, i2m
    2. 2. What is PM? Today PM is a Profession, has international associations (US, UK, EU, AUS..) (15000 PMI ® , USA members from India) global standards, body of knowledge, certification, accreditation & code of conduct It is the application of knowledge, skills, tools and techniques to meet requirements in time, within budget and to expected quality
    3. 3. Demand for PM IBM, for instance, started with 5,000 employees in India five years ago, and now they have over 80,000. The reason they have managed such a growth is because of their superior performance in managing projects. The Economic Survey this year shows that over 260 infrastructure-related projects are behind schedule — about 80 related to roads. The major difference in what management schools teach you and is what project management looks at is the output — a clearly defined outcome Meta Group More than 75 percent of 219 IT executives interviewed this year indicated that a lack of in-house project management skills was a major issue for them. Forrester Inc concurred with this research saying, “A lot of unofficial training is going on where people take on the role of project manager.” However, most executives also concurred that providing project management training to IT focused staff was a big “challenge”.
    4. 4. Demand for PM <ul><li>L&T -- current Project Manager headcount = 500 </li></ul><ul><li>Looking to add another 500 Project Managers in 2 years. </li></ul><ul><li>Plan to add 5000 engineers per annum </li></ul><ul><li>Engineers: Project Manager - 5:1 </li></ul><ul><li>M.S. Krishnamurthy </li></ul><ul><li>SVP Human Resources </li></ul><ul><li>Reliance Retail -- Headcount increase from 17,000 to 70,000 in 3 years </li></ul><ul><li>10% of the head count would need to have PM capabilities </li></ul><ul><li>Raghu Pillai </li></ul><ul><li>President & CEO </li></ul>
    5. 5. Infrastructure Sector: How BIG is the Problem? <ul><li>Finance Minister : P Chidambaram </li></ul><ul><li>620 projects each with an investment of over Rs 20 crore that are facing time and cost overruns.&quot; </li></ul><ul><li>340 projects with a total investment of about $40 billion that are suffering from time and cost overruns,&quot; </li></ul><ul><li>India has 450 Project Managers compared to China’s 6000 PM (in the infrastructure sector). China plans to train 600,000 </li></ul>Conservative Estimate Private sector need:10,000 PM in next 2 yrs Public sector need: 15,000 PM in next 2 yrs. “ Going by the current trend, very soon there will be more project managers than MBAs .” B.K. Mundhra, Chairman, Simplex Projects .
    6. 6. Other Sectors <ul><li>BPO and KPO sectors : </li></ul><ul><ul><li>From current headcount of 700,000 to go upto 1,000,000 employees by 2012. </li></ul></ul><ul><ul><li>PM headcount could easily be 5% of the employees based on current data: (50,000 employees) </li></ul></ul><ul><li>IT sector: </li></ul><ul><ul><li>Employs 1.3 million which is expected to increase by 300,000 every year for the next 3 years and the sector is expected to grow @ 25% annually </li></ul></ul><ul><ul><li>PM headcount will be10% of the employees and based on the current data = (100,000 employees) </li></ul></ul><ul><ul><li>Industry already faces 10-12% shortage in its PM pool </li></ul></ul>
    7. 7. Addressing a BIG PROBLEM! BUT!! Talent Alone will not solve the problem Our Estimate (conservative) 500,000 Project Managers in next 5+ years
    8. 8. Poor Project Management Practices in India <ul><li>Ad hoc </li></ul><ul><li>Crisis management, chaos management -- the order of the day </li></ul><ul><li>Task management, and not project management </li></ul><ul><li>No distinction between progress and performance </li></ul><ul><li>“ Unstructured” briefcase instruction on the job </li></ul><ul><li>Canned classroom courses, with little practical relevance </li></ul><ul><li>No single version of the truth available – Facts are missing is just guts! </li></ul>
    9. 9. Challenges in Managing IT Projects continues Indian Companies Source: Adapted from KPMG Research, 2006 Source: Centre for Business Practice, 2006 Source: Adapted from the Standish Group, CHAOS http://www.standishgroup.com 97% of the successful projects have an experienced project manager at the helm. 46% of the successful projects used a formal project management methodology, compared to 30% of the challenged and failed project. Formal project management methodology increase the success rate by 16%
    10. 10. McKinsey Operational Excellence Research Report – Feb 2007 Program Management PMO Building Portfolio Views
    11. 11. McKinsey Operational Excellence Research Report – Feb 2007 PM Capability Dev. & Certification
    12. 12. Issues faced by Organizations
    13. 13. Demand drivers <ul><li>Global </li></ul><ul><li>Outsourcing </li></ul><ul><li>IT/ITES </li></ul><ul><li>Pharma </li></ul><ul><li>Manufacturing </li></ul><ul><li>Infrastructure Spend </li></ul><ul><li>Power </li></ul><ul><li>Telecom </li></ul><ul><li>Roads </li></ul><ul><li>Airports </li></ul><ul><li>Management </li></ul><ul><li>Imperatives </li></ul><ul><li>Speed </li></ul><ul><li>Efficiency </li></ul><ul><li>Measurement </li></ul><ul><li>Talent/Resource </li></ul><ul><li>Crunch </li></ul><ul><li>Skills </li></ul><ul><li>Training </li></ul><ul><li>Tools </li></ul>Creating these trends
    14. 14. So what’s the point? Management Graduates need professional project management knowledge.
    15. 15. Why should you do it? Marketability PM Skills are in great demand as it is indispensable for business results Applicability Across industries and functions
    16. 16. How big is the job market? 154 1605 jobs 8252 jobs
    17. 17. <ul><li>PM Level I 3 -5 years exp.– Rs. 9.8 lacs </li></ul><ul><li>PM Level II 5-8 years exp.– Rs. 12 lacs </li></ul><ul><li>PM Level III 8+ years exp.– Rs. 14.45 lacs </li></ul><ul><li>Program Manager 12+ years exp. – Guess </li></ul><ul><li>Source: PMI Salary Survey, India, 2007, All figures are median values </li></ul>Earn a Good Salary
    18. 18. <ul><li>Project Team Member </li></ul><ul><li>Project Team Lead </li></ul><ul><li>Project Support </li></ul><ul><ul><li>Coordinator </li></ul></ul><ul><ul><li>Analyst </li></ul></ul><ul><ul><li>Planner and Scheduler </li></ul></ul><ul><ul><li>Project Control and MIS </li></ul></ul><ul><li>Project Manager </li></ul><ul><li>Sr. Project Manager </li></ul><ul><li>Beyond Project Manager </li></ul><ul><ul><li>Program Manager </li></ul></ul><ul><ul><li>Enterprise Project Manager </li></ul></ul><ul><ul><li>Project Management Office (PMO) Head </li></ul></ul>Project Management Career Ladder
    19. 19. <ul><li>Hit the books OR </li></ul><ul><li>Degree Programs– Not available in India </li></ul><ul><li>Do a Professional Course OR </li></ul><ul><li>Do a professional certification course AND </li></ul><ul><li>Do an international certification and expand your level of expertise </li></ul><ul><ul><li>Certified Associate in PM (CAPM) – </li></ul></ul><ul><ul><ul><li>Graduate +1 year experience + 25 hrs of formal edu </li></ul></ul></ul><ul><ul><li>Project Management Professional – </li></ul></ul><ul><ul><ul><li>Graduate + min 3 years experience + 35hrs of edu </li></ul></ul></ul><ul><ul><li>Project Management Scheduling Specialist </li></ul></ul><ul><ul><li>Project Management Risk Specialist </li></ul></ul><ul><ul><li>Go to www.pmi.org for more information </li></ul></ul>Preparing for a PM Career
    20. 20. <ul><li>Project Management: The PMBOK ® Way– Self Study Course (E-learning) </li></ul><ul><ul><li>Equivalent to 1.5 credit course </li></ul></ul><ul><ul><li>40 hours of learning (recorded lectures, caselets, assessments, lessons, and more) </li></ul></ul><ul><ul><li>Certificate of Completion on submission on an on-line test </li></ul></ul><ul><li>Certificate in Project Management </li></ul><ul><ul><li>Self Study material plus 10 web based mentoring sessions (live scheduled) </li></ul></ul><ul><ul><li>Final Exam and Application Report </li></ul></ul><ul><li>Both course aligned to Global Standards of PMI® USA and would prepare participant for </li></ul><ul><ul><li>CAPM (Certified Associate in PM) and OR PMP (Project Management Professional) Certification. </li></ul></ul>Our Offering
    21. 21. Our Methodology Linking Learning to Performance Self Study Course (lecture recordings, lessons, assessments,..) equivalent to 1.5 credit course 10 Weekly Web based Mentoring Sessions
    22. 22. Our Learning Process Web Session 1 Week 1 1.5 hrs Self Preparation + Quiz Application Report Submission Web Session 2 Week 2 1.5 hrs Self Preparation for next session Certificate in Project Management Knowledge Assessment (Exam)
    23. 23. I2m’s Corporate Clientele Motorola, J P Morgan, Aviva Global Services Max New York Life, Team Computers, Syntel, 3G, Hewitt, Manufacturing IT Infrastructure Services Training Engagements with
    24. 24. We are like Medical Practitioner with a hospital and a attached college
    25. 25. Project Management Excitement Challenge Diversity Sense of Accomplishment Excellent Income Potential Do logon to www.i2m.in And access articles, blogs and case studies

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