PM Open Space Event at ABB Ability Innovation Center, Bangalore, 27th June 2017
PM Open Space - Industry Practitioner's Community is a forum of Industry Practitioner's from companies in and around Bangalore, Whitefield and Outer Ring Road Region. PM Open Space is the initiative started by PMI Bangalore India Chapter in 2016. This is done with active Collaboration, Sponsorship and involvement from likeminded corporates like ABB, HPE, Huawei Technologies and SAP Labs India. In this forum, proven achievers share their success story and share contributing factors for making business accomplishments in Global Markets.
This quarter's event of 'PM Open Space' was hosted at ABB Ability Innovation Center, Bangalore on the 27th June, 2017.
The speaker for this event was Mr. Sashi Kumar - CEO and MD, Happiest Minds. Sashi Kumar was instrumental in starting up Cardiac Design Labs. MIRCaM, its first product, is designed to work in suburban and rural India to enable general physicians to diagnose, treat and refer cardiac patients with available infrastructure. The venture bagged the winner of “Grand Jury Prize” at Startup India Launchpad 2016, by Google.
The topic for the day was Relevance of Program/Project Management in Today's World - A CEO's Perspective. Mr. Shashi shared his views on the transformation of the Project Management role in the current context.
It was really interesting to know his impressions about Mr. N. Chandrababu Naidu, Chief Minister of Andhra Pradesh, E. Sreedharan, Advisor to Indian Metro projects, Mr. Mani Ratnam, renowned Film Producer & Director, Monisha Kaltenborn, First Woman Team Principal in Formula One racing. All of them had accrued the nuances of Project Management in their assignments.
It was apparent that there is a slow but steady change that is engulfing the Indian IT Service Industry. He indicated that this is 108 Billion USD industry which was the darling of the bourses. There is a huge impact created by Automation, where the first 100 Billion required 3 Million Professionals and the next 100 Billion will need less than 1.8 Million Professionals. He stressed that the lack of Innovation, poor skill depth and below par Soft Skills are the main challenges to move up the value chain. The labor arbitrage and pyramid staffing are not enough to sustain the value chain anymore.
The impact has touched the role of Project Manager's as well. This means a Project Manager is expected to know the big picture and a radical change from tactical to customer facing Leadership and Strategic partnership. It was interesting to know the paradigm shift on the critical competencies for the Project Managers' role. The key considerations include a business acumen to drive business outcomes. One of the traits that is essential to imbibe is customer advocacy and collaboration.
Trust evolves when we reach out to our Customer and keep them informed in a consistent and candid manner. Managing Risks in a proactive way will go a long way to assuage the uncertainties faced by our Customers. Project Managers must be able to simplify the big picture and inspire the team members to align and work towards a common objective.