This is about the connect between TECHNICAL ( DOMAIN) related matters and ECONOMIC DRIVERS of Engineering projects( Civil, Mech, Electrical. Chemical, Instrumentation)
And YES!..............it is F R E S H ! sort of first time in India
Engineers are primarily tuned to understand TECHNICAL stuff. Many of them takes years to learn the connect between Technical stuff and Economics issues related to a project.
No; it is a myth; you do not need an MBA, period !
(By the way, this information may surprise you, but is the fact:many of those who have done MBA from lower rung institutes have come to us to learn basics about connect between TECH STUFF AND ECONOMIC DRIVERS of projects !)
You only need to know how money works for different situations and how it is connected to the core concepts of the projects – and THAT is the essence of this program !
Again, please note, Competition is forcing Cos to have engineers with composite skill-sets especially those who can co-relate the ‘NUMBERS’ with the technical concepts. In fact, a good middle level engineer with sound understanding will be a better decision maker because she/ he will be able to better customise the parameters related to project.
In project execution, there are very few areas where u need to understand the ‘numbers’ and many times what is required is simple understanding of how time value of money has to be customised, how to use indexing, basics of financing etc.
Absolutely no ! It is an all-round program containing all major aspects related to Project Engineering - Modes of Contracting, investment criteria , Loadings, Evaluated Price, Guarantees, Liquidated damages, Indexing , Scale up/ down, Costing aspects, Scheduling, International Contracts and role of FIDIC, Interface Engineering, financing, Vendor qualification, inspection etc. etc.
For example, scheduling: Just by learning activities, predecessors and successors is not enough. The program trains how to debug the schedule with simple examples.
In summary, it is a 360 o view of the Project Concepts with the aim of customising for a particular project.
No; most of these are not covered. …if at all, some of these are covered in a very superficial manner without allowing participants to grasp the topic………..but make no mistake, this is not to run down on the PROJECT MANAGEMENT TRAINING PROGRAM :
Here, we want to unravel some myths so Engineers can take informed decisions:
for all practical purposes- is TUNED for ENGINEERS having good experience with projects, because the training program assumes that the participants have a fair – actually good – experience in projects.
The PM training teaches such advanced topics STRATEGIES, INTEGRATED CHANGE CONTROL ( just to give examples) etc. and these topics can be grasped by only those engineers who have good experience in project engineering/ execution, not by those who have 'some' experience in 'a few' projects !
Further, because it assumes the participants to have understanding basic issues , topics like Costing is covered in only a rudimentary manner; so somebody less experienced does not get to grasp those !
Apart from this, there are many other aspects co-relating the domain issues with numbers which is not covered at all in PM training. ( and that is why many PM trained and certified engineers attended this program!)
Not at all; PM training is a higher level training covering advanced issues and goes beyond cost-economics. It covers behavioural aspects like leadership, team building etc also.
So because PM training is broad-based, it is ideally suited to those having grasped the concepts in EPC / PROJECT ENGINEERING and gained real life experience in projects. For such category of participants – PM training will be a value addition.
Yes, we are aware of that!
May be you can investigate HOW MANY of them got jobs on the strength of those CERTIFICATES ! …………
Well yes, say 10 years ago, these certificates had some values since very few ( less than a few hundreds every year) were certified; besides, those programs were off-line, conducted by well-qualified faculty and hence assured quality.
Now 100’s of 1000’s of Engineers with CERTIFICATION are in the market looking for jobs and hence just having a certificate is of no special attraction to employers !
As for candidates, AFTER spending precious money on course and certificates, many of them regret !
In fact, we have trained Engineers who were already trained in PROJECT MANAGEMNT and CERTIFIED !
And all of them have given excellent feedback about this program ! ……In fact at least one person openly admitted “ Sir, we are learning a lot of things new here”
The reasons are very easy to judge: Virtually, all of these engineers had very little exposure to Conceptsin projects before they enrolled for PM training. Obviously, while they learned afew things during the course of the PM training program,it evaporated immediately after they left the program venue ! …………..
Whereas in PROJECT ENGINEERING training, they were learning by actually performing the exercises and VERIFYING THE RESULTS THEMSELVES and getting to the ultimate objective – that is finding the connect between the core tech stuff and ‘numbers’!
Very much ; in fact, the entire program is structured on concepts used in international projects. We cover all salient features necessary to give you a ringside view of aspects related to international projects.
First, this is not a typical PPT based training . The program is INTERACTIVE right from the word go !It is almost like a workshop ! The participants are expected to come with calculators and note books. All exercises( interwoven throughout the program!) will be performed then and there. (Some home works also may be given for those who are willing to go the extra mile to learn !)
No; at least for now. Industries now look for what VALUE YOU BRING TO THE BUSINESS; they no longer trust a piece of paper which nowadays every candidate brings !
By the time you finish the program, you will figure out yourself !
See, the best encouregment for this program is that the Project Engineers / Managers who had earlier trained & certified for Project Management have attended this program and found value in it! Should we say more?
Well, our focus is on INTERACTIVE LEARNING where EVERY SINGLE candidate is tagged and probed about the whole content before she/ he leaves the program. With that in focus, we limit our batch size to about 25-30.