Volume 01, Issue 04, January, 2013
In this issue Review Articles Student Articles Puzzles & Events Feedback at octaphi@jgu.edu.in
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“Trying to manage a project without project management is like trying to play a football game without a game plan.” — K. Tate (Past Board Member, PMI) “Role of Project Management in Supply Chains” K. M. Chaudhari, CEO, PMAC Consulting Pvt. Ltd and a Global R.E.P. of PMI USA. In an invited talk on the ‘Role of Project Management in Supply Chains’, Mr. K. M. Chaudhari, explained the domains of project management, the competencies required by any organization, the ‘areas-of-worry’, and as to how supply chains leverage project management skills for executing a supply chain project. What I gathered is that: Project management is the application of knowledge, skills and techniques to execute projects effectively and efficiently. The major domains include 1) Initiating, 2) Planning, 3) Executing, 4) Monitoring and controlling and 5) Closing. Competencies that are mandatory in today’s competitive corporate-world include 1) Technical knowledge (complete knowledge of the subject you have specialized in), 2) Project management and 3) People management. The nine ‘areas-of-worry’ inferred include 1) Scope/boundaries of the project, 2) Time (required to complete the scope of the project), 3) Cost, 4) Quality, 5) Human Resource, 6) Risk, 7) Communication, 8) Procurement and 9) Integration. In the corporate world, effective People management together with timemanagement and risk management is very crucial as one has to work in teams. As a result more ideas come up and the best if selected for implementation could probably ensure efficient and effective results. Thus complete knowledge on the subject help using better inputs and that aids the organization in taking important decisions. On the other hand, a supply chain is meant to ensure customer requirements so that the right product is available at the right place and at right cost to customer. It is the process of integrating the flow of material from the raw source to final delivery. Project Management aids in the preventing the failure of projects and the cost overruns.
While, it helps in proper planning of the work to-be-implemented for the effective results, Supply Chain Management provides the accurate and cost effective delivery of the materials, equipment’s, etc. It ensures the delivery of the product or the services which manages the risk and procures the right resources at the right time and at the best value. - Priyanka Brar, 11 JGBS India and the Association of South-East Asian Nations (ASEAN) countries Some basic details are at Table 1. India’s potential investment opportunities include:1. Thailand: Human Resources and expertise in healthcare and IT and services 2. Malaysia’s super-corridor: Healthcare, Education and IT 3. Singapore: under the Comprehensive Economic Partnership Agreement (CEPA) to further enhance bilateral trade. 4. Myanmar: By improving the crossborder road connectivity an increase in the bilateral trade can increase threefolds (currently at $1.3 billion). 5. Vietnam: Manufacturing, IT, food processing and energy. India’s free trade agreements with Singapore and Malaysia could raise the Indo-ASEAN trade to $100 billion from the current level at $80 billion. Also, for peaceful settlement of maritime disputes in accordance with prescribed international laws, maritime security in the region related to security, safety, freedom of navigation is possible. With ASEAN currently being the fastest growing region of the world. India should tap these opportunities wisely for trade development, regional cooperation and
security and counter competition from other major economies of the world.
General Information on ASEAN Countries Member Countries: Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, Vietnam Head Office: Jakarta (Indonesia) Formation Date: 8th August 1967 Working Language: English Total Area of Region: 4,479,210.5 Squ km
Recent Economic Indicators: GDP(US$ bn) (Current Prices): 2327.6 (IMF est. 2012) GDP per capita (US$): 3778 (IMF est. 2012) Real GDP growth (%change yoy): 5.3 (2011) Inflation (change % yoy): 5.3 (2011) Total Export (World): US$ 1216 bn (2011) Total Export (India): US$42.53 bn (f.y. 2012) Total Imports (World): US$ 1158 bn (2011) Total Imports (India): US$ 25.63 bn (f.y. 2012)
Potential Sectors for Trade and Investment between India and ASEAN Countries Agriculture and Food Processing Textiles, Garments and Accessories Drugs, Pharmaceuticals Mining Infrastructure Gems and Jewelry Palm Oil Rubber, Rubber Products
Major Commodities of Export from India
Petroleum Products Gem and Jewelry Electronic Goods Cotton yarn/RMG cotton Machinery and Instruments Primary/Semi-Finished Iron and Steel Transport Equipment Marine Products Drugs/Pharmaceuticals Inorganic/Organic/Agro Chemicals Dyes/Intermediaries etc.
Information Technology Education Tourism Financial Services and Banking Biotechnology Automotive Sector Wood paper and Pulp
Major Commodities of Import to India Coal/Coke/Briquettes Vegetable Oils and Petroleum Oils Electronic Goods Organic Chemicals Machinery (except Electrical Machineries) Professional Instruments Wood and Wood Products Non-Ferrous Metals Metalliferous Ores and Metal Scraps etc.
Reference: 1. http://articles.timesofindia.indiatimes.com/20 12-12-21/india/35952491_1_india-aseanrelationship-india-and-asean-nations-aseancommunity 2. http://india-aseanbusinessfair.com/FICCIpress-dec18-asean.pdf - Prashant Ghosh, 11 JGBS
I am in the Finance stream at JGBS. Associating with Octaphi Operations Club has its advantages. On a trip organized by them to an international exposition has made me realize the magnitude of exports and imports of India with ASEAN countries. Also, attending the workshop on ‘Primavera P6 EPPM’ has helped me understand the vital role of finance for a successful project. Indeed participation in the club activities is beneficial.- Abhinav Shikhar 11 JGBS.
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OCTANE-The Octaphi Newsletter Delhi Mumbai Industrial Corridor (DMIC) “The manufacturing hubs that the DMIC is creating will be critical for future growth.” - Amitabh Kant CEO & MD, DMICDC
For previous issues visit: http://issuu.com/octaphi/docs Reference: 1. http://www.nhai.org/roadnetwork.htm 2. http://en.wikipedia.org/wiki/List_of_countries_by_carbon_dioxide_emissions 3. http://epaper.timesofindia.com/ - Mudit Desai, 11 JGBS
Crossword Puzzle
It plans to develop seven mini-smart cities that would come up along the Dedicated Rail Freight Corridor (DFC) between Delhi and Mumbai, with end terminals at Dadri in Delhi-NCR and Jawaharlal Nehru Port near Mumbai. The overall length of DMIC is 1483 km, which is just 2% of the total national highway of India and would pass through the states of Maharashtra, Gujarat, Rajasthan, Uttar Pradesh, Madhya Pradesh and Haryana. The plans also encompass development for multimodal transportation for better facilities and improved logistics in the area. Multimodal transport, for effective and quality transportation shall contain high-axel dedicated freight on DFC, BRTS, seaports and airports. The western part of the corridor would be considered as the “Global manufacturing and Trading hub” which would generate triple industrial output along the corridor. Employment in the logistic sector is proposed to double by 2015.
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Answers for Vol .1, Issue 3 crossword: 1. Kitting, 2. Newsvendor, 3. Andon, 4. Echelon, 5. Carousel
Delhi Mumbai Industrial Corridor (DMIC) is one of the world’s largest infrastructure project estimated to influence 180 million people i.e. 14% of the population of India. The project planned in 2006 through an MOU between Government of Japan and the Department of Industrial Policy & Promotion, Government of India is estimated to cost Rs.423,000 CR. The project also envisages development of a 4000 MW power plant, three seaports and six airports.
Submission by Feb 01, 2013 to octaphi@jgu.edu.in Clues:
1. Customer expectation 2. Transforming inputs into useful outputs and thereby adding value to some entity 3. Differentiate products from one firm from another 4. Outputs/Inputs 5. In manufacturing refers to a status-display station Club Activities
In the DMIC project, Government, State Government, Municipal Authorities, and other Authorities, Companies and project developer would be involved to study, research and survey for ensuring excellent infrastructure development both at the individual state as-well-as as for the country. The need of this corridor was generated to boost the economics of the country knowing the facts that about 65% of freight and 80% passenger traffic are carried by the roads. India’s National Highways constitute about 1.7% of the road network that carry about 40% of the total road traffic. Once the route is commissioned, the transit time between Delhi-Mumbai would reduce to 36 hrs. from the current travel time at 60 hrs. The DMIC corridor would develop new logistic hubs and improve transportation system between two metro cities. It is estimated that with the new effective transportation and green energy projects when in place shall reduce greenhouse gas emission by 477m Ton CO2 over a 30 year period, which is 28% as per 2008 emission data. The new seven smart and green cities, inspired by the Chinese and South Korean designs shall ensure compact vertical developments, efficient public transportation system, digital technology to manage civic infrastructure, recycling of sewage water for industrial use, green spaces, cycle tracks and easy accessibility to goods, services and activities so as to foster a sense of community. Some innovative plans under consideration include underground utility corridors for parking, sewage disposal, neat communication links, like pavements, parks, & cycle tracks.
1. One day workshop on "PRIMAVERA P6 EPPM " at CADD Centre, New Delhi, on 24-12-12 2. One day visit to 2nd INDIA-ASEAN Business Fair & Conclave at Pragati Maiden, New Delhi on 20-12-12 3. Launched dedicated blog for Octaphi Operations Mgmt. Club at Bloggers.com on 01 October 2012 4. One day visit to 9th International Exhibition + Conference 2012 on Minerals Metals Metallurgy and Materials (MMMM) at Pragati Maiden, New Delhi on 30-07-12.
Blog posts list 1. Supply chain in the age of E-Business 2. Challenges and implications of storage capacity (warehouse) in India 3. Perspectives on supply chain sustainability 4. Workshop on PRIMAVERA P6 EPPM 5. FMEA in Manufacturing Industries
Editorial Board: J.Joshuva Alexander (11 JGBS) Yatish Prasad Dasari (11 JGBS) Saroj Koul (JGBS) Contact: octaphi@jgu.edu.in
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