Jan - May 2011 - S.P. Jain Institute of Management and Research
Jan - May 2011 - S.P. Jain Institute of Management and Research
Jan - May 2011 - S.P. Jain Institute of Management and Research
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Rainbow Colours <strong>of</strong> InnovationPGEMP participants ‘Influencing Practice’ in their work - A TestimonialRupesh <strong>Jain</strong>Assistant Manager,Planning & ProjectMonitoring,Delhi Metro RailGammon India LimitedI had an opportunity to doStatic Budget Variance <strong>and</strong>detailed variance analysis <strong>of</strong>material <strong>and</strong> manpowerdeployed in the Delhi MetroRail Project. Since I havestudied variance analysisduring PGEMP program, itwas easy for me to completethe task <strong>and</strong> train my team indoing it. We have completedQuantity & Price Variance forMaterials <strong>and</strong> Efficiency &Price Variance for Labour.This exercise increased myconfidence <strong>and</strong> gave me anopportunity to apply learningin my real work.Sachin ThakurIndoor Testing (CabGroup), Engineering<strong>Research</strong> CentreTata Motors Ltd.Our group in R&D <strong>of</strong> TataMotors had put forward arequirement for around 50Lfor procuring equipment.The first proposal was turneddown as no one had an idea<strong>of</strong> how requirement can beshown in terms <strong>of</strong> ROI/NPV/IRR. I was back from the 2ndcontact <strong>of</strong> PGEMP where Ihad learnt Capital Budgetingtechniques. I applied thesame to the relevant financialdata <strong>and</strong> linking it to thepotential savings showinghow the investment wouldpayback within a year. Theproposal got accepted.Pot- pourri <strong>of</strong> thoughts: Fare well to PGEMP batch 21 <strong>and</strong> 22Ranjeeta Singh,State Bank <strong>of</strong> IndiaThe journey <strong>of</strong> EMP has beenenriching <strong>and</strong> enjoyable. Wehave been transformed inthese years. The way wepresent ourselves, ouroutlook, functioning <strong>and</strong>behavior…. all has changedunknowingly. Drawing fromthe varied composition <strong>of</strong> theclass, we also got a feel <strong>of</strong>how private organizationswork.S. S. RaoState Bank <strong>of</strong> IndiaBeing working executives, wepractice <strong>and</strong> implementconcepts in day to day workwithout exactly knowing it ina structured way. Thisprogram helps us tointegrate both concept <strong>and</strong>practice. Informationinterchange with peers alsogives good exposure tomanagement learning.2 years into the program, ourunderst<strong>and</strong>ing <strong>and</strong> responseto issues shows muchimprovement.I was afraid initially in goingback to school after 22 yearsbut the support from peergroup <strong>and</strong> an interesting mix<strong>of</strong> theory <strong>and</strong> practice in thelectures were an effectiveincentives.A D Dalal,L&TP N Chauhan,Monsanto24SPJIMRnews
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