About this Presentation
This presentation describes the significant growth in India’s economy highlighting the 10% growth in gross domestic product and the manufacturing sector. The India status of project management is discussed with respect to due date performance (99% of projects late), cost overruns (expected cost overrun of 20%) and scope. The large number of very large projects is discussed as is the lack of managerial experience in project planning and execution. A case study of a client is discussed where the company is building a Greenfield paper mill (estimated cost $20 million) and lessons learned from this project are presented. A paper machine project flow diagram, project management competence, the opportunity for critical chain, challenges faced in Indian context (cash flow management, for example) unstructured processes, project realities, managing supplier and contractor relationships, use of templates (task update, issue resolution, cash flow, vender management, procurement) are described.
What Will You Learn
To help you get the most value from this session, we’ve highlighted a few key points. These takeaways capture the main ideas and practical insights from the presentation, making it easier for you to review, reflect, and apply what you’ve learned.
The Indian economy is experiencing rapid growth, leading to a surge in projects and investments across various sectors.
There is a lack of project management competencies in the country, leading to project delays and over-budgeting.
To address these challenges, the speaker recommends better planning, improved cash flow management, and better vendor relationships.
Instructor(s)
Vishesh Nargotra
Ms Alka Wadhwa
Alka Wadhwa is an experienced consultant and process improvement expert with over 24 years of expertise in the Theory of Constraints (TOC), Lean Six Sigma, and organizational performance optimization. She has successfully led projects in healthcare, financial services, and manufacturing, driving significant improvements such as a 67% boost in hospital operations and a 140% increase in outpatient visits.
Previously, Alka Wadhwa spent 17+ years at GE Global Research Center, where she led initiatives to enhance various GE businesses through advanced technologies, process redesign, and system optimization. Founder of Better Solutions Consulting, LLC, she specializes in using TOC, Six Sigma, and data analytics to streamline operations and build high-performance teams.
Her work has earned her multiple accolades, including the Empire State Award of Excellence in healthcare.
Dr Gary Wadhwa
Dr. Gary Wadhwa is a Board Certified Oral & Maxillofacial Surgeon with extensive experience in the field. He completed his Oral & Maxillofacial Surgery training at Montefiore Hospital, Albert Einstein College of Medicine in Bronx, NY, and has served as an Attending at prestigious institutions like St. Peters Hospitals, Ellis Hospital, and Beth Israel Hospital in NY. With a career spanning over two decades, he was the former CEO and President of a group specialty practice in NY from 1994 to 2015. Dr. Wadhwa holds an MBA from UT at Knoxville, TN, and has undergone additional training in System Dynamics at MIT, Health System Management at Harvard Business School, and Entrepreneurship and healthcare innovations at Columbia Business School. Committed to expanding access to Oral & Maxillofacial Surgery care, he is currently engaged in a meaningful project to provide healthcare services to underserved populations in inner city and rural areas through non-profit Community Health Centers.