IPMPRISM

Of the three leadership archetypes,i.e. Business Developer, FunctionalLeader and Project Manager, in thedaysandmonthstocome,theProjectManager archetype with all itsaccompanying competencies, willdefinethefutureofL&T.Aswebegin2018, let us at the outset wishourselvesandourfamiliesthebestinanyprojectthatwesetourselvestoexecute.It isbelievedthatmanyoforientaloriginhaveanexternallocus of control . Thismeans that luck, destiny and forcesexternaltothemcountmostforthem,insuccessandfailure.While this may be a useful philosophy to cope withdifficulties thatwemust face that are beyond our control,an importantphilosophyto imbibe inProjectManagementis to take responsibility and ownership. This means notblaming the environment however difficult it may be.

ProjectManagementbeginswithafetishfordetail.IwouldliketowishthereadersofIPMPRISMaveryeventful2018withmoresuccessstoriesinyourprojectsandaveryfulfillingprofessionaljourneythroughouttheyear.L&TIPMendeavorstobeasuccesspartnerinyourprofessionaljourneyandisconstantlyexploringnewwaystoconnectyoutothevastprojectmanagementknowledgethatresidesinthecompanyintheformofprojectexperiencesandglobalbestpractices.IamhappythatIPMhasalreadylaunchedwebinarsande‐learningtofacilitateflexiblelearning;pleaseutilizetheseplatformstolearnandshareyouprojectmanagementexperienceswiththelargercommunityofprojectprofessionals.I am also delighted to share that IPM will be launching new flagship programs in 2018 incollaborationwithinternationallyrenownedUniversities,withup‐to‐datecontentsandinnovativepedagogy.Pleasewatchthatspaceinthecompanyannouncementsinthecomingmonths.YouwillalsoseeanewupgradedversionofIPMPRISMfromApr2018onwards.IwillalsotaketheopportunitytoencourageprojectprofessionalstouseIPMPRISMasaplatformto share their projectmanagement challenges and learning from your current projects so thatsuchlearningcanbecollective,collaborativeandcomplementary.HappyLearning,HappySankranti/Lohri/Bihu/PongalandHappyNewYear.Regards,YogiSriramSVP‐CorporateHR&MemberofECom,CorporateHR

INDEX

PageNo.

Title

1 MessagefromMr.YogiSriram

2 FromtheDean’sDesk

3APagefromProjectSuccessStories

4 LookoutintheLibrary

5NewInitiativesListofWebinars

6FlyingHighfromFlagshipProgramme

7 PicturePerfect

8 UpcomingProgrammes

Volume1,Issue4, January,2018

NewYearMessagefromMr.YogiSriram

2017 has been a year of new initiatives for IPM. We launched new

programs like SDA Bocconi program, started webinars, made Online

Education from CII assessable to all employees and of course, we

startedthisnewsletter“IPMPRISM”.Youwillfindthedetailsofthese

infollowingpages.Digitalizationiskeytransformationthatcompanyis

going through and we included subjects related to this in most of our

flagshipprograms.Inthisedition,weareintroducingabooktothereadersondigitalizationand

future editionsofnewupgraded IPMPRISM, youwill find regular articlesonDigitalizationand

digitaltransformation.

IPM’sSCDMs (specific competencydevelopmentmodules)arewell receivedbyparticipants,we

will add more of these in FY2018‐19 with special focus on contracts & claims, project profit

management and client relationship management. There will also announcements related to

relatedtonewflagshipprograms.IlookforwardtothecontinuedpatronagefromyouallforIPM.

BestWishesforagreatyearaheadfullofachievementsthatyoucanproudlyshare.

V.T.ChandraSekharRao

DeanL&TInstituteofProjectManagement

"Plansareonlygoodintentionsunlesstheyimmediatelydegenerateintohardwork."~Peter

Drucker

"First, have a definite, clear practical ideal; a goal, an objective. Second, have the necessary

means to achieve your ends;wisdom,money,materials, andmethods.Third, adjust all your

meanstothatend."~Aristotle

"Thosewhoplandobetterthanthosewhodonotplaneventhoughtheyrarelysticktotheir

plan."~WinstonChurchill

"Expectthebest,planfortheworst,andpreparetobesurprised."~DenisWaitley

"Ifyoudon'tknowwhereyouaregoing.Howcanyouexpecttogetthere?"~BasilS.Walsh

WordsofWisdom‐Planning

1stSTATCOMinIndiaCommissioned  

The Power Transmission & Distribution arm of L&TConstruction has successfully commissioned the country’sfirst STATCOMproject forPowerGridCorporationof IndiaLtd.This±100MVARcapacitysystemisconnectedto400kVbusat400/220kVNPKuntaSubstationinAnantapurdistrictof AndhraPradesh. NPKunta Pooling Station ismeant forevacuating the power generated from the 1500 MW UltraMegaSolarParkcomingupinphases.Thisisalsoconnectedto 400kV Hindupur substation which has significant windgeneration. Due to daily/ monthly/ seasonal variations ofrenewablegenerationthegridvoltageispronetoinstability.The STATCOM is an advanced power electronic convertersystem that dynamically provides the much needed gridstabilitysupportandvoltagecontrol.KeyChallenges&Highlights:Being the first of its kind, the design and engineeringassociated with this state –of – art technology requiredfrequent interactions by L&T team with the customer andthe OEMs of highly customized products. Hyosungwas themain technologypartner.Many itemssuchas the400kVcoupling transformerswerespecific tothisapplicationandweremanufacturedforthefirsttimeinIndia.The turnkey solution was encompassing all the voltage levels viz. EHV, HV and LV ElectricalSystems. Totally 18 racks of valve modules each measuring a height of 5.2m and 2.5MT wereinstalledusingmobilecranes.Air tightwallbushings that take the liveconductor into thevalvehallwere installed at a height of 6munder confined conditions. Also requisite Civil, Structural,MechanicalsystemsofValveHall,ControlRoom,Switchyardwerealsoprovided.Project Schedule: PT&D secured the project in February 2016. This prestigious project wassuccessfullysynchronizedwiththeGridinJune2017.

APagefromProjectSuccessStories

BookReviewTitle    : Leading digital: Turning technology into business  

Author   : Westerman George, Didier Bonnet, Andrew McAfee   

Publisher  : Harvard Business Review Press, USA, 2014. 

Therearethreecompellingandimmediatereasonswhywemustmove fromdigitization todigitalization.The first reason, isageold reason, mentioned in Herbert Simon’s 1978 Nobel Prizelecture, of maintaining efficiency within the organization andreduceeffort, timetodeliverandmanhourcostofactivity.Thesecond reason, is new, stems from advances in IT,Communication and social technologies and evolving platformsfromWeb 2.0 to (now)Web 6.0. This second reason ismostlyorientedtowardsbusinessmodelandhencestrategic innature.It impacts effectiveness and competitive advantage. The thirdreason is, digital platform brings equality as well. Given thatEffectiveness, efficiency and Equality are impact, digital effortsshouldnotandcannotbeignored.

Thefirstfourchaptersdiscusscreatingacompellingexperience,exploitingthepowerofcoreoperationsandreinventingbusinessmodels.

Thegoodnews:thereasonsthatcompaniesfallshortofdigitalmasteryaren’tmysteriousortoonumeroustolist.Infact,thereasonsareprettyeasytocategorize.Companiesthatstrugglewithbecomingtrulydigitalfailtodevelopdigitalcapabilitiestoworkdifferentlyandtheleadershipcapabilitiesrequiredtosetavisionandexecuteonit.ThefirmsthatexcelatbothdigitalandleadershipcapabilitiesareDigitalMasters.

The next four chapters discuss crafting the business unit's digital vision, engaging with the employees,governthetransformationandbuildleadershipcapabilities.

Thediffusionofbusinesstechnologyisaglobalphenomenon.TheDigitalMastersoutperformtheirpeers.Our work indicates that the masters are 26 percent more profitable than their average industrycompetitors.Theygenerate9percentmorerevenuewith theirexistingphysicalcapacityanddrivemoreefficiencyintheirexistingproductsandprocesses.

Wehopethatyou’llfindtheexamplesinthebookcompelling,andthatyou’llusetheprinciple,processes,practices, tools, andmethodsmentioned in the book to help you embark on your own journey towardbecomingaDigitalMaster.

The final four chapters discuss framing the digital challenges, focusing investments, mobilizing theemployees,andsustainingthedigitaltransformation.

AsaDigitalMaster,youwillengagebetterwithyourcustomerandotherstakeholdersandenhancebothyour operational and project performance. "LeadingDigital" is the must‐have guide to help ourorganizationsurviveandthriveinthenew,digitallypowered,globaleconomy.

Ourwishisforyouto“BecomeaDigitalMaster”andyourSBG/BUtostayaheadofourcompetition.  

LookoutintheLibrary

Page 5 of 8

 

L&T IPM has been constantly exploring more ways to ensure global project managementknowledgeisaccessibletowidercrosssectionofouremployees.OneofsuchendeavorsisgettingassociatedwithConstructionIndustryInstitute(CII),Austin,Texas,USA.Asa firststep,IPMacquired one year license for the online education courses, which are designed to helporganizationstounderstandandimplementCII’sBestPracticesandthusultimatelycreategreaterbusiness value for the capital projects. These online courses are engineering and constructionorientedand is available to all the employeesof L&T involved inEngineeringandConstructionIndustry.The topics coveredare givenbelowand each courseunder each topic is ofone‐hourduration.

KeyCourseCatalogue Alignmentatallstages Constructability ConstructionSafety Partnering

PlanningforStart‐up Pre‐ProjectPlanning(orFrontEnd

Planning) ScopeControl

Importantpoints

EnrolmenttoCIIcourseisfree those with following email domain extensions can register – lntecc.com, lntpower.com,

larsentoubro.com RelevanttoL&TEmployeesinvolvedinEngineering&Construction Access Link : https://www.construction‐institute.org/resources/education/online‐

education/course‐catalog

Formoredetails–ReferNewsmanannouncementorcontact dtrivedi@lntipm.org 

  

WehaveconductedfollowingwebinarsonvarioustopicsduringthemonthofNovember&December2017: 

WebinarTitle Date LeadFacultySchedulingTechniquesforPredictableProjectPerformance" 1stNov Dr.HariharanSubramanyan

OpportunitiesforBrilliantDecision‐Making 8thNov Dr.ChakradharIyyunni

LeanProjectManagementBestPractices 15thNov Mr.TonyJacob

CostReductionthroughLeanSupplyChainManagement 29thNov Mr.N.S.Sivaraman

ProjectCostManagementinEPCprojects 13thDec Dr.HirenManiar

BuildinganAgile&ResponsiveSupplyChain 27thDec Mr.BalajiRamadurai

NewInitiatives

ListofWebinars

Successfullycompletedthe11thBatchofLevel1programme–AdvancedCertificateProgrammeinProjectManagement

L&T IPM started 11th batch of L1 Programme (Advanced Certificate in ProjectManagement) on

March2016&successfullycompletedthebatchonDecember,2017. The programme addresses pain points and challenges being faced by L&T projects along with

imparting full suit project management knowledge to project professionals such that they beresponsibleprojectteammembers.

Thisprogramme impartsknowledge, skillsandabilitiesacross theentirespectrumof the theory

andpracticeofProjectManagement

Theaimofthisprogrammeistoprovideacoherent,integrated,indepthframeworkformanaginglarge&complexprojects

The programme design reflects intensive inputs on Fundamentals of Projects, Current

InternationalScenarioofProjectsandappropriateanalyticalframeworkandtoolformanagement

ofprojects The programme emphasizes critical thinking, case analysis, experience sharing, role‐plays, and

substantial use of group activities. The participants will be strongly encouraged to challenge

establishednotionsofbestpractices

FlyingHighonFlagshipProgrammes

IntegratedProjectDelivery(IPD)TrainingProgramforL&TTechnologyServices7thDec‐9thDec2017

QuantitySurveyingServices(NICMAR)Module711th15thDecember,2017

Leadership&ManagerialDevelopmentProgram–

CustomizedinassociationwithIITChennaiforL&TPT&D

 

PicturePerfect

IPMPRISM isabi‐monthlypublicationofL&T InstituteofProjectManagement. IPMcanbeseenasaPRISM thatconvertsthewhitelightofL&TexperiencesinprojectsandtheglobalbestpracticesintostructuredprogrammesforparticipantstolearnthevariousaspectsofprojectmanagementsignifiedbythecolorsgeneratedbythePRISM.Coordinator(s):Dr.ChakradharIyyunni,Mr.DharmendraTrivedi&Mr.SajeshThomas

Sr.No. ProgrammeName Month Dates

1 SCDM‐ProjectCostManagementinEPCprojects Jan1822ndJan‐23rd

Jan

2 L0–FoundationsinProjectManagement Jan18 29thJan‐2ndFeb

3 PMPPreparatoryCourse Jan18 30thJan‐3rdFeb

4 SCDMDelayAnalysisinProject Jan18 30thJan‐31stJan

5 SCDM‐HedginginProjects Feb18 2ndJan‐3rdJan

6 ToolbasedSCDMPrimavera Feb18 8thFeb‐10thFeb

7 SCDMContractManagement Feb18 8thFeb‐9thFeb

8 ToolbasedTILOS Feb1812thFeb‐13th

Feb

9 SCDMAdvancedRiskManagement Feb18 19thFeb‐21stFeb

10 L0–FoundationsinProjectManagement Feb18 19thFeb‐23rdFeb

UpcomingProgrammes

L&TInstituteofProjectManagement