Resource Management – The Challenges

Resource Management

The business landscape is facing rapid transformations and with this, the challenges posed to human resource management are also evolving and will keep growing in the coming years. HR Managers are required to stay ahead of their game by understanding the future demographic and prepare themselves for the changes in society and technology. The shifts in the business scenarios have led to the changing roles of HR professionals. The effectiveness of their jobs comes from how much they understand the corporate strategic direction and to what extent they could influence decisions and policies. They should clearly determine the challenges and solutions in order to succeed. According to a survey conducted by PricewaterhouseCoopers, the three major human resource challenges faced by most companies are change management, leadership development, and HR effectiveness measurement.

The biggest issue faced by the HR is change management is found particularly challenging for personal management. A greater focus on training might be needed so as to prepare them for dealing with change management. The next biggest challenge is leadership development which is required to be a critical strategic initiative. HR professionals have the responsibility of providing the necessary structures, tools, procedures and points of view so that the best choices are made and future leaders of the organization are developed. The WFPMA report states that leadership development has been globally identified as a critical strategic initiative to ensure retention of the right employees, internal performance is supported in the organizational culture to gain market position and managers have the potential of becoming the future leaders in order to ensure long-term operability of the organization. The third major challenge is the measurement of the effectiveness of HR as it is a key factor driving the improvement in a company. Much like any other area, results need to be managed in this profession also regarding transaction management and how much positive influence they have in the business. Analyzing the effectiveness of HR marks the beginning of a transformation of the role of the HR from an administrative function to a true strategic partner of the organization. According to the WFPMA survey, organizational effectiveness is believed to be a critical issue for HR in the future.

Synergy provides certification programs for Project Management Expert. Project Management professionals are required to work with allocated resources and obtain the maximum value out of them by staying within the constraints of time and cost limitations.

Soft skills – A need of the hour

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“Soft Skills” is the ability of a person to deal with various scenarios in random conditions. Training for soft skills is not the same as training for language skills or technical skills. Soft skills are often confused with these skills. In reality, soft skills are the skills companies look for in order to hire a person. The reason this skill is so important because an individual who has a learning attitude is easier to train as compared to someone who has a negative attitude for learning new things. The way you talk, dress up, walk, your approach towards working all are the things that speak a lot about you.

There has been a huge rise in the number of industries from different sectors like IT, Travel, Hospitality, Financial Services, Transport, Communication, and Healthcare. Although there has been a significant increase in the number of job opportunities, companies struggle a lot to find a suitable candidate. This is an indication that the number of people who are employable is very less. There is a wide gap between the numbers of people who aspire to be employed compared to those who could be employed. The need for incorporating soft skills into students has been realized by educational institutions. It is important to be able to interact with the customers and work with the team members in a collaborative manner. It is crucial to maintain the quality of work and productivity. Soft skills have less to do with knowledge and more to do with who we are. The foundation for a successful career may be laid by hard skills, but they are only strengthened by soft skills. There are two types of soft skills, interpersonal and intrapersonal. Interpersonal skills are about how a person could manage his or her feelings or behaviors in a social context and how they are reflected in others. Intrapersonal skills are about dealing with the thoughts and emotions that persist within an individual. Life skills are a mix of both these types of skills that enable an individual to develop a better understanding, effective communication and the ability to deal with difficult situations by making better choices.

Synergy school of business skills offers Employability Skill Development Program in which candidates will be taught about various skills that make you employable like presentation skills, communication skills, and skills of negotiation and team development. These skills will enable an individual to adapt to the culture of an organization and work with people of different backgrounds.

Requirement gathering – An important aspect of project management

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The success of any project is largely dependent on the preciseness and efficiency put into the task of requirement gathering. Even with the arrival of agile development methodologies alongside the traditional SDLC, the focus on requirements and specifications remains unchanged. But the current process of requirement definition has to make a shift towards an active collaborative model in which the IT managers and CIOs tap the minds of every level of the customer hierarchy.

Many times, the only way to define the qualitative or technical requirements of a project is through a Work Breakdown Structure or WBS. A WBS breaks your project into consumable bits so that you are aware of the parameters for each step followed for the project. After breaking the project down into the most basic steps, you can document your requirements on the basis of what needs to be accomplished in each step. The WBS analysis comprises of various methodologies like SWOT analysis, creating checklists or SMART lists.

Joint Application Development (JAD) consists of brainstorming sessions and workshops amongst managers, clients and system analysts. These JAD sessions encourage the development of ideas under the scope of the project, not just that, they are also useful in drawing the concept for different types of projects. The JAD coordinator often demonstrates the group about the analysis of the similar project in the past. The participation of clients and other stakeholders is necessary for producing an optimized output. These sessions include discussions about how the project scope will be developed and how the requirements will be gathered. As you proceed with the requirement gathering, you should keep observing what the most difficult part of this process is and which way is easiest to be followed. Many people prefer to develop the requirement list before the project scope is determined because otherwise they will have to change plans even before they get going. While others have to first carve out the scope and its parameters, only then can they figure out what is needed to get started.

Synergy offers certification courses for Project Management Expert, PMP Power Pack, PMP preparatory regular, ACP preparatory training and CAPM preparatory training along with Scrum Developer, Scrum Master, and Scrum Product Owner certifications. It also offers training programs for Diploma, PG Diploma, and Master Diploma in PPM along with training for Foundation Project, Microsoft Project, and Asta Powerproject.

The Major Challenges of Enterprise Project Portfolio Management

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Enterprise Project and Portfolio Management is a formal approach that every organization uses to organize, prioritize and manage project workflow. This approach is used to examine the risk-reward of each project, availability of funds, the expected project duration and outcomes. Although this method intends to serve its best, still some organizations faces Portfolio Management Challenges such as:

Too many projects to target

One of the major challenges arises when there are a number of projects that are needed to be worked upon at the same time. At times, lack of a PMO leaves the responsibility of project management on a single manager and sometimes, one project manager has to handle multiple projects at the same time that can lead to Portfolio Management Challenges such as, lack of focus and failure in delivery.

Misallocation of resources

Sharing same resources across multiple projects or lack of resources can create troubles for the project managers in any organization. Allocation of the same resources in terms of manpower, tools, etc. to one project manager can lead to Portfolio Management Challenges when he or she is managing multiple projects at the same time.

Financial Management

As an organization deals with large scale portfolios, projects are tracked and analyzed. This can be a major Portfolio Management Challenge as more responsibilities are laid on shoulders of project managers who are authorizing, recording and reporting these expenditures. This can create more room for errors and therefore it is needed to confirm to regulations regarding expenses.

The solution to all these Portfolio Management Challenges is a Project Portfolio Management tool. Additionally, these tools can only be handy if professionals and project managers are skilled enough to use them. The Synergy School of Business Skills, one of the powerful arms of CADD Centre for Technical Training and Development offers courses in PME, Project planning and Management and Project Management Professionals that professionals can opt to empower themselves in Project Portfolio Management.

5S and Kaizen for process development

5s kaizen

The 5s Kaizen process of project development deals with all the methods that can be adopted by an organization to achieve excellence in their business operations. The Kaizen and 5s methods helps professionals by imparting in them, knowledge of eliminating waste of resources through any business process.

Objective to use The 5S Kaizen methods

These methods emphasizes on developing competency by evolutionary learning. It is based on the idea of continues learning, known as the Kaizen method making small and incremental changes on a regular basis which are sustained over a long period of time improving the overall performance of an organization.

How does 5s Kaizan helpful for Professionals

Excellence in the 5S Kaizen methods transforms candidates and professionals into quality champions equipping them with the 5S philosophy through learning and training sessions. Candidates learn how to identify and eliminate all categories of waste efficiently and quickly, they also learn how to reduce cost, improving quality and meeting the work obligations as efficiently as possible.

The 5S Kaizen methods aims to inspire Professionals to understand and apply the concepts of operational excellence in their respective jobs. This excellence is implemented with a set of principles, systems and tools that aim to achieve sustainable development in key performance metrics.

The 5S Kaizen methods deals in the concepts of Muda, Mura, and Muri, the three MU’s of Kaizen along with practices of 5S framework, such as Just In Time (JIT) philosophy and Kanban systems. The Synergy school of Business Skills, one of the important and powerful arms of the CADD Centre for Technical Training and Development offers short term and powerful courses in 5S and Foundation course on Operational Excellence that can be beneficial for candidates who want to master their skills in the 5s Kaizen methods.