New Mindset in Continuous Learning and Project Management

It does not take a lot of observation to know that life is dynamic, and so life is about change. Yet sometimes we resist and are not comfortable with change even though we know there is nothing constant in life except probably CHANGE, Taxes, and Death. Some say that under the sun there is nothing constant but Change; be it Change through Evolution, Revolution, and Big-bang!

CHANGE IS NOT AN OPTION. I am afraid we cannot shut ourselves from the world even if we choose to live in isolation in Timbuktu. As much as we refuse to change there, all things around us including ourselves will change over time. Besides, life is guaranteed boring without change. Change is continual, and this is a given.

I can also say this for sure: CHANGE TAKES PLACE FASTER OVER TIME – making shorter life cycles for a lot of things in life. Changes make things obsolete. I used to say that what is good now may not be good in a century to come. Now I find it is no longer applicable, instead WHAT IS GOOD NOW MAY NOT BE GOOD IN MONTHS TO COME.

 IT revolution and globalization and the changes they have brought about into our lives, be it in the way we live, how we do business, in information processing and dissemination, in the entertainment world, in the way we talk, call, and communicate to others, and many more.

 IT revolution and globalization has brought about massive changes in life, in how we work, or the work processes we use. This in turn creates KNOWLEDGE BASED SOCIETY & COMPANIES.

These changes bring about more and more competitive world. Companies are driven to change the way they operate to be more CUSTOMERS CENTRIC or to lose out in competition.

Professionals of today face multi challenges of staying current and up-to-date in their field and remaining competitive in the workplace. So do the project management professionals of today as well. The constantly emerging information technology, the era of globalization, the knowledge based society we are in, and the more and faster changes created make it imperative that all professionals, fresh graduates, new comers in the industry, as well as those more experienced practitioners to continually update their skill, expertise, and know-how both for themselves for their personal growths and for the performance of the organizations where they work. These conditions have compelled us to:

 Accept changes with open mind

 Be flexible to adopt, adjust, and adapt

 Learn, Re-learn, and as required Unlearn those that have become irrelevant and obsolete over time

 Be clear & fast, know what we want, how we want it, and take action

 Embark on Continuous learning as CONTINUOUS LEARNING IS CONTINUOUS EARNING

Project management is the most critical business skill and competency of today that forms the basic building block of knowledge based company for businesses. As more and more companies and government agencies are adopting and making Project Management their strategic competency, experienced project management practitioners as well as newer comers in the industry are challenged to adopt the latest sound project management knowledge and the best practices in order to meet the demands of both the customer and their own organization in delivering projects on time, within budget and within scope. This need makes it imperative that all project management professionals, fresh graduates, new comers in the industry, as well as those more experienced practitioners to continually refresh and update their skill, expertise, and know-how both for themselves for their personal growths and for the performance of the organizations where they work. Continuous learning will go beyond the adage of continuous earning as the sound project management knowledge, skills, and the latest best practices will enable project managers to perform better in estimate, planning, implementation, and monitoring of the project. Take a look at how this site www.Projectmanagement-Mentoring.com may help you achieve your objectives.

Article by Herry Hendarto PMP,

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The concept of outsourcing dates to early eighties when larger business houses started hiring their non core functions to outsourced companies. Most of the outsourced companies were specialized in providing particular service,product or function. These outsourced companies would take in charge of the functions which were to be outsourced.

Outsourcing in literal sense means sourcing from offshore business houses. It refers to sub- contracting of non core aspects of the business to a third party vendor. It can also be said that, outsourcing is a sort of arrangement in which one company hires another company which can take charge of their in-house services. Outsourcing can range from large contracts like managing the IT support services of the client, to the general trend of hiring contractors and office workers on individual basis. Generally, the non-core aspects of the business are outsourced.

Some common examples of outsourcing include IT support services, telemarketing services, manufacturing components,order processing, phone answering services and customer support services.

Types of outsourcing:

Outsourcing can be divided into two broad categories. These are Business process outsourcing( BPO) and Knowledge Process Outsourcing( KPO)

Business process outsourcing( BPO): This term was coined in the year 1995 and was accelerated by the expansion of Internet business. It is the process of hiring a service provider which would handle the business activities of the client company.

These are some of the common BPO services which are outsourced :Back office functions ,

IT help desk services, Accounting services, Human resource services, Customer support services,Telemarketing,Database management,Web development,Content writing, Market research ,Manufacturing and many others .

Knowledge Process Outsourcing( KPO): This is also known as technology outsourcing services. This can be defined as a high value added process chain which depends on factors like skills, experience and domain knowledge. Generally KPO is carried out by people who have certain expertise in that particular area.

KPO typically involves the component of Business process outsourcing( KPO), Analysis process outsourcing( APO) and Research process outsourcing( RPO)

Some of the common KPO services are :Animation ans simulation services,Intellectual property research,Business and technical analysis,Litigation services, Research and development,Learning solutions,Medical services,Data analytics,Network management,Software development and many others,

Benefits of outsourcing:

Some of the benefits gained through outsourcing are as follows:

*It provides opportunities to focus on core business operations

* Helps to reduce human resource management costs.

*Provides access to specialized resources as per requirement

*Organized project management, refinement of risk management and service delivery abilities

* Better implementation of demand management and support operations

*Efficiency in process management and service deliveries

*Improved customer satisfaction which helps in customer retention.

*Advantages of time zones. This enables the client to work faster and gives a competitive edge to his business.

Today, outsourcing market is seen to be one of the strategic management option, rather than just a mere cost cutting operation. It is estimated to grow in near future, as increasing number of companies are planning to outsource their high as well as low end jobs to offshore destinations. It helps offshore companies to have cutting-edge in their business worldwide.

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If you patent your technology with specific purposes, and another guy applies them in different fields. In legal practices, they can’t use your technology. You are allowed to use the technology in new fields. That’s what patent for.

Help answer the question about strategic management

2.“Customers with a stronger bargaining power relative to their suppliers may force supply prices down or demand better quality for the same price and may demand more favorable terms of evel involves different strategic decision?

About Author

Sandra Jones works with a reputed BPO service provider in North America. She has written various articles on outsourcing, call centers, telemarketing services and industry related to BPO service providers. Her area of expertise lies in Business process outsourcing.

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• New Mindset in Continuous Learning and Project Management