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The  positivity  is,  there  are  opportunity  for  project   team but he/she should know where to step in. Project
          managers and there’s not many talents available in the   Manager should not to be an administrator, he should
          market. Negativity is, you don’t have those many roles   be a leader. As a Leader you should lead by example.
          available  in  the  industry.  The  number  of  Project   Project  Manager  should  know  everything  about  the
          Managers in any organization is limited to approx. 1%   project,  he/she  goes  and  supports  his  project  team
          of their total strength. But still there is a good demand   where they need it.
          for seasoned Project Managers in the industry.

          You are a PMP and have knowledge of PMBOK so,
          how  does  it  help  you  in  managing  Product   Project Manager is like a drone flying high looking over
                                                           everything  and  he/she  knows  when  and  where  the
          Development Projects?
                                                           strings to be pulled, just like Kathputali (Marionette).
          PMBOK is a structured way of approaching to Project
          Management. Today  other  than  PMBOK,  PRINCE2  is   That’s  the  project  manager’s  role,  he  plays  with  the
          another version of framework available, which is used   strings.  Project  Manager’s  focus  should  be  on  four
          by  most  of  the  European  companies.  US  based   things Quality, Delivery, cost and Resource. He doesn’t
                                                           have to look anywhere else. Product development is all
          multinational  companies  are  following  PMI-PMBOK.
          PMBOK is important because it touches each and every   about time to market how fast you take your product to
          function  of  organisation.  It  teaches  each  and  every   the  market,  how  much  revenue  you  earn  for  the
          aspect  of  project  management.  If  you  see  PMBOK,  it   organization.  The moment  you delay  that  you are in
                                                           loss. Project manager should always keep in mind that
          does not provide you with any readymade templates.
          There are 5 processes in the PMBOK and 9 knowledge   project  should  be  on  schedule.  Cost,  quality  can  be
          areas. There’s single page in PMBOK which shows all 5   recovered. But time cannot be recovered, once the time
                                                           is gone it is gone. The success criteria for project is to
          processes  and  9  knowledge  areas,  I  think  that single
                                                           be ON TIME, with required QUALITY, COST & should
          page  is  so  important  that  you  get  crux  of  complete
          Project Management. I started giving this approach into   be within BUDGET. The focus of PM should always be
          Emerson. It gives you direction and tells you where to   on above parameters.
          go but doesn’t tell you how to go there. How to go there   What  are  common  challenges  that  you  face
          is  your  approach  and  it  varies  organization  to   regarding  management  of  Product  development
          organization.  In  some  companies  PMBOK  is  not   Projects?
          completely  followed.  So  it  is  necessary  to  see  how   The first challenge that we are facing is, having skilled
          PMBOK is made useful to your industry & organisation.   (human)  resources  working  on  projects.  There  are
          In  Emerson  product  development  cycle  has  almost   multiple projects going on at the same time but focus of
          205+ processes. We found that some of the processes   PM  group  should  be  on  top  priority  projects  of  the
          were not useful for EGS & per business requirement we   organization. You may not get skilled resources from
          curtail it down to 105 processes. It is important to see   respective functions to work on projects. Sometimes,
          how PMBOK is applicable to your Organization.    you need to compromise or trade off on the availability
                                                           of  resources.  Another  challenge  we  have  is  global
          You lead team of Project Managers every day, what
          are  your  expectations  from  entry  level  Project   environment.  Dealing  with  multi-locational,  multi-
          Managers?                                        cultural team is challenging. The working culture and
                                                           ascents  in  continents  are  different.  In  managing  a
          At  basic  level,  Project  Manager  must  know  how
                                                           project it is impossible to travel each & every time for
          different  departments  work  in  an  organization  and
          must have basic knowledge about it. If you know how   the project team. So you need to take help of video &
          each department works, then you would be in a position   audio conferencing. In my opinion, the complete project
                                                           team should meet face to face at the time of project kick
          to challenge them. So Project Coordinator reviews what
                                                           off  &  the  project  manager  should  conduct  planning
          work  is  done  whereas  Project  Manager  checks  how
          work  is  done.  As  project  manager,  he  or  she  is  not   workshop for the project to define timelines & scope.
          supposed to be stepping in the day to day activities of





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