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Articles by Gayatri Yellayi
9 articles
Can a Business Analyst Become a Project Manager?
With inflation, a hybrid working model, supply chain issues, and massive layoffs hitting the market, Project management is one area that has the capability to lead this ship of change, hence the demand for project managers. With the increasing complexity and scope of projects, especially in the digital age, having a skilled project manager is essential to ensure that projects are completed on time, within budget, and to the satisfaction of all stakeholders. Not everyone can foray into the field of project management. However, business analysts, often known as the critical bridge between the business and the development team, ...
Read MoreWhat Does It Mean to Close a Project?
A project is temporary. It has to have a beginning and an ending. The duration of the project depends on many factors. The project has to answer the objectives, the finances involved, the availability of the resources, the quality of the product, and several similar external and internal factors affected. When the project ends, whether successful or not, it has to come across a crucial stage called project closure. First, a project is initiated where the foundation is laid to carry out the project. Then a plan is drawn to determine how the project is to be commenced. Then comes ...
Read MoreWhat are the Steps to Digital Transformation in Banking Sector?
Ever since COVID-19 gatecrashed the world, banks are stopped face-to-face interactions and have sped up the process of digital engagement. Starting in 2020, almost 20% of banks started leveraging tech, and this number has dramatically risen ever since. The automatic opening of digital bank accounts is one significant change technology has brought into the banking sector. Additionally, APIs are leveraged to create new products and services that drive innovation. Some financial institutions have even started migrating to the cloud for faster speed to market. With the increased remote experiences and cyber threats, banking institutions are poised to witness more ...
Read MoreDigital Transformation in the Real World
Digital transformation goes beyond adopting new software for a single purpose. It is transforming the business operations entirely to refine the company structure, meet market requirements that rapidly change, and add value to customer service. Digital transformation is adopting digital technology to a company’s operations, thus enhancing its products, services, and operations. It opens doors to the vast digital arena for businesses to grow and thrive. However, it is also a risky step to take, as companies often fail in the process, thus leading to a downfall. Nevertheless, it is still a worthy risk that must be taken through thorough ...
Read MoreLean Management in the Age of Digital Transformation
Digital transformation has taken up the business world entirely. All businesses utilize the digital age to obtain a competitive edge, sustain themselves in the market, and stay relevant to their customers. Digitization, digitalization, and digital transformation have reached almost all remote corners of the civilized world. Lean management has also reached almost all businesses in their operations. The basic principles of this management, delivering value to the customers, reducing waste to zero, and constantly improving the business, have proven fruitful. Let us discuss lean management and digital transformation and see how they complement each other in the digital era. ...
Read MoreHow to Conduct Effective Project Status Meetings with Your Team?
Most project status meetings happen as part of an organization's tradition. The common lines we hear from a project manager while starting a project would mostly be “Mondays are for review meetings” or “Let’s meet every Wednesday to check on the project updates.” 90% of these status meetings could sail through emails or threads on internal communication platforms like Teams or Slack. That being said, we aren’t downgrading the importance of project status meetings. Instead, we’d like to emphasize how project managers and team members could conduct these meetings to ensure quality project deliverables. Why are Status Review Meetings ...
Read MoreWhy is Planning Important for Successful Project Management?
India’s sophisticated Vande Bharat express project led by Mr. Sudhanshu Mani was completed in less than 18 months with just Rs. 97 crores, where the external agency has quoted Rs. 250 crores. He owes the success of this project to his team and the planning behind it. Irrespective of the project type, planning plays a crucial role in reducing risks, identifying desired goals, and ultimately delivering the agreed prototype. According to PMI, most organizations waste an average of $97 million of the total $1 billion investment due to poor project performance. So, a project manager needs to have ...
Read MoreWhy Should You Conduct Project Status Meetings with Your Team?
With the 18-month-long delivery cycles becoming a wild goose chase for clients and organizations, agile methodologies are now the safest bet with quarterly releases and two-week delivery cycles. Agile way of working appeals to the customers and project members alike as the product gets to market faster. However, when companies go agile, project managers bear the brunt of updating the project plans to the client every week. This necessitates frequent meetings within the team to discuss project updates and progress. Through this article, let’s get into the crux of a project status meeting and how it be a ...
Read MoreHow Can You Get Project Management Certification with Zero Budget?
Did you know? India will be in need of 7 million project managers by 2027. With organizations these days taking massive leaps into adopting ML, big data, automation, and AI; project managers shall play a vital role in implementing digital transformation projects effectively. To make a mark in this ever-growing and changing field of project management, obtaining a certification is vital in opening up the doors for your career advancement and higher earning potential. However, the cost of obtaining a certification can be a significant hindrance for many. But what if we told you that upskilling yourself through ...
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