What is the business flight simulator???, Is it really a flight simulator or a business simulator?. Everybody heard about flight simulators, which are very important to train PILOTS by mitigating possible risk for aircraft, trainer’s life, pilot’s life & the civilians’ life. But, how flight simulator can relate with the business?.
Have you heard that some of the well doing businesses become bankruptcy at any time? Best example is the present economic crisis occurred in USA, Europe & other developed countries. What can be the root cause for this? Firstly, bad business decision making, the poor monetary planning and immature decision making of the financial policy makers of the government should responsible for this.
Sometimes, you may have experienced instances where some businessmen, fail in their first or second attempt of the business startup and finally become succeeded. How these can happen? Why such businessmen couldn’t success at the very first time. Main reason is the immature business decision making or lack of experience.
Is there a way to avoid this? Can’t we have a way to provide this experience to novice businessman and make successful businessmen for future?
Why not?, Why cant we use simulators to provide real-time like experience to business decision makers? CIMA, BCS and the Metapraxis Ltd brought this concept to reality. They have designed an IT Based simulator to train business executives and started a certification & training programme to reshape the future business world.
http://www.amplifying-intuition.com/breakthrough.html
Good luck BUSINESS FLIGHT SIMULATOR!!!!!
Thursday, October 23, 2008
Wednesday, October 22, 2008
Does the Project Manager has to be a good Business Analyst?
Of course in most cases….
Specially in the IT sector, Project Manager Role & the Business Analyst role is going in hand in hand. Some organizations define Project Manager Designation with an additional role of a business analyst. However, in other business domain such as in other engineering disciplines, social development projects this will not be much applicable rule. But, having good understanding of various business domains, good analytical skills, negotiation skills & problem solving skills are definitely attributes of a good project manager. Inherently, theses skills are also essential attributes of a business analyst and ultimately Project manager should possess business analysis skills apart from the other general management skills.
If we consider about planning and estimation processes of the project management process groups, in activity duration estimation having a thorough knowledge in particular activities are very important to preparing an accurate estimation. Furthermore, understanding the interdependency of activities and activity sequencing also vital in a planning process. Understanding the UML as a modeling tool also very much advantageous for a PM to carryout his task. But, when we talk about UML most professionals consider it as a tool which is limited to IT or technical domain. However, it is really a business analysis tool which can be used in any business/technology related domain.
Specially in the IT sector, Project Manager Role & the Business Analyst role is going in hand in hand. Some organizations define Project Manager Designation with an additional role of a business analyst. However, in other business domain such as in other engineering disciplines, social development projects this will not be much applicable rule. But, having good understanding of various business domains, good analytical skills, negotiation skills & problem solving skills are definitely attributes of a good project manager. Inherently, theses skills are also essential attributes of a business analyst and ultimately Project manager should possess business analysis skills apart from the other general management skills.
If we consider about planning and estimation processes of the project management process groups, in activity duration estimation having a thorough knowledge in particular activities are very important to preparing an accurate estimation. Furthermore, understanding the interdependency of activities and activity sequencing also vital in a planning process. Understanding the UML as a modeling tool also very much advantageous for a PM to carryout his task. But, when we talk about UML most professionals consider it as a tool which is limited to IT or technical domain. However, it is really a business analysis tool which can be used in any business/technology related domain.
Sunday, October 5, 2008
PM Podcast
http://www.thepmpodcast.com/index.php?Itemid=9&id=77&option=com_content&task=view
This web site will provide valuable information & podcasts for Professionals who preparing for the PMP exam.
This web site will provide valuable information & podcasts for Professionals who preparing for the PMP exam.
Knowladge based tools at your fingertips
http://www.mindtools.com/
One stop shop to gain an insight on decision making skills/techniques for an excellent career.
One stop shop to gain an insight on decision making skills/techniques for an excellent career.
Mind Mapping Tools
Ohhh, Great !!!!.
This is a diagramming tool which is found to be the best and help me to organise my work methodically. It can be used for variety of tasks whether it is Project Management, Business Analysis, writting a Research Paper .....or anything else.
www.mindgenius.com
This is a diagramming tool which is found to be the best and help me to organise my work methodically. It can be used for variety of tasks whether it is Project Management, Business Analysis, writting a Research Paper .....or anything else.
www.mindgenius.com
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