A train of thoughts and writings on development, technology and the economy focusing on the socio-techno-economic-cultural surge of developing economies to regain and partake in leadership of the world. Written by George Easaw. (This is purely an academic site, no commercial use is allowed. Photography rights lie with the respective organisations). Mention credits as needed.
Monday, August 31, 2009
Talk on Risk Management in Projects in XIME ..
It was good listening to Mr Suryaprakash, Vice President Info Systems and Narendra, Delivery Manager and Head Risk management, Infosys talking to second year students of PGDM in XIME on Risk management on 31 August 2009. Hearing it right from the horse's mouth as to the importance Infy assigns to Risk management from the bidding stage to the handing over stage of the project, was very eye opening for the students. It gaye an idea of how Infosys works.
Developing a risk culture within the organisation with no penalties for failing in high risk projects was the best way Infy tackled risk in the organisation. Learning from earlier projects and identifying new risk areas was the mantra to be successful in projects.
Compared to the Industry standard where only 33 % of projects are successful having met requirements of time and within costs, the Infy experience of a success rate of 95 % plus is a reflection of their customer focus and the commitment to deliver on time...