We are fast approaching the end of a decade which has seen rapid growth followed by a sudden, unforeseen and unprecedented economic debacle that questioned every financial wizard’s wisdom or shall I say put a question mark on it. As the economies wreak havoc, portfolios are cut down and expenses curtailed, there are organizations that see these events as an opportunity to pause, reassess the fundamentals and invest in “future.”
Many tend to conveniently blame the greed of a few for this economic disaster. If this indeed is the reason then such disasters should have happened more frequently because greed, as a human trait, was not discovered recently. I think it was lack of discipline and measures to control this greed, to keep such excesses in check.
This crisis has made organizations wiser. Each spend, going forward, would be measured against alignment of priorities with higher levels of scrutiny. More importance will be placed in the basics of the discipline called Project / Program / Portfolio management. Strong charters, validated baselines, value of methodical rigor, clear stakeholder mapping, tighter controls and review process would get their right places in the projects / programs of the future.
The time is ripe to share knowledge and learning rather than experiment and test and nothing else could assist more than a structured forum designed just to meet this cause.
I welcome you all to the IPPMF’s Dubai forum and look forward to sharing the interesting times ahead.
President of IPPMF Dubai
International Project Portfolio Management Forum
IPPMF Dubai Events
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IPPMF Dubai Publications
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Meet the IPPMF Dubai Committee
Associate Director (Vice President) – Investment Bank, Corporate & Investment Banking Group – MashreqBank PSC, Dubai, United Arab Emirates
AICWA – Member of the Institute of Costs and Works Accountants of India. Passed both groups of the final examinations of the institute in the first attempt in a single sitting & awarded “Merit Certificate” – June’ 97
ACS – Passed the Intermediate exams in the first attempt. Passed Group I of the final in first attempt – June’ 99.
M Com from Sri Sathya Sai Institute of Higher Learning, Prashanti Nilayam - June’ 95. Declared Outstanding (Grade ‘O’ / 72% / CGPA of 4.5 on a scale of 5.00)
B Com from Sri Sathya Sai Institute of Higher Learning, Prashanti Nilayam in June’ 93. Declared Outstanding (Grade ‘O’ / 69% / CGPA of 4.44 on a scale of 5.00)
XII CBSE from Sri Sathya Sai Higher Secondary School, Prashanti Nilayam in 1990. Won the “Best Student” award for standing first in the school (90%)