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Projects & Profits


June '09
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Financing Desalination Projects: Case Studies of Israel and Singapore
Capital Budgeting Systems: Missing Link in Project Appraisal
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Renewable Energy Projects: Project Management Opportunities, Challenges and Risks

-- Morgan Henrie and Annie McIntyre

When analyzing or working on a renewable energy project or a project that includes elements of renewable technologies, the project manager faces some unique efforts which transcend the usual project success iron triangle of schedule, product (quality) and costs. Project managers also face significant renewable technology challenges and risks and at times, a severe lack of broad-based knowledge pools.

PM Methodology and Process Improvement

-- George Pitagorsky

Performance improvement is an objective of every organization. Every organization wants to continuously increase Return On Investment (ROI), minimize costs, get to market faster with better products and services, to increasingly satisfy customers, shareholders, regulators and employees. A Project Management (PM) methodology that promotes a lean (no waste) and agile (flexible and supportive of good interpersonal relations) approach is a means to the end of improving organizational performance.

Financing Desalination Projects: Case Studies of Israel and Singapore

-- Abu Naser Chowdhury and Po-Han Chen

Water is a precious and strategic resource for both, Singapore and Israel. As an attempt to provide reliable and assured water supply, desalination plants have been set with Public Private Partnerships in both the countries. Both, Ashkelon in Israel and Tuas in Singapore are the first Public Private Partnership desalination projects in their respective countries, serving as a test case for government, lending institutions and the private sector. The dual case study is a comparison of project financing of desalination projects in Israel and Singapore. The analysis reveals the key issues involved in the successful financing of desalination projects.

Article Price : Rs.50

Capital Budgeting Systems: Missing Link in Project Appraisal

-- Robert C Higgins and Lawrence Schall

Capital budgeting systems define the way a company allocates decision rights and responsibilities for capital expenditure analysis. This article argues that capital budgeting systems are central to effective resource allocation and discusses two recurring challenges in system design and management: maintaining top management leadership and properly defining top management's administrative role. We maintain that leadership is best achieved by tightly linking strategic planning and capital budgeting and argue that the top management's chief administrative responsibility is to create a healthy decision-making environment for operating managers.

Article Price : Rs.50

Project Management in Support of Public Administration: Reflecting the State of the Art in International Project Management

-- Russell D Archibald

This article is intended to provide governmental ministers and their senior executives with the understanding of what they must demand of their staff members, today and in the coming years, in order to achieve the full benefits of modern project management, within the realities of the Internet age. It is also intended for use by project management professionals at all levels, to communicate with their senior executives and convey to them the direction in which the development of the project management discipline should be going.

 
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Automated Teller Machines (ATMs): The Changing Face of Banking in India

Bank Management
Information and communication technology has changed the way in which banks provide services to its customers. These days the customers are able to perform their routine banking transactions without even entering the bank premises. ATM is one such development in recent years, which provides remote banking services all over the world, including India. This paper analyzes the development of this self-service banking in India based on the secondary data.

The Information and Communication Technology (ICT) is playing a very important role in the progress and advancement in almost all walks of life. The deregulated environment has provided an opportunity to restructure the means and methods of delivery of services in many areas, including the banking sector. The ICT has been a focused issue in the past two decades in Indian banking. In fact, ICTs are enabling the banks to change the way in which they are functioning. Improved customer service has become very important for the very survival and growth of banking sector in the reforms era. The technological advancements, deregulations, and intense competition due to the entry of private sector and foreign banks have altered the face of banking from one of mere intermediation to one of provider of quick, efficient and customer-friendly services. With the introduction and adoption of ICT in the banking sector, the customers are fast moving away from the traditional branch banking system to the convenient and comfort of virtual banking. The most important virtual banking services are phone banking, mobile banking, Internet banking and ATM banking. These electronic channels have enhanced the delivery of banking services accurately and efficiently to the customers. The ATMs are an important part of a bank’s alternative channel to reach the customers, to showcase products and services and to create brand awareness. This is reflected in the increase in the number of ATMs all over the world. ATM is one of the most widely used remote banking services all over the world, including India. This paper analyzes the growth of ATMs of different bank groups in India.
International Scenario

If ATMs are largely available over geographically dispersed areas, the benefit from using an ATM will increase as customers will be able to access their bank accounts from any geographic location. This would imply that the value of an ATM network increases with the number of available ATM locations, and the value of a bank network to a customer will be determined in part by the final network size of the banking system. The statistical information on the growth of branches and ATM network in select countries.

Indian Scenario

The financial services industry in India has witnessed a phenomenal growth, diversification and specialization since the initiation of financial sector reforms in 1991. Greater customer orientation is the only way to retain customer loyalty and withstand competition in the liberalized world. In a market-driven strategy of development, customer preference is of paramount importance in any economy. Gone are the days when customers used to come to the doorsteps of banks. Now the banks are required to chase the customers; only those banks which are customercentric and extremely focused on the needs of their clients can succeed in their business today.

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