Delivered speech at Gyan Lahari Conference 2017 (Knowledge Ways), held by Project Management Institute (PMI), Pearl City Chapter, Hyderabad....VSR

1. Project Management In The Era Of Digital
Economy & 4th Industrial Revolution!
V. Srinivasa Rao
(VSR)
15th July, 2017

2. Cyber
System
• Computing
• Storage
• Algorithms
• Logic & Flow
• Communication system
• Collaboration system
• Information Processing
Physical
System
Enterprise
System
Biological
System
• Mechanical
System
• Optical System
• Electrical
System
• Business
Model
• Products
• Services
• Processes
• Operating
Model
• Talent
• Circulatory
• Respiratory
• Nervous
• Muscular
• Digestive
• Reproductive
• Sensory
• Urinary
• Others
• Micro
organisms
Social
Systems
• Government
• Healthcare
Education
• Others
4th Industrial
Revolution

3. Businesses, People and Governments are significantly getting disrupted
with digital technologies. We need to change the rules of the game in
today’s Digital Economy
New Products, New Services, New Roles, New Skills and New Behaviors are the
need of the hour
New Products, Services & Biz Models in Digital Economy
Source: Internet

4. People & Things work together
Emergence of Hyper Connected World
4
PEOPLE PEOPLE
PEOPLE THINGS
THINGS THINGS
People and
Things are
Teammates

5. Source: Schneider Electric Slide deck
5

6. Emergence of New Projects
Smart
Buildings
Digital
Software
Digital
Plants
Digital
Chairs
Digital
Services
Uberizing
Business
Models

7. Project Management is now a Specialization
Domain
Project Life
Cycle
PM Life Cycle
Leadership
Context Change in Digital
Era?
New Life Cycles in Digital
Era
Behavior Skills in Digital
Era
Area/ Segment
DigitalTechnologyFoundation

8. Example 1: Lean Digital Construction Project Management
Real Time Site COMMUNICATION & COLLABORATION
(Mobile & Social Collaboration Tools)
Real Time INSIGHT & INTELLIGENCE throughout
project life cycle to take right decisions (Mobile, IOT, Analytics)
Enable doing Project Transactions and accessing
information from ANYWHERE & ANYTIME (Mobile)
ELIMINATE EIGHT CONSTRUCTION WASTES &
Enhance Value in Project (LEAN Methods)
Initiating
Planning
Executing
Closing
Monitoring&Controlling

9. © Copy right BT&BT, 2017
Example 2: Agile Project Management for Digital Apps
Iterative & Incremental
• Product Backlog
• Sprint Backlog
• Burndown Chart
• Sprint Planning
• Daily Standup Meeting
• Sprint Review
• Spring Retrospective
Lean Philosophy
• Eliminate Waste
• Amplify Learning
• Decide as Late as possible
• Build integrity
• See the Whole
Visual Control
• Visualize Board
• Pull System of Work
• Work in Process Limits
Agile Culture
• Simplicity
• Communication
• Courage
• Feedback
• Respect (Empower team)
Management Best
Practices
• The Planning Game
• System Metaphor
• On-site Customer
• The 40-hour Week
Digital Technologies
Leverage
• Mobile
• Social
• Analytics
• Cloud
Engineering Best Practices
• Small Releases
• Simple Design
• Continuous Testing
• Refactoring
• Pair Programming
• Collective Code Ownership
• Continuous Integration

10. Thank You
VSR@BTBT.CO.IN
+91 9866893307