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8/8/2019 NOCET 2010
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This is the Art of Strategy Execution.It is the most important skill in the
Nation.In Situation of Life and death,
It is the Way of Survival or Extinction
- Sun Tzu The Art of War
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OUR TEAM FROM
RIO BANGALORE
Angel,Bala & Garima
FASTER PROJECT EXECUTION: NEWAPPROACHES FOR THE FUTURE
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BASIC FRAMEWORK
WHAT IS PROJECT EXECUTION
wHY FASTER PROJECT EXECUTION??
hOW?? ROADMAP FOR FASTER PROJECTEXECUTION.
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WHAT IS PROJECTEXECUTION??
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An Art and Science ofgetting things done
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Why Faster ProjectExecution???
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TIME gained =MONEYgained
RETURN ON INVESTMENT
COSTS
HOLDS UP CAPACITY
TIMEMONEY
=
http://3.bp.blogspot.com/_ozYwZE-OdHg/SkfTd7pqETI/AAAAAAAAAjU/kbbzUvKquhQ/s400/pt-golden-record-wall-clock.jpghttp://3.bp.blogspot.com/_ozYwZE-OdHg/SkfTd7pqETI/AAAAAAAAAjU/kbbzUvKquhQ/s400/pt-golden-record-wall-clock.jpghttp://techdev.cc.depaul.edu/wordpress/wp-content/uploads/2008/11/time-flies.gif8/8/2019 NOCET 2010
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The truth of the matter is that
you always know the right thingto do. The hard part is doing it.-General H. Norman Schwarzkopf
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Doing it- the Harder Part: ARoadmap..
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IEEMODEL
INTEGRATED EXECUTIONEXCELLENCE MODEL
EXECUTION
INTEG
RATED
EXCEL
LENCE
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INTEGRATED EXECUTION EXCELLENCE MODEL
INTEGRATED
UNIQUEEXECUTIONCAPABILITY
DEVELOPFOR ALL
ENHANCEDPERFORMANCE ATINDIVIDUALLEVEL
WHENINTERGRATED- FASTER ATCOMPANYLEVEL!!
PROCESSES
+
MEASURE &
SURPASS
+
EXECUTION
OPERATIONSPROCESS
FAST TRACKPROJECTMODEL
EXCELLENCE
EXCELLENCE SUCCEED TODAY+ EXCEL
TOMORROW
MEASUREPERFORMANCE
BALANCEDSCORECARD
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In an organization, thehardware (Strategy &
Structure) is inert without the
PEOPLE FOCUS!
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To be committed or merely to be
http://businessexecutionexcellence.blogspot.com/2008/05/to-committed-or-merely-to-be-involved.htmlhttp://businessexecutionexcellence.blogspot.com/2008/05/to-committed-or-merely-to-be-involved.html8/8/2019 NOCET 2010
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xQ not only IQ..
EXECUTION QUOTIENT (xQ) = fn (BUSINESS ALIGNMENT + PEOPLE PERFORMAN
NOT AN INBORN QUALITY
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NTPCLimited
NTPCLimitedPurpose and Instructions :This questionnaire is designed to get a sample of Execution Potential of NTPC employees. The items on the questionnaire reflect criticalperformance factors. Most performance problems in organizations stem from failure to effectively manage these factors well within thedesired time frame which is the biggest impediment in FASTER PROJECT EXECUTION.Please carefully read each item and its definition. First rate whether each item is important, considering current coporate strategy of NTPC Ltd. Then for the important items, rate the % Achieved for your workgroup in NTPC Ltd.
RATING SCALE DEFINITIONS RATING SCALE DEFINITIONS
% Achieved NTPC Ltd./ Your Department Importance Given NTPC'sobjectives, this itemis:
100% Exceeds benchmarks IMPORTANT
75% Performs Well
50% Is Average
25% Performs Poorly NOT IMPORTANT
0% Fails to Perform
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NTPCLimited
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NTPCLimited
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AVERAGE RATING RANGE-70-74%
http://images.clipartof.com/small/19908-Clipart-Illustration-Of-Five-Blue-Men-Standing-On-A-Red-And-Whit.jpghttp://images.clipartof.com/small/19908-Clipart-Illustration-Of-Five-Blue-Men-Standing-On-A-Red-And-Whit.jpghttp://images.clipartof.com/small/19908-Clipart-Illustration-Of-Five-Blue-Men-Standing-On-A-Red-And-Whit.jpghttp://images.clipartof.com/small/19908-Clipart-Illustration-Of-Five-Blue-Men-Standing-On-A-Red-And-Whit.jpg8/8/2019 NOCET 2010
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RAISING xQ in NTPC-SUGGESTIONS.. Strategy alignment: Communication Flow in
NTPC.
Set clear, measurable, deadline drivengoalsEmpower Employees-Motivate, Train
Reward to doers.
+
xQOPLE PERFORMANCESTRATEGY ALIGNMENT FASTER EXECUTION!!
http://images.clipartof.com/small/19908-Clipart-Illustration-Of-Five-Blue-Men-Standing-On-A-Red-And-Whit.jpg8/8/2019 NOCET 2010
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EXECUTION
THE PROCESS PART.
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Project Execution Approach
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Traditional Approach
Owner
Pre-
ProjectReport
LOA
Bidding
Prelimin
ary Engg
Feasibil
ityStudy
LOA
Data
fromSupplier
EnggBiddi
ng
Select
Sub-Supplier
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Fast Track Approach
Owner
ProjectExecution
SupplierSelection
Suppli
er
DetailedEngg
DPRProjectTeam
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Criteria For Supplier Selection
Access To Latest Technology
Experience of Executing SimilarProjects
Design & Manufacturing Capabilities
Dedicated Sub-Suppliers for Auxiliaries
Necessary Financial Capabilities
Project Management Infrastructure
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MODEL..Advantages
Fas
ter
Project
Exec
ution
Enhanced
companiesbrandimage
Motivate
s
employees
Fast
er
finan
cial
retur
ns
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Real World Examples..
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EXCELLENCE
MEASURE PERFORMANCE AT EVERY LEVEL
AND OUTPERFORM FOR EXCELLENCEIN FUTURE!!
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PERFORMANCE MEASUREMENT ATEVERY STAGE
IDENTIFIES EXECUTION GAPS
IMPLEMENT IMPROVEMENT INITIATIVES
ENSURES FASTER EXECUTION SUCCESSTODAY AND SETS LEVELS FOREXCELLENCE TOMORROW!!
.
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BALANCED SCORE CARD
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How??????
BSC aligns the
skills,energies&capabilitiesof people & processes
towards faster execution!!
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BALANCED SCORE CARD FLOW
MISSION AND STRATEGY
INTEGARATED EXECUTION
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INTEGARATED EXECUTIONEXCELLENCE MODEL(IEE
MODEL)FASTER PROJECT EXECUTIONMODEL FOR NTPC LIMITED
BSCFTPMxQ FOCUS
INTEGRATED
EXCELLENCE
EXECUTION
FASTERPROJECT
EXECUTION!!
IEEAPPROACH
PATH SUGGESTED FOR NTPC
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INTEGRATED
EXECUTION EXCELLENCE
RESULT
X POTENTIALNOT REACHED
X NOTCOMPETITIVE
ENOUGH
X SHORT TERMSUCCESS
ST TRACK PROJECT MODEL + BALANCED SCORECARDFASTER PROJEC
EXECUTION!!
A BALANCING ACT!!
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THANK
YOUIf you dont have the time to do it right, when will you have the time to do itover --John Wooden
ACKNOWLEDGEMENT:-ALL COLLEAGUES AT RIO BANGALORE
-SHRI A D SRIVASTAVA FOR BEING OUR MENTOR
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