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Project, Program and Portfolio Management
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NASA; NASA Team Unveils Virtual Student Engineering Competition
NASA is going virtual in its latest attempt to excite high school students about engineering and real-life design challenges facing future space explorers. NASA's Langley Research Center in Hampton, Va., and Goddard Space Flight Center in Greenbelt, Md., are collaborating with the National Institute of Aerospace (NIA), also in Hampton; USA TODAY Education in McLean, Va.; and LearniT-TeachiT in Washington; for the upcoming "RealWorld-InWorld Engineering Design Challenge." The competition offers high school students a unique opportunity to work with university students and engineering mentors in a 3-dimensional virtual world to solve authentic NASA-inspired, design-based engineering problems using 21st century technology tools and skills.
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How Davids can take on Goliaths
Public sector clients are currently coming together to form regional collaborative procurement hubs. This idea provides economies of scale and added value to the client for up to four years. However one of the constraints is that these procurement hubs are formed for value of work in excess of £250 million, and tendering organisations must meet a turnover threshold, which is a challenge for the majority of SMEs. There have been some positive responses though. Clients are taking on board the concerns of the SMEs and are allowing contractors to come together and form consortia in applying for these frameworks and be evaluated in the same manner as the big contractors.
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SKOLKOVO, TNK-BP Launch Major Projects Academy
Moscow. OREANDA-NEWS . July 19, 2010. Moscows SKOLKOVO School of Management and TNK-BP have completed the first phase of a new modular education program aimed at creating a centre of excellence on project management within the company the TNK-BP Major Projects Academy, reported the press-centre of TNK-BP.The purpose of the Academy is to bring together leaders from different company departments for a systematic exchange of experiences, knowledge and specific project solutions in order to develop a common TNK-BP approach to project management using the most efficient practices and tools.The program involves both departments managers from TNK-BPs head office and directors of company subsidiaries in different regions of Russia. The list of participants was decided by a thorough multilevel selection process.The training takes place over a period of five months, from July to November 2010. Each phase, the first of which was run on July 49, includes a theoretical section, a discussion of specific projects from TNK-BPs practice and business games in which the participants work through elements of project management. Professors from top international business schools will be involved in the work of the Academy and industry experts will help students to analyze real market situations.During the first phase, for example, TNK-BP leaders attended course on Decision Making by Professor Zeger de Grave and on the Fundamentals of Project Management by Aleksandr Kutuzov. They also discussed benchmarking of major projects in the oil & gas sector with Mary Ellen Yarossi from IPA and met the Deputy General director of the Rosatom State Corporation Petr Schedrovitsky.After dividing into teams during the first few days of the program, the participants defined key areas of organizational change on which their future work would focus.
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MANUFACTURING TECHNOLOGY; Reports from Iran University advance knowledge in manufacturing technology
According to a study from Iran, "Earned value analysis is a project performance method which simultaneously presents both cost and schedule performances. The purpose of this paper is to model the uncertainty associated with activity duration in earned value analysis."
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