Indian Institute of Management Indore (IIMI)

Management Development Program on
"Best Practices in International Project Execution"
01 December - 03 December 2004 at IIM Indore

Introduction
There is a $100 billion (Rs.500, 000 crore) market for large Global projects around the world. India's share is virtually Zero!!! Just 1% share will yield Rs.5, 000 crore business. With average net margins in 5 to 8% range that is an earning of Rs.250 to Rs.400 crore of foreign exchange!! This can provide additional employment to 50,000 professionals.

In 2004, ENR (Engineering News Record) published the Top 200 design firms and the Top 200 Construction firms – No Indian Company was listed in either list. In comparison, China has about 20 companies in both lists.

In short, there is a tremendous market out there in which we are not able to participate. One key reason is: We have failed to develop "Global Quality Project Managers". Global mindset is missing and so is the Global brand name. China, Korea, Turkey, and a host of other small countries are way ahead of India.

Objectives
The program aims to equip managers with the concepts and practices of project management in order to help them facilitate execution of international projects. The program emphasizes Business side of Project Management with a view on how to lower risk profile and how to enhance Profitability.

Course Contents

* Learn important factors for project success in a global environment
* Learn critical skills and tool set needed by Global Project Managers
* Learn to execute international projects on time and within budget
* Learn to lead a global project team
* Learn strategies of Joint Venture / Partnering to win contract awards and reduce risk / cost.

Who should attend?
Senior Project Managers with Engineering and Construction firms engaged in or wanting to engage in Global Projects – Buildings, Manufacturing, Industrial, Petroleum, Water, Environmental, Transportation, Power, Telecomm, Chemical, and Mining.

Pedagogy
The program is interactive in nature and will be delivered through a judicious mix of case discussion, lectures and experience sharing between participants. Experts from industry would share their knowledge on various issues related to Project Management.

Duration
Three (3) days (Dec 01-03, 2004)

Venue
IIM Campus, Indore

Registration
Participant should be nominated by his/her organization. Duly filled nomination forms along with a crossed demand draft in favor of Indian Institute of Management Indore, payable at Indore may please be sent to: Programs Officer (MDP), Indian Institute of Management, Rajendra Nagar, Indore – 452012

Fee
Rs. 20,000 (Residential) per participant. The fee covers course-kit, lunch and refreshments. Once registration is accepted, cancellation won't be permitted and no refund request will generally be entertained. Substitution of participants may be considered.

Program Directors
Academic
Nitin Agarwal - PhD (North Carolina State University, USA), MS (University of North Carolina at Chapel Hill, USA) Integrated MTech (IIT, Powai)

Prof. Nitin Agarwal is a faculty in Operations Management Area at the Indian Institute of Management, Indore since its inception. His teaching, research and consulting interests are in the areas of Operations Management, Supply Chain Management and other related areas. He has presented a number of papers on issues related to these areas and is currently working on a research project funded by MHRD.
E-mail: nitin@iimidr.ac.in

Industry
Mr. Arun Singhal -- BS , Mechanical Engineering, 1973, George Washington University, Washington, MS, Engineering Administration, 1975, George Washington University, Washington, MBA, Finance, 1979, University of Kansas, Lawrence.

Mr. Singhal is currently employed with Bechtel Corporation where he was previously assigned to the Dabhol Phase II Combined Cycle Power Project in Maharashtra, India. His twenty plus years of full time industry experience includes extensive experience with infrastructure projects such as nuclear and fossil power plants, industrial LNG seaport, and voice & data telecommunication networks.

Mr. Singhal acquired international project execution experience with global companies such as Bechtel, Lucent, Black & Veatch, and Condotte in many parts of the world including Egypt, Saudi Arabia, Qatar, India, USA, and Argentina. A member of the Project Management Institute, he is a registered Professional Engineer in the State of Virginia and lives in Maryland, USA.
Email: arunksinghal@msn.com
 

For further details please write to:
Sarika Gupta, Programs Officer–MDP
IIM Indore
Email: sarika@iimidr.ac.in/ mdp@iimidr.ac.in

Indian Institute of Management Indore
Pigdambar Rau, District Indore-453 331
Phone : 0731-2399901-09, 2399910 (D), Fax : 2399115
Website : www.iimidr.ac.in

Source : E-mail August 2, 2004

Indian Institute of Management Indore (IIMI)

Management Development Program on
US GAAP v/s Indian GAAP - A Computerised Reconciliation Model
February 2-4, 2005

INTRODUCTION

Today Indian corporate is striving hard towards establishing their identity as global corporate. To do so, the company not only has to have a global perspective but also follow internationally accepted practices. One of the established international practices that an Indian corporate has to follow is recasting its financial statements (prepared as per Indian GAAP) in accordance with U.S. GAAP. Top brass Indian corporate has either recast or is in the process of recasting their financial statements so as to comply with the U.S. GAAP. By doing so, they not only make their operations much more transparent but also march towards globalization.

The New York Stock Exchange (NYSE) and the U.S. Securities and Exchange Commission (SEC) insist that companies listed on the NYSE should prepare their accounts as per U.S. GAAP, i.e. the recommendation of U.S. Financial Accounting Standards Board (FASB) norms. They do not entertain listing of companies following the recommendation of International Accounting Standards Board. The NYSE, being the largest capital market in the world, offers financing opportunities, which are not available elsewhere. Getting listed on the NYSE is a passport to listing on any other stock exchange in the world. A company requires funds for different purposes such as project financing, corporate restructuring, and working capital requirements. Different options available for such funding include Rule 144A offering under the U.S. Securities and Exchange Commission, external commercial borrowings, floating rate bonds, securitisation, strategic sale of equity, Global depository receipts, etc. The accounts reflecting principles of the U.S. GAAP make the prospective investors for such instruments much more comfortable in understanding the financials of the company. It is noteworthy that considering an average rupee depreciation of 5-6%, the cost of borrowing from foreign sources, if negotiated properly, is quite competitive in comparison to cost of funds raised from Indian markets.

In order to have IAS (International Accounting Standard) based accounts adopted by the NYSE, the former needs to be endorsed by the International Organization of Securities Commission (IOSCO). However, the prospects of IOSCO endorsing IAS seem to be bleak because the SEC's consensus is also required for that, SEC being a member of IOSCO. The Indian GAAP is generally in line with IAS GAAP. Now Indian companies, which intend to list themselves on the NYSE, have to reformat as per the U.S. GAAP. Hence whether for cross-border listing or for integration with the global market or strategic sale of equity or more transparency or for other reasons, all giant Indian corporate, with the instinct of emergence on the global scene, sooner or later will go for recasting their accounts in accordance with the U.S. GAAP.

OBJECTIVES

*  To understand the Indian Accounting Standards
*  To understand the International Accounting Standards
*  To understand the US GAAP
*  To develop the computerized reconciliation model
*  To focus on applications in Indian companies
*  To familiarize with the latest issues

CONTENTS

1.  US GAAP V/S Indian GAAP: An Overview
2.  Indian Accounting Standards
3.  International Accounting Standards
4.  US GAAP
5.  Excel Based Reconciliation Model
6.  Applications in Indian Companies
7.  Latest issues
8.  Case Studies

FOR WHOM

Executives from Finance & Accounting Department desirous of understanding US GAAP V/S Indian GAAP - A computerized Reconciliation Model.

Programme Dates and Venue

The programme will be organised at IIM Indore during February 2-4, 2005.
Twin Sharing accommodation shall be provided to the residential participants from February 1, 2005
evening to February 4, 2005 evening.

Fee

Rs.12,000/- (Residential) per participant. The fee includes stationery, course material, board and lodging.

Registration

Participants are nominated by their organisation. The last date for receiving nomination is
January 24, 2005 . Duly filled nomination forms along with crossed demand draft in favour of
Indian Institute of Management Indore, payable at Indore may be please be sent to :
Programme Officer- MDP, Indian Institute of Management Indore, Pigdamber, Rau, Indore-453331, M.P.

PROGRAMME DIRECTOR

V. K. Gupta, M.A.; M. Com; Ph.D. (Agra)
Prof. V. K. Gupta is Faculty of Accounting and Finance Area. He has been teaching post-graduate programme, executive post-graduate programme, management development programmes, faculty development programme and professional management courses for over 12 years. He has been a visiting faculty at IIITM, IIML etc. He is presently a member of Auditing and Assurance Standards Board, The Institute of Chartered Accountants of India, New Delhi. He has edited two books in the area of Finance and published numerous articles in leading journals besides presenting papers at conferences in India and abroad. He received the "Best Paper Award" at the XIX All India Accounting Conference. He has conducted several consulting projects and training workshops in India and Abroad for public and private sectors. He is also involved in the research projects of Government of India. His research interests include International Accounting and International Finance.
E-mail: vkgupta@iimidr.ac.in

The Institute

Established in the year 1997 by the Government of India with the support of Government of Madhya Pradesh, IIM Indore is the latest in the family of IIMs. During this short span of time, we have developed and have been offering since 1998 a highly successful two-year Post Graduate Programme in Management (PGP). We are also offering an 18 month Executive Post Graduate Programme in Management Programme (EPGP), short duration Management Development Programmes (MDPs) and In-company Programmes. Research, consultancy and international conferences are the other major activities at the IIM Indore.

The institute has shifted to the new campus in June 2004. The campus is located very scenically on a hilltop at the outskirts of the city of Indore. The vast expanse of open green, on a plateau rising above mean sea level at 617 metres. State-of-the-art infrastructure and facilities are available here. Multi-media equipped air-conditioned class rooms, 2mbps Internet leased line, computer labs, hostels for boys and girls, sports facilities, library bloc, multi-purpose auditorium, and management development center for MDP participants are housed on this campus.

The architecture style of buildings is a wonderful combination of ethnic and modern, fully sensitive to environment as well as to physically challenged individuals.
 

For further details please write to:
Programmes Officer-MDP
Indian Institute of Management Indore
Pigdambar, Rau, Indore-453331, M.P., India
Tel: + 91-731-2399101-9 ext. 351 / 2399110 (D)
Fax: + 91-731-2399115 / 2399110 (D)
E-mail: mdp@iimidr.ac.in
Website: http://www.iimidr.ac.in/iim/pages/programmes/mdpCalender.jsp
 

Source : E-mail December 31, 2004

Indian Institute of Management, Indore (IIMI)
Management Development Programmes 2005-06
 

No.

Name of the Program

Faculty

Dates

Venue

1

Foreign Exchange & Risk Management

Prof. Justin Paul

Apr 8-9, 2005

IIM Indore

2

Strategic Brand Management

Prof. Ashish Sadh

Feb 08-10, 2006

IIM Indore

3

Bank Mergers and Acquisitions (BM&A)

Prof. S. P. Parashar,
Prof. P. K. Singh &
Prof. Justin Paul

July 07-09, 2005

IIM Indore

4

Advanced Selling Systems

Prof. Ashish Sadh &
Prof. Rajagopal

July 12-14, 2005

IIM Indore

5

Commodity Derivatives - A Management Perspective

Prof. Justin Paul &
Mr. Ramesh Dorairaj
(AVP - Training, MCX)

July 18-19, 2005

IIM Indore

6

E-commerce for SMEs

Prof. P. Banerjee

Aug 02-04, 2005

IIM Indore

7

Basel II - Integrated Risk Management for Financial Institutions

Prof. S.P. Parashar

Aug 12-13, 2005

IIM Indore

8

Financial and Commodity Derivatives - Structure, Pricing & Applications **

Prof. B. Hariprasad

Aug 29-Sept 3, 2005

Mumbai

9

Project Appraisal and Financing

Prof. M. Anand &
Prof. V. K. Gupta

Sept 5-8, 2005

IIM Indore

10

Managing Managerial Performance

Prof. V. K. Gupta &
Prof. S. P. Parashar

Sept 12-15, 2005

IIM Indore

11

Skills for Training Managers

Prof. P. K. Singh

Sept 19-23, 2005

IIM Indore

12

Computer-Aided Finance for Non-Finance Executives

Prof. M. Anand &
Prof. V. K. Gupta

Sept 19-23, 2005

IIM Indore

13

Export Import Management

Prof. Justin Paul

Oct 03-04 , 2005

IIM Indore

14

Excellence in Service and Manufacturing Operations Through Lean Principles

Prof. Venkataramanaiah

Oct 26-28, 2005

IIM Indore

15

Developing Positive Work Culture

Prof. P. K. Singh

Nov 7-11, 2005

IIM Indore

16

Taking Smart Decisions through Intelligent Data Analysis

Prof. P. P. Yadav &
Prof. S. Dey

Nov 28-30, 2005

IIM Indore

17

Changing the Managerial Mindset from Operational to Strategic in the Globalization Context

Prof. A. Sikdar &
Prof. S. Mitra

Dec 01-03, 2005

IIM Indore

18

Project Management

Prof. Nitin Agarwal & Mr. Arun Singhal (Bechtel, USA)

Dec 6-8, 2005

IIM Indore

19

Credit Risk Measurement and Modeling For Banks & Financial Institutions

Prof. S. P. Parashar

Dec 12-14, 2005

IIM Indore

20

Communication Skills for Managerial Success

Prof. A. Chatterjee

Dec 14-16, 2005

IIM Indore

21

Value Added Services Marketing

Prof. Ashish Sadh

Jan 11-13, 2006

IIM Indore

22

Logistics and Supply Chain Management

Prof. Nitin Agarwal

Feb 13-15, 2006

IIM Indore

** Non - Residential Programme to be held in Mumbai.
Rest all programmes are Residential to be held at IIM Indore.

For Further details please contact:
Ms. Sarika Gupta, Programmes Officer - MDP
Indian Institute of Management Indore
Tel: +91-731-2399110 (D) / 2399101-09 ext. 351, Fax: +91-731-2399115/ 2399110 (D)
E-mail: mdp@iimidr.ac.in  Website: www.iimidr.ac.in
 

Source: Internet IIM Indore website