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Project Manager : Project Manager Oct Nov 2011
16 Project Manager thought leaders Nigel Dalton-Brown is Managing Director of IPcubed. he has been working in the telecommunication industry since 1986, mostly in europe. In 1996 Nigel created the role of e-marketing manager at Nortel Networks. Nigel presents on the business impact of COINs and is currently a member of the aiGroup’s technology Industry Development Council. across the project management profession, managing subcontractor compliance has been done badly, if at all, simply because it is a time-consuming, costly, dull task. Trying to keep track of tens of thousands of compliance documents for hundreds of subcontractors is an administrative nightmare. What if you could share the costs – both financial and human resources – of managing compliance risk by sharing compliance documents online in one central hub? The problem Currently, multiple project managers are collecting exactly the same certificates from a common pool of subcontractors. The duplication of effort is staggering. If 100 companies distribute five policies to 100 subcontractors and collect 10 certificates from each subcontractor, there is a total of 500 policy documents and 1000 certificates. When we add up all the copies being transmitted across the industry, we get 150,000 separate documents. That means that 99 per cent are unnecessary duplicates. This many-to- many approach is costing the profession millions of dollars in wasted time chasing and storing duplicated certificates. The coin approach Social media and social networks (also referred to as Web 2.0) provide ways people can connect online. We form groups around a particular topic or idea, and connect with others that have a similar interest. These are called Communities of Interest (COIN). COINs can be used to bring project managers and contractors together to share compliance information and documents. Much like LinkedIn or Facebook, each member of the COIN would have their own secure site which hosts their compliance certificates, policies and documents. An important feature would be the ability to choose who can view your documents. Your COINs could include every subcontractor and facility manager you employ – and you don’t want your competitor to see this information. how project managers can mitigate risk using online Communities of Interest (COINs). By Nigel DaltoN-BrowN, MaNagiNg Director, iPcuBeD «Coins Can be used to bring projeCt managers and ContraCtors together to share ComplianCe information and doCuments» coins for compliance
Project Manager Aug Sep 2011
Project Manager Dec Jan 2012