NIM's Transitioning: Impact on Faculty and Policies

Faculty's Attitude towards New Policies

A1. The previous method favoured one-on-one instruction as a means of attaining the bare minimum of burden. The dean made it clear that the primary duty lies with teaching and that it will remain thus. The previous approach solely encouraged one method of generating income for the organisation. So long as you pay your student fees. For the time being, efforts to diversify revenue 
streams had not paid off for NIM, a self-financed management school. It took the advisory committee longer than intended to develop a revised faculty assessment and work measurement methodology.

Until then, there was much buzz about the upcoming changes. Even though changes were brought in, the gap cannot be diluted by just new policies. Earlier, the professors surpassed the expectation by just teaching and did not have any issues with the older system If the new policies were adopted, there would be a uniform set of processes and policies across all NIM operational units in India. The NIM (CI campus) director and his deputy were happy with the new modifications since they resulted from numerous policies and practices they had recommended.

The faculty, on the other hand, had a conflicted attitude. While the rise in monetary reward from INR1,200 to INR2,000 was warmly received, there was much dispute over the classification of the journals themselves. Previously, most professors could meet (and often exceeded) the minimal workload requirements simply by lecturing. The institution had hoped for a broader range of endeavours in the future. Many questioned whether or not the new policy dealt with the issue. The self-evaluation of the previous year's work plan, which identified deviations and their causes, was an essential part of the new strategy.

At the beginning of the year, each faculty member was required to present a comprehensive work plan against which the year's successes were to be evaluated. There was no communication between the faculty member and the evaluation committee during this self-appraisal method. One of the highest-rated professors mentioned that feedback was indeed a critical component. Most professors were of similar rank hence they lacked hierarchy as well, therefore no communication was laid down as all the professors were responsible of accumulating their own knowledge in the Institute.

To conclude this statement I feel that since professional education sector hasn’t been streamlined yet like other industries where lot of technology is used and systems are put in place and hence NIM’s transitioning was devoid of any proper plan. The Faculty members too were educators and had not been exposed to a strategic way of educating hence they clearly did well by just doing what they do best and that is giving lectures.

Technology and Professional Education Sector

A2 Faculty must be aware of the influences affecting higher education and the present condition of Institute programmes. We saw how the convergence of financial and technological factors had altered the higher education landscape. We look at shifting student demographics, student debt levels, declining government assistance, and charitable limits from economic forces.

According to my findings, postsecondary education's long-term financial model is currently severely stretched. Technology pressures include outsourcing and automation of financial reporting employment and a widening skill sets gap in the broader labour market and the educational profession. Academic research and publication have been revolutionized by technological developments, which have also been incorporated into traditional teaching methods. However, they have not made radical changes to what we instruct (curriculum) or educate (pedagogy) yet; expected investment models may also make these changes. We show how institutions have responded in the past and explore the value of long-term planning.

In This particular case, most professors could meet or even exceed the minimal workload requirement by lecturing. Members used to have a teaching load of at least six-course equivalents, and they were allowed to do so only by teaching. Similarly, faculty members had to meet with the assessment committee to review their performance in the prior system. Any evaluation system relies heavily on feedback—one of the new policy's five main outcomes is research, publishing, and case writing.

As a result of this revision, the equivalent labour units for research and publication activities have been recalculated. Except for a very wide classification of articles into domestic reviewed, internationally reviewed, national non-reviewed and international non-reviewed, the new strategy contained new policies for national and international reviewed journals, Creating a streamlined system in place. A proposition was laid out to put journals into categories.

Some current protocols that induced a positive outlook were.

•Compare your results against those of the best Indian business schools (such as the Indian Institute of Management, Ahmedabad) (IIMA).

•Use the journal's "impact factor" to sort your categories.

•Utilize journal classification popular ranking systems like www.journal-ranking.com use.

•Incorporate ICFAI's classification, a business school in India with a long history of case-writing based on public sources. The ECCH (European Case Clearing House) handled the majority of the organization's cases.

To say the least bringing in new policies are good for any organization but for an institute imparting professional education one has to understand that the professors want to impart training and best practices and that they are very less likely to look at monetary exemplariness than focusing on the students, therefor to incorporate any change there has to be a committee set in accordance with all th professors and clearly specify to all of them what is the intent of change. Doing so not only there will be participation from all group member’s but all the faculty would get together towards a positive change for the institute.

Recalculation of Equivalent Labour Units

A3 I strongly propose the Project Management Body of Knowledge (PMBOK) framework. Project management includes methods, best practices, terminology, and principles widely acknowledged as industry standards. As a helpful tool for organisations, the PMBOK Guide is widely used to standardise procedures across diverse departments, customise processes to meet individual demands, and avoid project failures. Project management best practices are integrated into the PMBOK framework, which is not a methodology per se. It is typically linked to waterfall methodology, which follows a sequential approach to project stages, although it is also compatible with more modern approaches like Agile.

The PMI recommends not one methodology since the PMBOK procedures may be adapted to meet many project management scenarios. Managers decide which processes are best for their organisations, teams, and projects. One must know PMBOK to manage a project since it encompasses all of the entities that are relevant to any project in ten different knowledge areas:

•Integrating management: Integrating management is aboutestablishing the implementation plan, the product scope,and the strategy formanaging, directing, monitoring and controlling projectchange.

•Planned, defined, WBS development, validation, andmanagement are all part of regulating scale.

•Coordination and bringing everything together is what integration is all about?

Managing the scope of the project means figuring out exactly what needs to be done and when. Creating a project plan with specific goals in mind. Work Breakdown Structure Development (WBS) Time Management Activities Definition Sequencing
Estimating Durations Work Breakdown Structure Development Budgeting and controlling expenses throughout a project's life cycle are all aspects of cost management.

Management of Quality - creating a quality strategy, building quality assurance methods and monitoring the quality of all project outputs

Identifying project stakeholders, building a project team and motivating the team

Communication’s Management  - distributing information appropriately and to the relevant stakeholders, performance reporting, managing stakeholders

Risk management includes identifying risks,analysing them qualitatively and quantitatively, developing responses, and keeping an eye on and controlling them.

Planning purchases and acquisitions, negotiating, selecting vendors, managing contracts, Furthermore, concluding projects are all aspects of procurement management.

•Interactions Between the Major Process Groups

•Initiating – approving the project or phase

•Preparation: establishing goals, refining them,and determining a plan of action

•The act of carrying out something once it has been planned and approved

•Monitoring and Control - detecting and managing deviations and taking remedial action

Formal acceptance and conclusion of a phase or a project in an orderly manner are achieved by closing.One approach to summarise what has been written here is through the PMBOK® Guide definition of project management:

Using skills, tools, and procedures to complete projects on time and within budget. For project managers, the PMBOK® Guide provides an excellent basis for project planning and implementation. It is not a how-to guide, that is for sure. It is more of was this considered ? kind of thing.

Projects come In various shapes and sizes, as well as in all levels of complexity. A single resource cannot serve an organisation or a project team. To help with plan creation, the PMBOK® Guide includes a detailed checklist that focuses on the systems approach to managing Project Management. The entire endeavour is interconnected, interrelated, and interdependent in some way. The inputs, tools and techniques, and outputs serve as the foundation for planning and may help bring the project planning process to life. The project manager is the key to making the PMBOK® Guide come to life. Maintaining excitement for the project, showing leadership continuously, encouraging the team, knowing the value and how to utilise the tool, and having a little common sense are the key elements.