Project Management in for a Steel Project...

Project Management in for a Steel Project Project consists of a group of tasks, performed in a definable time period, in order to meet a specific set of objectives. It is a temporary activity. It is a one-time program hence different from operations where tasks are repeated in a routine way. Every project has a life cycle, with a specific start and end. The work scope of a project can be categorized into definable tasks. Project has a budget within which it is required to be completed. During the execution of the project, there is likely requirement of multiple resources. Many of these resources can be scarce and may have to be shared with others. Steel project like any other project has a life cycle (Fig 1) which includes (i) initiation, (ii) planning, (iii) execution, (iv) monitoring and control, (v) commissioning and handing over, and (vi) closing of the project activities. Fig 1 Project life cycle Steel project has four components namely (i) performance, (ii) cost, (iii) time, and (iv) scope. All these four components are interrelated and dependent on each other. Performance is the quality of the work being done. Cost is the expenditure made on the project work and is directly related to the human and physical resources applied. Time is the schedule which is required to be met for completing the work. Scope is the magnitude of the work to be performed. One of the key ingredients for successful project management in a steel project is having the right people on the job and managing them appropriately. Both of the two elements ‘having the right people’ and ‘managing people appropriately’ are important for the project success. However, in practice both conditions are frequently violated. There are several groups of activities in...

Digitization Process

Digitization Process The information contained in traditional print materials such as important records, minutes of important meetings, original drawings, and other similar documents cannot be preserved for a very long time due to several reasons. As the time pass by, the information contained in these materials fades out, the medium becomes brittle and finally the document becomes unusable. These documents can be lost forever unless there are alternative arrangements for recapturing and reproducing them. Fortunately, technological advances have provided suitable alternatives for the preservation of such valuable documents. Digitization process is of crucial importance for data processing, storage and transmission, because it “allows information of all kinds in all formats to be carried with the same efficiency and also intermingled”. Unlike analog data, which typically suffers some loss of quality each time it is copied or transmitted, digital data can, in theory, be propagated indefinitely with absolutely no degradation. This is why it is a favoured way of preserving information in an organization in the present day environment. Digitization process in an organization deals with strategies, methods and tools used to capture, manage, store, preserve, and deliver content and documents related to organizational processes. It deals with tools and strategies which streamlines the unstructured information of the organization. Digitization is the process of converting information into a digital format. In this format, information is organized into discrete units of data (called bits) that can be separately addressed (usually in multiple-bit groups called bytes). This is the binary data that computers and many devices with computing capacity can process. Text and images can also be digitized.  Similarly digitization of audio and video presentations is also possible. Digitization process is also known as imaging or scanning and is the means of converting hard-copy, or non-digital, records into digital...