Project planning is not an exact science but the ability to control incidents is a key part of the project managers’ responsibility during execution. However as a project manager you are aware that the execution does not always follow the estimated of projected plans leading to; Costing more than budgeted Taking longer than planned Not … Continue reading Tool of the Week: Project progress report
Africa has the potential for real progress. It has natural resources in abundance and a young expanding population. Foreign investment is on the rise. But Africa’s economic growth, among the fastest in the world, is rapidly draining the pool of local managers. These are the very people who are vital for translating opportunities into tangible results, increased competitiveness and a better life for all.
This report by the African Management Initiative – formed by the Association of African Business Schools, the Global Business School Network, the Tony Elumelu Foundation and the Lundin Foundation – draws on interviews with over 50 experts and employers, and dozens of secondary resources, to understand the management gap from an individual and organisational perspective. It maps Africa’s existing education and training landscape and identifies pockets of excellence. It illustrates that the current management development ecosystem is insufficient to meet the requirements of Africa’s buoyant economies, and presents ideas for intervention and recommendations for next steps.
“There is an Africa that you don’t hear about very much… this is the Africa that is changing, the Africa of opportunity, the Africa where people want to take charge of their own destinies.” — Dr. Ngozi Okonjo-Iweala
Africa appears to have reached a turning point. Once dismissed as a hopeless continent beset by war and famine, it is now frequently touted as the next frontier for opportunity and investment. Africa has an abundance of natural wealth and a young and fast-growing population. GDP growth has outpaced many other regions over the last decade, driven in part by rising commodity prices, but also by growing domestic demand and increasingly sophisticated local markets.
If the continent is to capitalise on this potential, it will require managers with vision and competence who possess the personal drive, commercial acumen and technical skills necessary to develop successful and healthy institutions.
While Africa boasts a few excellent schools of management and some good corporate training initiatives, the overall efforts to develop high quality managers are entirely inadequate to meet the opportunities the next few decades will bring. More young Africans are pursuing higher education, but too often, the quality is low.
According to Harvard Business School, project managers are tasked with the responsibilities of producing defined outcomes within an established time-frame using specific allocation of resources. In doing so, the manager needs project management skills which entails the application of knowledge, skills, tools and techniques to project activities to meet project requirements (Project Management Body … Continue reading 5 tips of effective project management
Are you thinking of starting a business, seeking a bank loan to expand or approach some investors to interest them with a big business idea? Then a business plan is your best bet to opening those doors as it acts as the blueprint for your business. Whether it is visualising a roadmap for your … Continue reading Tool of the Week – The business model canvas
Every entrepreneur is confronted with the burning question, what makes a great business plan? When it comes to drafting a great business plan, understanding the main components of a business plan will help you understand if your idea is feasible, and what investors or other outside stakeholders would expect to see in your plan. … Continue reading What makes a great business plan?
Managers get things done through other people, therefore choosing the right people to work with you has to be one of the most important decisions. Even if you are lucky enough to have a good HR person to help you, do not delegate this task entirely. As a manager, you are the one who … Continue reading Tool of the week: Selecting the right people