Monday, October 12, 2009

My new Project and my concerns over it

Last year, I was assigned a project which was completed successfully within its time frame. We usally intiate projects and hand them over to the stakeholders. Same happened in this case. Now the project came back to me for the further work. The project is quite huge in nature and it is expected to be legalized by the Govt in few weeks.

It's not that I am incapable of handling it (dont forget that I just got promoted due to my remarkable services :) and if someone still thinks so, he/she' ll be out from the treat), actually my concern is over the financial matters of the Project. Once it legalizes, it would start generating revenues. I usually do projects which some times involves in revenues of of few lacs but they lie within the boundary of my Org where I know everyone (accounts or all that) and I know how to keep an eye on the malpractices and how to handle them. But the current project will be kind of autonomous. It would have its own small accounts section.




At that time, I am being forced to be its Projec Manager. I have done its spadework, so no one is ready to take it (me either). Actually some of its members are completely unknown for me and it would be difficult to handle them because all are executives from reknowned companies. They would surely influence all the matters of the project. I want to take this project but the expected revenues of millions of $ may attract everyone to attack upon. Many SOPs are quite vague and members want them as it is and you can better understand why. I have tried to do my job so far with  complete probity keeping record of each penny Alhamdulillah. I can route things correctly to my extent but what about the other matters which lie under me but will be influenced by others.

My director says authority brings responsibility and I should accept it wholehearted. I am really confused. I want to stay away from such high revenue generating projects which are an easy prey of corruption. As i have not much experience in handling high revenue related projects, I have a feeling that people will do things under my nose and I ll not be able to even understand them. I can understand the accounts matters but the malpractices linked to these are wide and cannot be caught by an innocent person like me :( . I feel that they are forcing me to take the complete responsibility of this project because they know that I am mot much experienced in such matters.

Oh God! i am really confused. I could not even make any sense of what I have written. crap better to shut up!!

Guys do advise me if you understand what my situation is :(

4 comments:

  1. I will never advise you to not take it. Taking this project will broader your horizon and will bring you in contact with people with resources - of money, social contacts and vision.

    What you can do is that you can study other projects, even in your own organization, what do they do to maintain the nitty gritty of events. Ask help from your boss.. wont make you look idiot in fact someone who wants to delve deeper.

    And remember, projects of this nature are not one-off thing. They have a life cycle so you'll get opportunities to build monetary controls in it or o0ther controls for that matter.

    Good luck

    ReplyDelete
  2. And here comes my consultant :)

    it seems bit complicated lala. AND i dont hesitate asking for others' help awein badnaam kiya hua hai mijhay......Yes i am studying, in fact closely observing other projects.

    Actually, two or three persons involved in this project are known for their credit-is-mine-and-mistake-is-yours attitude and they are famous for mishandling funds as well. I am supposed to work under them. They are the most fussy ppl actually.

    As far as the project runs under my Org, i would have no issue inshAllah. But when it becomes independent, then comes the issue of job security as well. You know well, how much needy I am :P hehe "I work for money. If you need loyality, hire a dog", my motto :D

    My boss is stuck on one point "dont accept it until they double your pay". :P

    These fussy ppl would have to obey my Org's rules and regulations while working under it. But after that there ll be their own rules.

    What if i work with this project until it becomes independent?

    ReplyDelete
  3. Postman is right :) take this as an opportunity..you know how to manage this stuff..only the scope differs..
    humari sophi k liye koi bara masla nahin

    ReplyDelete
  4. Ok. gimme a promise first, if in any case, God forbidden, I lost my job, you will adjust me on an Executive Post in your district, Ms DMO!! :P what say?

    ReplyDelete

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