Project Management In Automotive Sector

The project entitled ‘Project Management in Automotive Sector’ deals with the study of current management practices used in this sector. This includes the study of all the processes, methods and challenges faced by an automotive company. This study aims at finding the gap between the current management practices used and the global management standards.

Our project is being carried out by a team of three members and each one is working on one of the three departments, namely, procurement department, NPI (New Product Introduction) department and Design department of the automotive sector. As a member of this project, I am currently working on the procurement department of the automotive sector. The deliverables of the project are reports made

Some of the firms made an integrated MBA with colleges towards specific need of consultants.

4. Nature of projects: Moving towards high end strategy consulting:

Indian companies need a high end strategy consulting services. Due to increased competition and globalization, many Indian companies are using management consulting services with high end strategies which includes reducing cost, implementing new market strategies and building relationship with customers.

5. Public Sector:

Management consulting has entered into public sector as central and state governments have realized the importance of management consulting. The governments has identified the importance of data and analytical driven approach to solve complex problems and farming policies at the macroeconomic level. For example, Gujarat state government has given work of market assessment of Rs. 78,000 cr. Gujarat International Finance Tec-City (GIFT) to a top tier management consulting firm.

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Major challenges faced by Management consultancy firms in

It is important to see where the problems seem to lie and where companies are willing to spend their money. Threat of new entrants could be high if they come up with better services and solutions.

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4. Threat of substitutes:

• Companies, knowledge and competence are the substitute products in the management consultancy industry. The threat of substitutes will be high if the consultancies are not up to date and always a step ahead of companies.

• Consultancies must be more specialized focused as well as broad enough to cover areas that can potentially foster business for the consultancy. They must have the right knowledge and competence to be a little broader but at the same time very specific.

• Management consulting firms must be up to date and always be a step ahead of companies so that they do not lose their purpose for these companies.

5. Rivalry among existing players:

• The management consultancies fringe in on each others’ areas of expertise but not enough to seem like a serious threat to their specific area.

• There might be some tension among the consulting firms if the economic development is slow. The different management consultancies have to fight to recruit the right talent to their