The Chronicles
Monthly Newsletter of NICMAR University Pune
Nurturing Ideas and Shaping the Built Environment of Tomorrow!!
May 2025, Volume 3, No. 5
A crucial part of the development of project management as a discipline has been the way
of
thinking about project success. Normally project success is measured in terms of
- Iron triangle (Time, cost & quality) this means project outcome
- Process outcome (Quality of project management process employed)
But very often both these criteria work in contradiction. That is where issues of
project governance
and ethics comes into picture.
We are aware of widely recognised concept in project management – a concept of critical
path.
Traditionally project management has always focused on the quality of project outcome,
and its
time and cost. However, recent research trends in project management suggest that many
researchers have focused a great deal on determining the alternative concept of critical
paths in
terms of good communication, good leadership and good understanding of how people think,
behave, collaborate, and operate over the project. Issues like ESG (Environment. Social
&
Governance), emotions in projects and sustainable project management have gained
attention
nowadays. Hence, the time has come for the profession to see beyond the technical
requirements
of project and take a look at wider world of environmental, psychological and social
realities.
The project ethics codes followed and promoted by The International Project Management
Association (IPMA), The UK Association for Project Management (APM) and The Project
Management Institute (PMI) attempt to answer following questions:
- Do project leaders truly measure the project success only in terms of
time, cost, & quality, or
do they also consider stakeholders’ welfare, in particular the non-business
stakeholders?
- Do project leaders consider ethical factors in their projects and do they
conduct ethical risk
assessment?
- Is there a way to describe a simple framework that guides project leaders
in evaluating ethical
aspects of their projects and account for possible ethical risk?
We attempt to answer these questions at School of Project Management by offering very
latest
and cotemporary topics like sustainability, ESG, ethics & professionalism in project
management as
a part of the curriculum of MBA APM. The aim is not just to build project management
capabilities
of students but also to sensitise them with environmental and social issues.
School of Project Management
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Following management development programs (MDP) was organized by the School of Executive Education Programmes, NICMAR University, Pune in April:
Executive Post Graduate Diploma
in Advanced Construction
Management
(E-PGD-ACM)
Adani Airports
Holdings Limited
(Module 2)
20th to 26th April 2025
25 Participants
AGNI Steering Committee Election
The election for the AGNI Steering Committee was successfully conducted this year. The Association of Global NICMARians (AGNI) Steering Committee, comprising 21 members, has now been formally constituted as- 6 members from NICMAR University, 6 members from the AGNI Founding Team, 9 members elected from the alumni network. Dr. Anil Kashyap, Chief Patron of AGNI, extends his heartfelt congratulations to all AGNI members on achieving this significant milestone.
ASPIRE 2.0 – Global Alumni Meet 2025
On 5th April 2025, ASPIRE 2.0 was organized in collaboration with the Association of Global NICMARians (AGNI). The event brought together a vibrant gathering of alumni and industry experts. It was a memorable day filled with reunions, reconnections, and new beginnings. Our alumni felt truly special to return to their alma mater and strengthen their lifelong NICMAR bond.
International Study Tour – UAE
As part of the Global Immersion Program, 16 MBA students specializing in Advanced Project Management at NICMAR University, Pune, participated in an International Study Tour to the United Arab Emirates (UAE) from March 11 to March 16, 2025. This program offered students a valuable opportunity to explore international business practices, innovative project management techniques, and advancements within various industries through a combination of academic sessions, industry visits, and cultural experiences. The tour was designed to bridge the gap between theoretical learning and practical application in the fields of real estate, infrastructure, and project management on a global scale. Students attended an academic session at the Rochester Institute of Technology in Dubai, where they focused on global project management strategies. Additionally, industry visits to prominent firms in the real estate sector, such as Fakhruddin Developers, and in the construction sector, including ACE Cranes, provided meaningful insights into project execution in the UAE. These visits particularly highlighted sustainable development in real estate as well as logistics and supply chain management. Participants were engaged in interactive discussions, hands-on experiences, and professional networking opportunities, empowering them with a global perspective on project management
Exploring Sustainability at Tamini Ghat
As part of curriculum, students from the MBA and FBE programs embarked on an insightful field visit to Tamini Ghat on 9th April 2025. The experiential learning trip offered a real-world perspective on crucial topics such as water and forest resource management, soil and agriculture practices, and the effects of residential and industrial development. Students closely observed how human interventions impact the natural ecosystem, gaining valuable insights into the balance between progress and environmental preservation. This immersive experience is a vital step in nurturing socially and ecologically responsible future managers.
Learning Beyond Classrooms
On 14th April 2025, IMBA students from NBS undertook an enriching field visit to Alibaug, diving deep into real-world scenarios of environmental and resource management. The visit offered a close look at forest ecosystems, agricultural practices, land use patterns, and the environmental implications of human activities. By stepping outside the classroom, students engaged directly with the challenges and opportunities of sustainable development. The trip sparked meaningful discussions and reflections, reinforcing the importance of environmental responsibility in managerial decision-making.
International Media Expo Visit
MBA students visited the prestigious International Media Exhibition at the Bombay Exhibition Center, Goregaon, Mumbai on 12th of April. Renowned for spotlighting cutting-edge trends in media, advertising, and digital communications, the expo offered students a firsthand view of innovations shaping the industry’s future. Through interactions with professionals, live demonstrations, and exploration of diverse exhibits—from digital signage to sustainable branding —the visit deepened their industry awareness. This experiential learning initiative underscores NICMAR Business School’s dedication to cultivating future-ready leaders equipped for evolving global markets.
C4i4 Lab Visit
On 3rd April 2025, MBA students visited the C4i4 Lab (Centre for Industry 4.0), set up by the Department of Heavy Industries, Government of India, under the SAMARTH Udyog initiative. The visit offered students hands-on training with cutting-edge Industry 4.0 technologies, including smart manufacturing tools and digital transformation systems. Engaging directly with these innovations, students gained practical insights into the future of industrial processes. This immersive experience greatly enhanced their technical understanding and prepared them for the evolving demands of modern industry.
TECHNIKALA 2025 – Where Ocean of Exploration Awaits
NICMAR University proudly hosted its annual intercollegiate extravaganza, Technikala 2025, from 6th March to 8th March 2025. The event aimed to provide a dynamic platform for students from various colleges to exhibit their talents across academics, cultural performances, and creative arts. With a strong focus on holistic development beyond academics, Technikala 2025 sought to create an energetic and immersive experience, fostering a spirit of enthusiasm, innovation, and collaboration among participants.
At NICMAR University, Pune, our commitment to diverse placement opportunities is exemplified by our month-on-month placement milestones. In April 2024 at NICMAR University we witnessed a plethora of opportunities for our students both for Final Placements as well as Internships. Organizations like POLARIS INTERNATIONAL, SHALIMAR CORP, SYSTRA, TATA REALTY, MADHURI ENGINEERS, KEOLIS INDIA, BADIYANI CONSTRUCTIONS, AGRIVIJAY, KRYTON, CORE ENERGY SYSTEMS etc were the notable participants this month. We extend our heartfelt thanks to our esteemed recruiters for their ongoing trust and support.
Chief Patron
Dr. Anil Kashyap
President and Chancellor,
NICMAR University,
Pune
Patron
Dr. Mrs. Sushma S. Kulkarni
Vice Chancellor, NICMAR University, Pune
Advisor
Dr. Rahul Deshpande
Dean QA, NICMAR University, Pune
Editor
Dr. Vandana Bhavsar
Associate Professor, NICMAR University, Pune
Editor
Dr. Soumi Rai
Associate Professor, NICMAR University, Pune
Assistant Editor
Dr. Shripada Patil
Assistant Professor, NICMAR University, Pune
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