
Live projects are basically to generate employment competencies in Management students and provide industry insight and hands- on experience about industries. To make management program more interesting, realistic and relevant to the industry, most of the management college in our country now give exposure of live projects to its students so they can get practical and industry exposure and make them professional ready. The MBA and PGDM students who do live projects during their management program are much likely to get offers of internship offers, placement or pre-placement offer before they accomplish their management programs. Classroom assignments or projects only focus on monopoly concepts whereas live projects are an opportunity to amalgamate knowledge across various domains and functions. Offering live projects has become trend setter for the topmost MBA and PGDM colleges. Live Projects also play a great role in assisting real time management program to the students. During Live projects, students get an opportunity to meet industry expertise and interact with them about their projects. In some reputed institutions considers live project as a part of management curriculum. This is very relevant phenomena as it helps the students during their summer internship and placement. Probability of getting job after competing live projects are very high due to practical exposure of corporate and industries. Management students get an opportunity to experience real time and develop their decision-making skills, working under corporate pressure and culture and of course these types of projects play an important role in crafting management students into visionary and successful leaders. Apart from that these types of projects believe in enriching communication skills, logical and analytical thinking.
The important questions arise How to get a live project in PGDM/ MBA?
There are no such guidelines cross management colleges on how to get a live project in PGDM/MBA. Mostly depends on the type of live projects. Research-based live projects are open to all students whosoever is interested. But there are projects which require set of competencies and skills. In this case organizations select students on the basis of their skills, knowledge and competencies. An organization even take care of academic records of students and allocate projects who suitable in. After understanding student’s aspirations and interest domains, the team from Training and Placement at JIMS, Kalkaji approaches various corporates for live projects for their students. Every company has their own selection process either online or offline. Students are encouraged to sit in the selection process and on the basis of their competencies, companies offer live projects. The duration of live projects varies from companies to companies. Some companies offer live projects work from home or in the office. Most of the times duration of live projects are two -four week, some good companies like HUL offer more than four weeks live projects. Especially, if students are performing good companies can increase tenure up to one year and there is no such limit of live projects during the two-year management program. Successful completion of live projects and quality feedback on student’s performance during live projects strengthen the relationship between colleges and corporates. There are various portals which provides live project for PGDM and MBA students like Intern Shala, LinkedIn, InsideIIM , Dare2compete etc.
At last, we can say that live projects are of great importance for the students in developing their competencies, skills and knowledge. These types of projects establish great relationship between fresh mind management students and corporate and students who get exposure of classroom and industry exposure both. Live projects assist in building special professional relationship between management colleges corporate to fulfill each other’s professional needs. The followings benefits from live projects
- It makes aware students with the corporate vision and the working culture of company
- Live projects provide fresh kick-start to management students to enhance the competencies of the management students
- After completion of live projects, students develop their positive attitude and confidence.
- To make aware the student with company values and Ethics
- Students will able to learn how to work in a team.
- Live projects provide exposure the best corporate practices
- To develop transformational leadership qualities rather than transactional leadership in students.
- To guide students’ various strategies and approaches of developing projects.
- To increase the positive attitude and good behavioural among the students.
- To develop Communication, logical and analytical skills.
JIMS, Kalkaji
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