Who is a Process Engineer?

How will you answer to a common man’s question upon your profession?

Suppose, you are a Quality engineer. But if a person who is not at all related to IT world asks you about your job, how will you answer?

I thought about the same in many dimensions.

Hmm.. It is easy to have a complex definition.. but It is pretty difficult to make it a simpler one

So coming back to the Question, “Who is a Process Engineer/Process consultant/Quality Engineer”?

We all are working based on certain discipline.

Companies are also not at all an exception. They are abiding to some standards. Sometimes they make their own standards and follow the policies inline to those standards.

Otherwise they seek compliance to industry wide accepted standards and models like ISO, CMMI, ASPICE, TL 9000, FDA, AS 9100 etc.

Sometimes they even go for certification or assessment against these standards, so that they can proudly claim that “we are compliant to ISO xxx etc” and definitely which will be an added value in front of the clients.

Now who will be monitoring the compliance on a long run? Disciplines are to be ensured life long, right?

Similarly companies need to ensure that the defined policies are implemented and updated on a regular basis. If the responsibility is shared among each and every employee, it will end nowhere and ultimately everything is diluted.

So companies keep a separate group known as process consultant or QA engineers.

  • They mainly help the organization to comply with these standards.

  • They train the employees on the implementation part.

  • They write policies and procedures and ensure that it is shared to relevant people.

  • They ensure that these policies are practiced inside the projects through proper audits.

  • They escalate the issues and update the status to senior management.

  • They initiate corrective actions and preventive actions whenever required.

  • The job does not end here. If the company had gone for certification/assessment this team plays a main role for an easy go.

So this is the bare minimum responsibility of a QA engineer. And depending upon the organization, tasks vary. There are consultants who do data analysis and come up with interesting facts about the organization.

So in short, QA team is the team who ensures process compliance within an organization.

Second Generation of Process Consultancy

It is time for a change, a renovation in process consultancy. For the last 40 or 50 years, the same steps are being followed; the same thought process is being applied with little or no change.

In between, industry specific new standards/models got evolved and practiced. Other than that no major change happened in the process consultancy arena. From where to start the change..?

If the right process is followed in the right way by the project team itself, then there is no need of a second person to ensure process compliance. But occurrence of mistakes is a common phenomenon especially when there is human intervention (and even with machines too). Hence it is always recommended to have an external person for verifying the process compliance.

The following questions may seem questioning the validity of existing well known standards or models. With due respect to all of those standards, I am trying to see the process frame work through different angles- “the second generation of Process Consultancy”.

• If all the projects are being executed in the same way following the same written process and procedures, how can they be innovative?

• If lessons earned are documented, passed to the followers and practiced, won’t they be copycats?

• Is the written process really fitting your projects or aren’t you pretending it to be okay, just to avoid the tailoring procedures?

• Is there really an established process for at least half part of your project or aren’t you just executing it as it come up on your way?

The questions won’t end here..it continues till there is a second generation. And then, only those consultants who have subject expertise as well as analytical nature may be the most suitable for next century organizations.

How to become an Effective Process Consultant

A process consultant’s activities inside a project start with the project kick-off meeting. And finally it ends up with closure meeting. The sequence of activities carried out during the project life cycle is as explained below.
1. Help Project manager in project planning
• Defining the workflow and milestones for project activities.
• Identifying the risks during project start up and execution.
• Defining process and product goals using process performance objectives and models defined in the organization
• Identifying the critical parameter for statistical process monitoring.
2. Review the project plan and it’s annexure like CM plan, auditing plan, risk management plan, Quantitative project management plan, estimation, schedule etc.
3. Conduct process audits during project start up, execution, before delivery and closure time.
• Audits could be with various focuses, say like quality audits, configuration audits, security audits etc.
• During audits ensure compliance with project plan and Organization’s Set of Standard Processes (OSSP)
4. Conduct product audits to ensure product compliance to requirements.
5. Provide regular Consultancy to project team to ensure compliance. It can done through Weekly meetings, Trainings etc.
6. Support Project Manager to do regular data analysis and milestone analysis. Trigger for root cause analysis on a case to case basis.
7. Support Project Manager in statistical monitoring and analysis of identified critical parameter
8. Support Project Manager in simulation analysis to check the probability of achieving the project goals
9. Independently report the status of the project to senior management on periodical basis.
10. Conduct before delivery audit
11. Support Project Manager in preparing the ‘lessons Learned’ document and upload to organization’s common repository
12. Support Project Manager to do closure analysis. Trigger for root cause analysis on a case to case basis.
13. Finally conduct closure audit.

The mental tax you are paying for too much of the investment stress being taken?

Do you ever realize how much mental tax you are paying for too much of the investment stress being taken?

Investing is a skill blossoming from a disciplined- hard working mind. But do you ever realize how much mental tax you are paying for too much of the investment stress being taken?

We all are living for a better life, a peaceful living. It shouldn’t be spoiled at the cost of money making ventures. Likewise investing. No doubt upon that we need investments to fight inflation, to meet unexpected expenses and so on. But what’s the use if you are paying too much mental tax for the stress behind investments?

You don’t have to save all your money all the time.

Desiring Money is okay..but if you are worrying too much about saving so much money how will you have a whole day free to enjoy lunch, coffee, nap..

Be wealthy and healthy, but not greedy. Physical fitness must be one of the top priorities too

You don’t have to save all your money. Just chill and relax too. Saving money should not be at the cost of enjoying life moments.

Plant the right seeds at the right time without getting stressed. For this you need to have economical awareness since childhood.

If the right seeds are planted, not just money but love and peace also will grow on those investment trees.

Invest in assets and enjoy the power of compounding! If you are into trading have a look at this post Trading: Top 6 sectors to consider in the Post Pandemic world.

Do you know what’s the biggest mistake made by people in their journey of economic independence?

The biggest mistake made by people in their journey of economic independence is being absent in the now moments by living for the future.

While using your time to acquire money don’t go to the extremes that you exchange almost all your time for money. Don’t be too extreme with your saving strategies. Make it balanced.

Living for the future or the so called “saving” should not deprive yourself from the present.

Money is power, power to live in your own ways. Use it wisely or else you will have to pay too much mental tax.

Invest in yourself first, rest will follow.

I never will cling to money, not because I fall in any privileged category. But money never attracts me. But professionally being into quantitative data management, I love analyzing charts and patterns. The very reason why I’m into trading.(So Are you a Trader or an Investor?) And yes of course it gives me returns too without making me stressed.

Chasing passion is more fruitful than chasing money; a great lesson I learnt and truly experienced in my life.

I don’t want to spoil the fun of life with extreme investing strategies.

I don’t want to regret later that I didn’t do a lot of things I wished for as well as I couldn’t say no to work that I don’t want to do.

Make your child disciplined and financially literate

I know people who spent their whole young life investing thereby making their family economically stable. Of course driven by hard work and discipline. But looking back, did they really enjoy life..? I don’t know. Maybe working for the family was their enjoyment.

Whatever, give a thought on this while running too much behind money.

Financial awareness and economical independence is a must for each and every individual irrespective of the gender. In my opinion, it’s something which must be compulsorily added to the curriculum also as kids at their younger age itself must have some financial awareness. At least they must be in a position to understand the financial background of their family.

Make your child disciplined and financially literate. Let him invest for himself.

And ensure that you are not missing out the now moment while striving hard for tomorrow.

Featured Image Courtesy : Free Stock Photos · Pexels

Don’t buy at dips, but buy when rebounding after the dip

How to manage the risk of buying the dips?

Dips in fundamentally good stocks are good buying opportunities. You may earn handsome returns in the long run if you are ready to take this risk. Buy the dip is a strategy usually adopted by long term investors.

But what if the price drop never goes back up again?

What if the company has experienced a shift in its underlying fundamentals and which caused the dip?

Then, you will have to suffer a great loss or might have to wait a long time for a comeback in the stock prices if the volatility continues for a long time.

Above all, seeing the stock in red is a psychological discomfort.

So my recommended strategy is buy when rebounding after the dip

Buy when rebounding after the dip

  • Watch the dip diligently.
  • Read and collect as much as updates on the stock.
  • Analyse the patterns and trends.
  • Recognize when there is a comeback from the fallen value and then jump in.

This is not same as buy a bounce strategy where in you are not looking for a dip due to some market corrections or so, but instead you are aiming stocks which fluctuates in a range mostly (For example, you found some stocks which varies in the range 100-110/- You buy it when it goes to 100 and sell high after a quick bounce as expected). And there you are quite sure of comeback as you are purchasing the stock at the support level only and not a dip or crash level.

For short term investments I go with “buy a bounce strategy” usually. But for a long term investment buy when rebounding after the dip and not at the dip. (So Are you a Trader or an Investor?)

Buy when rebounding after the dip means you are buying the stock after it has just escaped from the dip.

Advantages of buying when rebounding after the drip

  • You won’t have the depressed waiting period of stock being in red
  • Stock rebounds to its previous high very quickly

Say for Example Wipro, which seems to rebounding after the dip now

Wipro was at its low for a while. And have recently come out of the resistance at its low and started to show growing momentum.

Let’s take a closer look at it

1. Wipro

Wipro Limited is a global information technology (IT) services provider. It operates through two segments: IT Services and IT Products.

Last month the stock price went down to 603.95. Thereafter it is slowly gaining momentum. Current market price is 670.8(Closing price as on 17th Nov 2021). At this moment, it would be a reasonable choice to buy. Anyway it has gone up by 1%. So comparatively less chance to come down again.

Moreover Wipro has announced an acquisition plan.

Wipro announced on Wednesday that it signed an agreement to acquire US-based LeanSwift Solutions. The acquisition is in line with Wipro’s strategy to invest and expand its cloud transformation business through Wipro FullStride Cloud Services. The acquisition is expected to close before the end of the quarter ending March 31, 2022, Wipro stated in a BSE filing.

3 IT companies in India for investing in 2021 also talks about Wipro.

Some metrics of Wipro

PE Ratio : 33.95

Dividend Yield: 0.15%

Pic : TickerTape

Disclaimer:

The views and investment tips expressed here are purely based on my intuitions out of the mathematical analysis done and current news. What suits you better is something to be decided by you. What is in fancy today may become outdated tomorrow. So above every recommendations, it’s your logical intuitions, investment objectives and risk tolerance that matters the most. After all, it’s your money at stake!!

Lloyds Steels Industries: Stock forecast

As on 9th Dec 2021 Lloyds Steels Industries (LSIL) Share Price closed at 11.30. And today again on upper circuit.

It’s a good time to enter. Stock is not in the overbought zone now.

About LSIL

Lloyds Steels Industries is the designer and Manufacturer of Heavy Equipment, Machinery and Systems for Hydro Carbon Sector, Oil & Gas, Steel Plants, Power Plants, Nuclear Plant Boilers and Turnkey Projects.

Fundamental Analysis

The PE ratio of the company is greater than 40. Currently it is 1,991.23 while the sector PE is 65.54 as per Ticker Tape. This is not a good indicator.

But what’s more interesting is the increased promoter holdings in the company. In last 6 months, promoter holding in the company has increased by 7.30% which is a positive indicator. It reflects the confidence of promoters in the company. Pledged promoter holdings is also insignificant

Standalone net profit rises 236.21% in the September 2021 quarter though sales decline 55.01%

Technical Analysis

The price pattern is promising

Last week (From 3rd Dec 2021 to 9th Dec) it has resulted in a 20 % return and in the last year 927.27% return.

A long-term increase is expected in this stock.

Pic: Ticker Tape.

Disclaimer:

The views and investment tips expressed here are purely based on my intuitions out of the mathematical analysis done and current news. What suits you better is something to be decided by you. What is in fancy today may become outdated tomorrow. So above every recommendations, it’s your logical intuitions, investment objectives and risk tolerance that matters the most. After all, it’s your money at stake!!

Trading: Top 6 sectors to consider in the Post Pandemic world.

A lot many stocks hit so hard at the onset of the Covid-19 virus, millions lost their jobs, millions lost their businesses. Well, there were many stocks which surged many times amid pandemic including banking stocks, Entertainment stocks and pharma stocks.

Top 6 sectors to consider in the Post Pandemic world.

Some of the industries that suffered greatly during the pandemic are Airlines, Real Estate, Building Material Industry, Resorts & Restaurants, Travel, Cinemas.

And such industries which got hit on all sides from the effects of the pandemic, which have been dormant for a while are likely to bounce back strongly as consumers resume their normal spending patterns in the post covid zone.

Sports stadiums and multiplexes were closed down during the outbreak. Keep an eye on the pandemic-hit sectors like hotels and multiplexes. Read 4 media stocks to buy in 2021

Another key sector to watch out for is building material space – cement, PVC pipes, home improvement, and paints.

Likewise leisure and domestic travel is likely to pick up more rapidly than international and business travel.

Choose the right stocks to invest in 2021 and let your investment grow more in no time. Once the major chunk of populations get vaccinated things would be back to normal.

So keep an eye on Airlines, Real Estate, Building Material Industry, Resorts & Restaurants, Travel, Cinemas. These would be the top 6 sectors blooming in the Post Pandemic world

Disclaimer:

The views and investment tips expressed here are purely based on my intuitions out of the mathematical analysis done and current news. What suits you better is something to be decided by you. What is in fancy today may become outdated tomorrow. So above every recommendations, it’s your logical intuitions, investment objectives and risk tolerance that matters the most. After all, it’s your money at stake!!

3 IT companies in India for investing in 2021

Investors should pay attention to these 3 IT companies in India. There are many more IT companies which you can rely for long term. I’m just adding three of my picks from them.

Firstsource Solutions Ltd

Firstsource Solutions Limited is a provider of a range of business process management services. The Company provides its services to a range of sectors, including healthcare, telecommunications and media, banking and insurance

I started to watch the stock since May 2021. Stock price was in the range of 120 that time. By July the stock price reached 242. There after it was declining till August end. By September the value has again started to upsurge. This is a good pick for long term investing.

  • Dividend Yield 1.47 %
  • Stock P/E 30.2
  • Last one year Return : ~177%

Wipro Ltd

Wipro Limited is a global information technology (IT) services provider. It operates through two segments: IT Services and IT Products.

This stock was added to my watch list since April 2021 while the stock value was around 480. Since then I have seen the upsurge of the stock that too with negligible fluctuations. It is a good stock with less volatility. If you don’t want to take too much of risk, this is a comparatively better stock among the three suggested in this article. But always remember the more the risk, the more the returns!

  • Dividend Yield 0.14 %
  • Stock P/E 31.8
  • Last one year Return : ~99%

Persistent Systems Ltd

Persistent Systems Limited is engaged in the business of building software products. The Company offers complete product life cycle services.

It was in 2010, the company became listed. Last five year returns comes around 474.16%. And since 2020 September the stock value is showing a tremendous growth. The returns for the last 12 months is around 190 %.

This stock has a bright future. It can be purchased as an investment or for short term. It can give at least 10 % returns every month as per the current price pattern. (Personally I have a plan to purchase this stock for a few weeks.)

  • Dividend Yield 0.47 %
  • Stock P/E 63.1
  • Last one year Return : ~240%

Stock P/E and Dividend Yield values are taken from Screener

Read other posts on trading recommendations here

Disclaimer:

The views and investment tips expressed here are purely based on my intuitions out of the mathematical analysis done and current news. What suits you better is something to be decided by you. What is in fancy today may become outdated tomorrow. So above every recommendations, it’s your logical intuitions, investment objectives and risk tolerance that matters the most. After all, it’s your money at stake!!

3 stocks that can offer solid returns in the short term

Below are 3 stocks in focus that can offer solid returns in the short term, in a few weeks time!

Data as on 13th October 2021

PNC Infratech Ltd, a Construction & Engineering company with a Stock P/E 17.9

Previous Close: 365.2

Recommended buy: less than 370

Target Price: 410

Time span: 40 days

Rain Industries Ltd, manufacturer of carbon products (coke), chemicals and cement with a Stock P/E 9.39

Previous Close: 241.95

Recommended buy: less than 250

Target Price: 290

Time span: 40 days

Redington (India) Ltd, Information Technology Hardware company with a Stock P/E 12.5

Previous Close: 145.15

Recommended buy: less than 150

Target Price: 195

Time span: 40 days

Stock P/E values are taken from Screener

Disclaimer:

The views and investment tips expressed here are purely based on my intuitions out of the mathematical analysis done and current news. What suits you better is something to be decided by you. What is in fancy today may become outdated tomorrow. So above every recommendations, it’s your logical intuitions, investment objectives and risk tolerance that matters the most!!

Sebi introduces T+1 settlement cycle on optional basis

SEBI has introduced an optional T+1 settlement cycle for the stock market.

It simply means if you have purchased a stock today, it will be there in your demat account by next working day (T+1). Currently the settlement time in Indian stock market is two working days. (T+2)

As per the current circular introduced by SEBI, there is flexibility to stock exchanges to offer either T+1 or T+2 settlement cycle for completion of share transactions (with some conditions like after giving an advance notice of at least one month regarding change in the settlement cycle, Read more Sebi introduces T+1 settlement cycle on optional basis to enhance liquidity).

The provisions of the circular come into effect from January 1, 2022.

The positive side of the change is that “less risk of default by brokers as less settlement time”. But the implementation might cause some initial hurdles for Foreign Portfolio Investors (FPI) because of time zone differences.

Disclaimer:

The views and investment tips expressed here are purely based on my intuitions out of the mathematical analysis done and current news. What suits you better is something to be decided by you. What is in fancy today may become outdated tomorrow. So above every recommendations, it’s your logical intuitions, investment objectives and risk tolerance that matters the most. After all, it’s your money at stake!!