Prashant Lakhera
Prashant Lakhera | Case Analysis | | |
SYNOPSIS
BACKGROUND
The case study tells about the Credit Rating Agency Limited (CRA) and Construction Development Board (CDB) which makes an agreement that the CRA would provide grading services for the construction entities and analyses the financial statements. CDB would provide technical person to know about the operational analysis of the construction. Continent Construction Limited (CCL) is the construction company which has many project sites, constructs roads and bridges in India. The CRA and CDB have got a new project to grade the company based on all construction entities. CCL projects are located at Nashik and Jalgaon site in which Prashant Lakhera and Gagan Vedi are appointed for the project as the financial analysts from CRA and Deepak Ghoshis as the project lead from CDB. They should work on a report that has to be submitted within the few days.
From the starting day of the project, they didn’t spent time to know each other. Rather most of the time was spent for explaining the CRAs rating methodology. When they visited the Nashik project site, Ghosh communicated native language with the workers and when Prashant and Gagan intervened for explanation he says that it is all under his control. Since Ghosh has experience in construction sector so the team relied on him for the information. Since Ghosh is a government employee he thinks that he has more knowledge than private employees. The same procedure is repeated for the other site (Jalgaon).
Ghosh made individual visits to sites without informing the team. Prashant and Vedi constrained themselves from asking pertinent questions. Ghosh gave update about the status of the project to his Boss without involving Prashant and Vedi. Prashant and Vedi missed the opportunity talking to Boss and also working as team with Ghosh. They never discussed the deadline of project completion. Later they stopped meeting and discussing about project, which allowed
SYNOPSIS
BACKGROUND
The case study tells about the Credit Rating Agency Limited (CRA) and Construction Development Board (CDB) which makes an agreement that the CRA would provide grading services for the construction entities and analyses the financial statements. CDB would provide technical person to know about the operational analysis of the construction. Continent Construction Limited (CCL) is the construction company which has many project sites, constructs roads and bridges in India. The CRA and CDB have got a new project to grade the company based on all construction entities. CCL projects are located at Nashik and Jalgaon site in which Prashant Lakhera and Gagan Vedi are appointed for the project as the financial analysts from CRA and Deepak Ghoshis as the project lead from CDB. They should work on a report that has to be submitted within the few days.
From the starting day of the project, they didn’t spent time to know each other. Rather most of the time was spent for explaining the CRAs rating methodology. When they visited the Nashik project site, Ghosh communicated native language with the workers and when Prashant and Gagan intervened for explanation he says that it is all under his control. Since Ghosh has experience in construction sector so the team relied on him for the information. Since Ghosh is a government employee he thinks that he has more knowledge than private employees. The same procedure is repeated for the other site (Jalgaon).
Ghosh made individual visits to sites without informing the team. Prashant and Vedi constrained themselves from asking pertinent questions. Ghosh gave update about the status of the project to his Boss without involving Prashant and Vedi. Prashant and Vedi missed the opportunity talking to Boss and also working as team with Ghosh. They never discussed the deadline of project completion. Later they stopped meeting and discussing about project, which allowed