Prashant Lakhera

Topics: Construction, Project management, Construction worker Pages: 8 (2222 words) Published: December 3, 2012

Prashant Lakhera: Senior Analyst

Submitted By:

MANISH KUMAR (2012157)
NAYAN SHARMA (2012182)
MUKUL WALIA (2012173)

Submitted to:
Dr. Saleena Khan
Asst. Professor, OB & HRM IMT, Nagpur
The case revolves around these three individuals, Prashant Lakhera (senior analyst at Credit Rating Agency Limited), Gagan Vedi (analyst at Construction Development Board) and Deepak Ghosh (project manager at CDB) who had to finish a credit rating report by December 27, 2006 for their client, Continent Construction Limited. The objective of CDB is to provide a forum for all parties involved in construction and CRB deals in providing investment information and credit rating services. CRB and CDB had an agreement to work together on credit rating, where CDB would provide technical expertise and CDA would provide two analysts and its expertise in rating methodology. These grading were done to increase the confidence of the bank in the construction sector. The CRB-CDB team that consisted of Prashant Lakhera, Gagan Vedi, and Deepak Ghosh were given the task to grade Continent Construction limited. During the task, the team visited two CCL sites where they were relying on Ghosh’s expertise on construction as he has been in this business for more than two decades. Contrary to that Ghosh acted very immature and didn’t work as a team member. He used local language to talk to the construction workers and site engineers instead of English which was not appreciated by the other two members of the team. He even didn’t record anything in his diary which could bring a lot to the tables during the team meetings. Even after constant reminders for Lakhera, he kept the same attitude and didn’t comply with the team’s rules. This behaviour of Ghosh’s created a lag between him and the other two members of the team and the team didn’t meet after the two construction site visit till their meeting with CCL. During the meeting with CCL in Mumbai, a question of unaccounted money was raised by Ghosh which left the other team members and the financial manager of CCL shocked but the situation was very well handled by Prashant Lakhera. Ghosh was asked to be quiet during the whole meeting which did make him really frustrated and angry. Post this event, when the team met in Hotel to finalize the report Ghosh didn’t gave any operational analysis and walked off on Prashant Lakhera and Gagan Vedi asking them to finish the report on their own.

Credit Rating Agency Limited (CRA), a leading provider of investment information and credit rating services in India, had two divisions- Credit Rating and Industry Research. In order to extend its product offering to include grading services for construction entities CRA’s Industry Research division had a tie-up with Construction development Board (CDB) in November 2006. CDB was a Government of India undertaking with an objective of providing a forum for all parties involved in construction to express their concerns and study various problems of the sector. As per the agreement between CRA and CDB, the latter would provide technical expertise and network of construction entities and former would provide two analysts along with its rating methodology to analyze the financial statement of construction activities. Their recent but extremely important assignment was for Continent Construction Limited (CCL), with project sites at Nashik and Jalgaon. Prashant Lakhera and Gagan Vedi are the two financial analysts from the CRA, and Deepak Ghosh is the project manager from CDB.

Learning Objectives:
1) Team spirit and Group Dynamics.
2) Managing others and understanding the difference between personal and positional power. 3) To understand the...
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • Essay on Prashant
  • Prashant Lakhera Analysis Essay
  • Essay about Prashant
  • Global Warming and Forests Essay

Become a StudyMode Member

Sign Up - It's Free