Offshore program and project management involves four critical activities:

1. Transition Management 2. Governance 3. Performance Management 4. Quality Management

Transition Management The process of managing assets during a period of restructuring is defined as transition management. The role of Transition Manager is to minimize costs and risks thus ensuring that process runs smoothly.

The real process starts when contract is signed. Smooth transition management is next issue to manage. Transition management is considered to be a critical success factor of offshore activities. Transition management is defined as detailed knowledge of transfer and documentation of all relevant tasks, technologies and workflows The transition period is perhaps most difficult stage of an offshore endeavor, taking anywhere from three months to a year to complete.

Transition management involves following:

• Develop an initial transition plan (involving activities such as milestones, assets and benchmarks) • Initiation of projects • Internal procedures and processes • Manage employees • Document lessons learned to improve vendor management

These rich people just know how to get out of their financial problem and start to create wealth. They are just like rest of us, they don’t have a special talent, and they are not good looking people or movie star either.

So, you start to wonder how they can become wealthy, rich and even financially free.

Here are secret they know that most of us have heard about. The problem is laid on all of us. We usually just let information passing us, and we don’t do anything about those information. Now, it’s time for me to remind all of us, and start to do something about it.

The first pillars that we might want to do is own a business. Here is tricky part, owning a business give you a financial freedom, but it also can give you a new headache. What I meant is that every one of us needs to run business that has a system. This system has to be created in such a way that make business can run without constant intervene from us. I will suggest you to read an excellence book about it called “E-Myth revisited” by Michael E. Gerber.

If you want to start with a business that already has proven system, you might want to consider a franchise. A good franchise usually will provide you with a proven working system to their franchisee. So, franchisee can start their business smoothly and quickly.

The next one on list will be real estates. A lot of American nowadays is enjoying a big raise on real estates value in past couple years. Some of them have multiply their asset by double in these couple years alone. The tricky question is how they know that their property value will be going up. Well, answer is they don’t know either. It’s just a pure luck, that’s what I think. This won’t make anybody to achieve financial freedom.