Finance for Non-Finance Executives

Organization: NBCC

An enriching Management Development Program (MDP) on “Finance for Non-Finance Executives” was successfully conducted by KIIT School of Management (KSOM), Bhubaneswar for the Project Managers of National Buildings Construction Corporation (NBCC) – a Navratna CPSE under the Ministry of Housing & Urban Affairs, Government of India, during October, 16-18, 2025

This 3-day intensive program focused on Financial functions and its implications in the decision making- specifically from the project management point of view of the real estate sector. The sessions included a wide range of topics from- financial concepts, financial management functions, cost and budgeting, capital investment to working capital management aspects. More specifically the following topics are extensively discussed with relevant case studies pertaining to the reality section and NBCC

  • CEO’s and Business head perspective for effective and efficient project management.

  • Finance terms, concepts, introduction to financial statement- shareholders’ value creation;business strategy and value creation.

  • Cost classifications; Cost & profit centers; types of budget and preparation; cost & financial forecasting.
  • Cost control mechanisms, operating and financial leverage, cost control constraints (including PSU firms)

  • Financial performance analysis through ratios- industry analysis, business strategy & shareholder value creation and ratio analysis.

  • Project/ capex types; project appraisal and decision making including PSUs; risk analysis in capital budgeting; risk analysis with constraints (like cost & time overrun etc.).

  • Working capital components, WC Cycles; WC financing; WC estimation; liquidity and  profitability in WC management; inventory management techniques.

The 3day program ended very aptly with the participants being taken on a tour of KISS (Kalinga Institute of Social Sciences) – which an attempt of Dr. Achyuta Samanta, the founder of KIIT and KISS to empower tribal communities and house 80,000 students in Special Consultative Status with the United Nations Economic and Social Council (ECOSOC) since the year 2015.

The sessions were steered by:

  • Prof. K K Ray & Prof. Sarbeswar Mohanty

And facilitated by an esteemed faculty team:

  • Prof. Sarbeswar Mohanty, Professor & Chairperson – MDP-Consulting
  • Prof. Praveen Mohanty, Professor of Finance & Economics, KSOM
  • Prof. Saroj Routray, Associate Professor Finance, KSOM
  • Prof. K K Ray, Professor of Finance & Economics, KSOM

The MDP saw an active participation from the attended project managers as the participants. The program was highly appreciated by the participation and expected to be conducted regularly. The following heads of NBCC also appreciated the program conducted by KSOM:

  • Mr. Debasish Satpathy, CGM – HR, NBCC

  • Mr. J. P. Guru, CGM – Engineering, NBCC

The program concluded with a vote of thanks delivered by Prof. Sarbeswar Mohanty, Chairperson – MDP & Consulting, followed by the distribution of Certificates of Participation to all participants

Empowering Project Leaders at NBCC!

An enriching Management Development Program (MDP) on “Managerial Excellence” was successfully conducted by KIIT School of Management (KSOM), Bhubaneswar for the Project Managers of National Buildings Construction Corporation (NBCC) – a Navratna CPSE under the Ministry of Housing & Urban Affairs, Government of India.

This 3-day intensive program focused on enhancing strategic thinking, execution capability, cross-functional co-ordination and people leadership in complex infrastructure project environments. The sessions included a wide range of topics with the purpose of enhancing technical competence, emotional intelligence, communication skills, and problem-solving abilities. In specific, the sessions included inside-out journey, managing difficult stakeholders, managing challenges in a digital world, transactional analysis, leading differently, data driven decision making, managing time effectively, employee wellness, behavioural biases in decision making and POSH. The 3 day program ended very aptly with the participants being taken on a tour of KISS (Kalinga Institute of Social Sciences) – which an attempt of Dr. Achyuta Samanta, the founder of KIIT and KISS to empower tribal communities and house 80,000 students in Special Consultative Status with the United Nations Economic and Social Council (ECOSOC) since the year 2015.

The BFSI (Banking Financial Services and Insurance) course is a certification course for newly recruited and experienced staff of Annapurna Finance Pvt. Ltd. The course has been jointly designed by KIIT Deemed to be University and Annapurna Finance Private Ltd. It was delivered by different faculty members of KIIT School of management and KIIT school of Rural management, KIIT university and few industry experts like retired officers from different banks, NABARD and RBI.

This residential training was held at KIIT University campus 17, from 27th Oct 2025 to 17th Nov 2025 for a continuous period of 20 days, training included class room sessions as well as a visit to bank for interaction with clients and Bank officials. After successful completion of the training, all 35 participants were provided a certificate of BFSI training by KIIT Deemed to university and all participants were given job offer by Annapurna Finance Private limited as everyone were freshly recruited and deployed in the training. The cost of training was bone by Annapurna finance private limited.

KIIT School of Management (KSOM), Bhubaneswar successfully conducted a two-day “Finance for Non-Finance Executives” training program on May 7-8, 2025, at the NALCO HRD Centre of Excellence in Bhubaneswar. The program was led by Dr. Shikta Singh and Dr. Saroj Routray, Associate Professors at KSOM, KIIT DU, to equip non-finance executives with essential financial knowledge.

The training was inaugurated by Shri Asutosh Rath, EPO-ED (H&A), and involved the participation of 26 senior and mid-level executives from various departments, including Corporate, S&P, and M&R, at National Aluminium Company Limited – NALCO. Participants gained insights into key financial concepts, the interpretation of financial statements, behavioral finance techniques, and data-driven decision-making.

The Management Development Program (MDP) provided an excellent learning experience for the attendees. Throughout the training, participants were engaged through a dynamic combination of case studies, group activities, and simulations, which allowed them to apply theoretical concepts to real-world scenarios and develop practical skills in finance.

Guru Dronacharya Series – Knowledge Sharing Session

An enriching online session was conducted for the middle and junior managers of NBCC (National Buildings Construction Corporation) under the prestigious Guru Dronacharya Series, a flagship knowledge management initiative aimed at fostering continuous learning and leadership excellence.

The webinar was conducted by Dr. Arun Biswal, Associate Professor, KIIT School of Management (KSOM), who delivered an engaging talk on “Cost, Time & Quality – The Golden Triangle of Project Management.” It was aimed at enhancing participants’ understanding of the critical constraints that govern project success, particularly in large and complex infrastructure and construction projects.

The discussion focused on the interdependence and trade-offs among cost, schedule, and quality, supported by real-life industry examples, case insights, and globally accepted project management frameworks. Key concepts such as project constraints, earned value management, scheduling techniques, quality management practices, and best practices in construction project management were deliberated to help participants make informed and strategic project decisions.

Session Details:

  • Date: Friday, 01 August 2025
    Time: 3:00 PM – 4:00 PM
    Mode: Online

Guru Dronacharya Series – Knowledge Sharing Session – New Labor Codes

An informative and capacity-building online knowledge sharing session was conducted by KSoM for Middle and Junior Management of NBCC (National Buildings Construction Corporation) under the Guru Dronacharya Series, a flagship learning and development initiative aimed at strengthening professional competencies and institutional excellence.

The webinar focused on New Labor Codes and the learning objectives included understanding the rationale for Labour Reforms, Identifing the Structure and Key Provisions of the Four Labour Codes, Comparing Old vs New Frameworks, Interpreting compliance requirements and evaluating the impact on HR practices.

Session Details:

  • Date: Friday, 27 June 2025
    Mode: Online
    Total Participants: 118

Two exclusive workshops were conducted for the female employees of Tata Power as part of the Female Leadership Programme Series on 6th July and 3rd September 2025. The workshops titled, ‘MINDFULNESS as part of NEXT GEN WOMEN LEADERS’ focused on self-awareness, emotional regulation, and conscious leadership. The session enabled participants to reflect, pause, and build resilience while navigating leadership roles and workplace challenges. The discussions and practices were well received and aligned strongly with Tata Power’s commitment to holistic leadership development.

Under the flagship MDP & Business Consulting Programme of KIIT School of Management (KSOM), Bhubaneswar, Prof. Sumita Mishra, was invited to deliver a session on “Building Integrity through Ethics and Values” at Power Grid Corporation of India Limited, Bhubaneswar, on July 7, 2025.

The session aimed at executive-level officers (E2–E7) involved in Odisha Projects and covered the following topics

  • Ethics, Morals, Values, and Integrity 

  • Resolution of Ethical Dilemmas

  • Case Studies on Business Ethics 

  • Interactive Activity: Personal Value Alignment 

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KIIT, industry engagement

At KIIT, we believe that education must not end at knowledge — it must lead to innovation, impact, and industry relevance. The Industry Engagement (IE) Division is the driving force that makes this vision real. It connects the classroom with the corporate world, ensuring that learning is not confined to theory but translated into tangible outcomes — for students, the university, and the industries that shape our future.

IE is where academia meets ambition, where ideas evolve into opportunities, and where collaboration becomes the key to collective growth.