Message from VP Finance and Administration – Mar 2018
Greetings NCPMI Members,
This is Yogi Muthuswamy, VP of Finance and Administration, writing on behalf of the President, Donovan Henry, and the NCPMI Board of Directors.
As the VP of Finance and Administration, I have a responsibility to ensure that your Chapter, with close to 3500 members, operates in a sustainable manner. As one of the largest PMI chapters in the country and the world, our team works to ensure that you continue to reap the membership benefits sustainably. In addition, we also continue to play a role in the professional growth of the global PMI body as well.
We also had the honor of successfully hosting the first ever combined PMI Region 5 and Region 14 LIM (Leadership Meeting) in Durham NC with over 175 attendees. Last year in 2017, we also added to our previous contributions to the PMIEF (PMI Educational Fund) as well, with a significant contribution.
The Finance team facilitates the Chapter’s budget process, manages the budget on an ongoing basis, closely tracks expenditures and revenues and manages any deviations from the budget. We constantly strive to make these processes efficient by streamlining the processes and technology on an ongoing basis. We invest chapter contingency and reserves per established policy guidelines.
To deliver member benefits, NCPMI procures goods and services and negotiates contract arrangements with several vendors and third parties. A major responsibility of our team is to anticipate and manage the operational and business risks to NCPMI by reviewing contracts and procurement arrangements. This also includes identifying and maintaining insurance policies in addition to those provided by PMI Global.
The Finance and Admin team plays a key role in formulating, shaping and helping administer the policies for governing our Chapter. A not for profit organization such as ours needs to abide by several regulations and guidelines including State, Federal, PMI, Chapter bylaws as well as our approved policies. Developing and fine tuning these policies to meet the needs of our membership is an ongoing effort in continual improvement for us.
If you have a special talent or inclination to contribute to your Chapter in any of the areas mentioned above, we would love to have you reach out to the Director of Volunteers and the Finance team to find out more. Our team always welcome volunteers with an interest in the areas of Finance, Contracts, Administration and Policy to contribute to our Chapter. I would be glad to answer any questions you may have, and provide you more details.
As always, your board is here for you. I am looking forward to what the next quarter brings, and I hope that you are too!