Secure desired job profile

Ease of going through the placement process

Leverage alumni network of SIBM Bengaluru for placements
Hit the floor running in the industry
Date:
FMEA Template
Prepared By:
Placement
problems
Item Function
Secure preconceived compensation
Get a job in your dream company
Preparedness for placement process
Look out for and carry out projects for organizations
Relate the theoretical concepts to its industry application
Placement
problems
Have clarity on the industry you want to step into
Placement
problems
Students not able to get the desired
profile
1. Student may not accept the
offer.
2. If accepted,Student may
underperform.
3. Student may switch job early.
9
Document Verification is time consuming
1. Delay in sending profiles to
companies.
2. Human errors.
4
Poor Alumni relations
1. Lack of alumni contribution
towards placements.
2. Slows down the growth of the
institute.
8
Lack of Industry specific knowledge
1. Negative feedback to college.
2. Reduces placement opp.
Across industries.
3. Lack of awareness about
latest trends.
6
Date:
FMEA Template
Prepared By:
Potential Failure Mode Potential Effects or Failure
S
E
V
Inability to secure desired pay package
1. Student may not accept the
offer .
2. If accepted,Student may
underperform.
3. Student may switch job early.
9
Some of the well reputed companies
don't visit the campus
1. Unable to attract good
students.
2. Slow growth of SIBM-B, in
attracting best paymasters.
7
Lack of preparation
1. Companies select less
students though their
requirement is high.
2. Negative feedback from the
companies.
3. Opportunity lost.
8
less opp. to gain hands on experience
during course
1. Reduces students' early
exposure to organization
practices.
7
Gap between theortical and industrial
practices
1. Students faced challenges
during companies interview.
2. Students faced difficulty in
getting adjusted with industry
environment.
7
Lack of clarity among students
1. Students may not be able to
justify his choice of industry.
2. students may lose motivation
and switch jobs frquently.
6
1. Mismatch between
company expectations and
student capabilties.
2. Lack of expertise specific to
a particular profiles.
3. Placecom not opening
suffcient number of good
profiles
1. Faculty sensitizing the students
regarding industry expectations
2. Placecom trying to open
relevant job profiles
1. verification documents are
not readily available.
2. Longer lead times in
securing document from
various places.
3. Students' failure adhere to
specified standards.
Placecom emphasizing the need to
adhere to the specified standards
and deadlines
1. Lack of efforts towards
creating touchpoint with
alumni base.
2. No official platform/forum
to communicate with alumni
Alumni Committee engaging with
the alumni once a year through
Samaagam
1. Students are being just
introduced to business
environment.
2. Lack of incentives from
students to gain industry
specific knowledge.
Placecom orgainzing industry
visits and industry specific guest
sessions
Process/Component:
FMEA Template
FMEA No/Rev:
O
C
C
Current Controls for
Prevention/Detection
D
E
T
R
P
N
Potential Causes of Failure
1. Only few high paying
companies visit SIBM-B.
2. Increased competition from
other colleges cutting down on
number of recruitments from
SIBM-B
3. Students have high
expectations but they are not
upto the mark to secure those
high pay packages
1. Several companies have a
pre defined list of colleges
from where they have been
recruiting and are unwilling to
augment that list
2. Some companies have
lengthy processes to include
new colleges in the list of
colleges they visit (as long as 1-
2 years)
3. Job requirements
sometimes force the
compaanies to visit only tier I
colleges for recruitment
Placecom trying to get more high
paying jobs with the average
compensation increasing YOY
1. Lack of seriousness among
students
2. Lack of guidance to prepare
up to the mark
3. Students are unaware of
company expectations resultig
in under-preperation
1. Mock GDPI consucted by
Placecom
2. Faculty sensitizing the students
in batch meets and class
1. Less participation of
students in Live Projects
2. Less participation of
students in events and
competitions
1. Placecom and faculty trying to
communicate the importance of
undertaking Live Projects and
participation in various
competitions
2. Placecom opening Live Projects
with stipend to motivate students
1. Lack of industry feedback
while designing curriculum
2. Very few courses are
completely handled by
industry experts
Some of the faculty are teaching
the concepts from an industry
perspective
1. Impulsive attraction
towards a job profile,
company, etc
2. Peer pressure to take up a
particular path in career
Mandated summer internship
aides the students to follow the
right path in their career
Action Taken
S
E
V
O
C
C
D
E
T
R
P
N
1. Placecom to open the job
profiles only to relevant
specializations
2. Student should have clarity
regarding their desired profile
which can be done by
increasing the interaction with
industry experts.
Placecom and
Academic
programme
committee(Contin
uous process)
1. The document verification
dates to be planned in advance
and incorprated into the
academic calendar
2. Students should be
informed to adhere to the
specified standards and
deadlines well in advance,
failing which strict actions
would be taken
placecom and
student of SIBM-B
(August 31st
2014)
1. Create well structured
portal to communicate alumni
2. Create more avenues to
engage with alumni
3. Invite alumni in all
management events
Alumni Committee
and Placecom
(Continuous
process)
1. Placecom to schedule
industrial visits on regular
basis.
2. Visiting faculty and
Speakers for guest lectures
should be from across
different industries.
Placecom and
Academic
programme
committee(Contin
uous process)
Process/Component:
FMEA Template
FMEA No/Rev:
Action Results
Recommended Action
Responsibility and
Target Completion
Date
1. Placecom should bring high
pay package companies.
2. Increase interaction and
between students alumni to
get realty check of industry
3. Improve quality of students
to be able to fetch high paying
jobs
Placecom, Alumni
Committee and
Management
(Continuous
process)
1. Placecom to engage with
tier1 organizations on
continuous basis
2. Increase SIBM-B branding
activities to gain visibilty
Placecom,
students of SIBM-
B and
Management of
SIBM-B
(continuous
process)
1. Continue mock GDPI and
rope in industry experts for
the same
2. Ensure students are well
read about contemporary
topics by providing a
platform/forum to discuss the
same
Placecom,
Academic Program
Committee (Mid
Sept 2014)
1. Reinforce the need to work
in tandem with the industry
2. Create a system to
encourage the participation of
students in various national
level competitions
Placecom,
Acedemic
Programs
Committee and
Events and
Conferences
Committee
(Continuous
Process)
Curriculum design should
have closer involvement of the
industry experts
Management
(Continuous
process)
Invite industry experts to give
insights into the flavour of
work offered by their
respective industries
Placecom, Alumni
Committee and
Management of
SIBM-B
(Continuous
process)
Problems
1 Students not able to get the right profile
2 Document Verification is time consuming
3 Poor Alumni relations
4 Lack of Industry specific knowledge
5 Lack of preparation
6 desired package
7 Some of the well repued companies don't visited
8 diversity among companies are not available
9 less opp. to gain hands on experience during course
10 Gap between theortical and industrial practices
11
12
13
14