Institute of Business Administration

ELP Overview

What is ELP?

Experiential Learning Projects (ELP) program is an academic driven management consulting intervention under which our senior students’ groups from the BBA and BS-Accounting & Finance (BSAF) programs, help organizations in analyzing the issues that warrant investigation, conduct primary & field research, and develop options for cost effective implementable solutions. The aim of this program does not only entail the acquisition of industry knowledge, but also embodies an effort to help our students integrate their functional learning in an integrated holistic manner and apply it to resolve the problems faced by different organizations.

How is ELP different from Corporate Internship experience?

Parameters	Corporate Internship	Experiential Learning Program (ELP)
Tenure/Duration	6-8 weeks	4 months
Scope	Task oriented	Goal-oriented
Objective	Focus on orienting students to the industry workings and corporate culture	Focus on solving problems/challenges identified by companies
Academic Weightage	Mandatory academic requirement for graduation	Graded Component For BBA: 6 Credit hours / 2 courses For BSAF: 6 credit hours / 2 courses

Key Statistics

								Total
	2021	2020	2019	2018	2017	2016	2015	Total
Total Number of Students Participated in ELP	314	218	259	207	275	300	294	1867
Total Number of Projects Undertaken	64	44	55	40	52	65	64	384
Total Number of Faculty Advisors Involved	21	13	20	15	24	19	13	125*
Total Number of Partnering Companies/NGOs	37	35	44	30	39	52	46	283**
*Few faculty members served as ELP Faculty Advisors in multiple years
**Few companies participated in multiple years

Area of Investigation	No. of Projects							Total
Area of Investigation	2021	2020	2019	2018	2017	2016	2015	Total
New Ventures/Feasibility Studies	17	15	21	06	26	13	25	123
Marketing Strategy/Market Research	13	09	13	16	09	16	11	87
Strategic Analysis & Management	13	05	05	06	03	16	6	64
Human Resource Structuring	3	02	03	03	03	02	5	21
Management Control Systems	2	05	08	02	01	01	5	24
Supply Chain Management	2	05	02	01	03	03	3	19
Others	4	03	03	06	07	14	6	46
Total	64	44	55	40	52	65	64	384

ELP Activities & Timeline

Tasks	Timeframe*
Orientation	October 2021
Call for Projects	October – November
Deadline for Submission of Projects	November 15, 2021
Shortlisting of Projects	November 16 - 30, 2021
Project bidding process for faculty advisors	1st-2nd week of December 2021
Enrollment process	January 4 – 15, 2022
Enrollment deadline for students	January 15, 2022
ELP Start Date	January 17, 2022
Formulation of TOR	3rd-4th week of January
TOR review by company and faculty advisor	1st week of February
TOR submission to the CDC/ELP Office	February 10, 2022
Interim Report presentation (Mid review)	March 31, 2022
Final Report presentation	May 31, 2022
*Dates are subject to minor alteration

Areas of Investigation

Companies could help engage our student groups in a relevant project within their organization in areas not restricted to but that may include:

New Ventures / Feasibility Studies
Management Control Systems
Human Resource Restructuring
Strategic Analysis & Management
Marketing Strategy
Supply Chain Management
Resource Mobilization Strategies
Financial Management
Process Re-engineering and Change Management

However, we will welcome other projects or problems/challenges that organization deems of interest.

Working of ELP

ELP Duration	4-5 months
ELP group size	3-4 final semester students
ELP Supervision	IBA Faculty Advisors
ELP working arrangement	Depends on the company. Students to remain available to companies for at least 15-20 hours per week. Some companies require students to attend office 5 days a week, while others require once a week/fortnightly presence in office.
ELP Stipend	Depends on the company. Primary objective is to provide students with a significant industry experience; monetary benefits are secondary.

These projects are conducted under close supervision of IBA faculty advisors. A group of 3-4 students along with a faculty advisor which is assigned to each project.

As a first step towards ELP, companies are approached by the CDC/ELP office to obtain details of the project and to gauge their interest in this program. This serves as a starting point of the project wherein an initial understanding of the problem/project is shared by the client organization with the IBA. In consultation with the IBA Faculty Advisors, the client organizations further develop and/or hone the project plan to meet the requirements of the ELP.

Afterwards, students in consultation with the companies develop the 'Terms of References (TORs)' covering the nitty-gritty of the projects. Students start working on project from January for a period of 4-5 months depending on the project scope and requirements.