Project management of investments and personnel

Investments and human resources are everything in business. Therefore, investment and human resource management is an important part of project management.

The application of project management standards can significantly reduce the negative impact on the implementation of long-term projects of changes in the cost of investment and other resources, as well as new risks, including unmanageable ones. Another advantage is that they allow you to more accurately calculate and more reliably guarantee performance indicators for project implementation. For example, return on equity (ROE) for business owners and senior management, or return on investment (ROI) for operational customers. ROI and ROE are reliable economic criteria for evaluating project management performance. It is convenient to set the ROI as a percentage. Its value depends on the specifics of the business and the specifics of the project. For IT projects, it is customary to consider the ROI rate of 48% per year. Return on Equity ROE is the ratio of net income to capitalization. The cost-effectiveness of operational business continuity projects is driven by need. We add that there are techniques for describing and analyzing potentially unmanageable risks, for example, the PEST (EL) method, which considers political, economic, social, technological, as well as environmental and legal risks archetect salary.

To manage project teams, standards require a clear understanding of the functions and roles of everyone involved in project implementation, both the performer and the customer. For example, the classic PMBOK, PRINCE2 define the roles of the customer, project manager, and executing team. The customer, in fact, is the owner and sponsor of the project, he sets goals and controls the result. The project manager ensures that results are achieved within the time frame and budget of the project. Its main tool is free communication with the team of executors and the customer. The team of executors directly implements the project on the basis of the agreed and documented wishes of the customer within the agreed time frame and budget.

If there is a need for flexible project management and the use of Scrum standards, then those involved in the project are assigned the roles of Product Owner, Scrum Master and Scrum Team. The customer, the owner of the product, controls the course of its life cycle. The Scrum Master coordinates and coordinates the implementation of the project at each stage or sprint, and provides the product owner with the results of each stage. The Scrum team directly works on the project in separate stages.

An important difference. In PMBOK, coordination of work is carried out by the project manager at meetings, the frequency of which is determined by him. At the same time, the implementation of the project according to the once planned plan is discussed, changes to the project are not welcome and are not regular. The Scrum Team is coordinated by the Scrum Master during the Daily Standup meetings. At the same time, the sequential implementation of small stages of the project is discussed, in which changes are made at the request of the product owner. This provides flexibility in project management.

You can learn more about PMBOK by successfully completing courses at educational centers that develop training programs in management and project management.