Author: Paco Sanchez

--Originally published at Project Evaluation and Management Blog

Engineers not knowing how to manage the economics of a company or a project it’s practically a cliché, it doesn’t matter how genius an idea is, it needs an economy plan. That’s why all companies rely on a team where everyone does their part where they are good at.

But when a group of engineers start a small project with no one to take care of the numbers, that often ends in disaster, and it doesn’t mean you always need a business manager, it just means that knowing the basics of economics can be the difference between success and failure, this understanding can help you manage a project properly when is needed, but more importantly it helps you communicate effectively with business managers and it helps understand the concerns that they look at.

--Originally published at Project Evaluation and Management Blog

So far this book has had a really effective way to keep me reading and learning by making things a little dramatic and awkward from time to time, for example what is the spy doing with a refrigerator bag with sodas in the middle of an auditorium.

But between the dramatic moments and all conversations the author casually drops bits of interesting information as quick lessons here and there.

For example, Mr. T claims that the most important thing in project management is people, and the 4 most important subjects are:

• People selection
• Task matching
• Motivation
• Team formation

And between all that he gets kidnapped by a spy and dreams he is in an infinite loop. So far, it’s great.