Tuesday 26 April 2022

Formation of an effective investment project team

 




This is a set of costs that are realized through targeted investment in various industries and spheres of the economy, the purpose of which is to generate income and achieve individual goals of investors.
Speaking about the goals of investment, most investors distinguish the main three, namely:


1.    Reduce the period of return on investment. Consider an example: An investor invested 300,000 dollars in a new business. After three months, this business brings him 10,000 dollars every month. It turns out that this business will pay off in 30 months, i.e. the investor is deprived of the use of his capital for this period. According to statistics, Investors sell 40% of their new thus, quickly return the invested capital, and can invest it in other projects.
2.    Minimize risks. Everything is clear here, each person, invest your funds, wants to minimize all the risks of capital loss to a minimum as much as possible. For example, many investors, when creating their own business, buy franchises, so they reduce internal risks.
3.    Extract the maximum profit. Every investor wants to get the maximum possible profit from his investments, every investor uses his tools for this. For example, you can, first of all, reduce all expenses to a minimum, thereby increasing your profit.
 

Any implementation of the goal involves the creation of investment projects that will help provide all project participants with the necessary information that will help to make an investment decision.


What do you need in order to competently plan and organize an investment project? The answer is simple – a reliable and efficient team. Therefore, when organizing work on the project, it is necessary to solve two tasks: 1) to form a project team; 2) organize the investment project team for effective and well-coordinated work.


To begin with, let's consider the main factors that determine the principles of forming an investment project team


Table 1 Resource requirements by component

 


Name

Description

The first factor

Specifics of the project

This factor determines the formal structure of the team, which is approved by the management, and this: the composition of the team, the list of knowledge, skills and abilities necessary for the team that will help in the implementation of the project; timing, stages and types of work on the project.

The second factor

Organizationally cultural environment

Organizationally, the cultural environment is divided into external and internal. External, includes the environment of the project in all aspects. The internal environment, or the organizational culture of the team itself, includes characteristics such as the ways of dividing leadership, the distribution of responsibility, the organization of role distribution, the ways of making collective decisions, etc.

The third factor

Features of the personal style of interaction of its leader or leader with other team members

It is understood that in this factor attention is paid to the relationship between the leader and the subordinate, the ways of managing and leading the team to a common decision.

 



The team is the so-called team, which is the basis, the key to the success of many large, highly effective companies. Examples include several foreign companies, such as:


1.    Procter & Gamble, which employs work teams in 18 of its enterprises, whose productivity is almost 43% higher, compared to enterprises that do not use work teams;
2.    At Textronix, which is an American corporation, one of the world leaders in the production of measuring equipment, work teams spend about 3 days to produce the final product, whereas it usually takes an average of 14 days;
3.    Kodak, with the help of an efficient team, was able to increase productivity so much that the amount of work that used to be done in four shifts began to be completed in one. [5, c. 7]
It can be concluded that the effectiveness of companies depends on part of the good team inside, so first, you need to decide on the number and type of teams that should exist in the organization that deals with investment projects.


The first task is to determine the type of team you need. There are several variants of different commands. For example: work teams; cross-functional commands; Problem solving teams Efficiency improvement teams; However, all of this can be divided between three main types: work teams, efficiency teams, and integrating teams. All high-performing organizations are built by mixing and combining commands of these fundamental types. Let's consider each type separately.


  1. Work teams. Work teams usually include those employees of companies that are directly involved in the production, supply, sale of a product or service. Relating directly to the service sector, having considered the example of investment, the working team may consist of specialists in the payment or accounting of invested amounts, representatives of service personnel, etc.
  2. Efficiency commands. This command is considered temporary, because it is usually created to solve some special case, some specific problem. The team recruits people "analysts" who give various recommendations regarding various processes, aimed at improving the work of the entire enterprise. For example, such a team can be a group of persons managing investment portfolios, operational groups.
  3. Integrating commands. These teams work directly to coordinate all the work within a single company. Integrating teams directly solve global problems, or, for example, serve one large client. Usually, people with extensive experience work in such teams.


For complex and interdependent actions, cross-functional teams should be created. Such commands usually have a number of advantages:


  1. Quickness. Saving a lot of time is very important, because it is necessary to perform tasks, especially those related to the development of new projects.
  2. Complexity. These teams increase an organization's ability to solve complex problems.
  3. Focus on consumers. Such teams concentrate the company's resources on meeting the needs of consumers.
  4. Creativity. People who have their own different experience from others have different knowledge, being in a team, work much more efficiently, their creative potential grows.
  5. Organizational training. Members of cross-functional teams are ready and able to develop their abilities, both technical and professional, to better understand the scope of activities of other industries, to better train other people.
  6. Unity of action. A cross-functional team makes it easier for different teams to work together more efficiently, becoming the place where decisions about a project or a consumer come from for information and from


It can be concluded that the effectiveness of the organization depends on the effectiveness of the work of its various departments, everything should be interconnected and comprehensive. Thus, the structure of any highly efficient company can be represented in the form of quite natural integrations.



However, a properly modeled integration in a company is not the only thing about ultimate success. It is important to understand that each team member is responsible for their work to themselves, to the members of their integration, and to the company as a whole.


All these factors affecting the principles of formation of an investment project, types of teams and responsibility will help to properly organize the process of an investment project. In countries such as the USA, Great Britain, Germany, the culture of managing investment projects using the skills of working with a team, personnel has become an important and significant part of doing business. In Russia, this is just beginning to gain momentum. At the moment, large companies have their own business coach who helps people to relax, create a team with the help of various trainings (Team building). Such trainings help people to find themselves in emergency situations, thereby making them think more creatively.


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