Project management in financial engineering

Financial institutions have only recently seen a trend toward the increasing development of financial products. This article presents the results of a survey exploring how fundamental project management concepts such as operations management, organizational structure, and new product development processes are applicable to the disciplines of financial engineering and financial product development. Among the concepts with potential for cross-fertilization are the Work Breakdown Structure (WBS) as applied to financial products, and the matrix organization for financial product development. Three top management approaches with promise for financial product development are the holistic approach, the product team approach, and the intrapreneurial approach. Financial engineers need to be skilled in diversity management, boundary-spanning management, and technical core management.
member content locked

Log in or join PMI to gain access

or Join

Advertisement

Advertisement

Related Content

  • PM Network

    The Science of Uncertainty member content locked

    By Thomas, Jen Project estimates can sometimes take on a life of their own. The budget for the new international arrivals facility being built at Seattle-Tacoma International Airport in Seattle, Washington, USA…

  • PM Network

    Celebrating Smaller Delays member content locked

    Schedule overruns affected nearly 30 percent of Indian infrastructure projects monitored by the government in 2014. By 2018, that had dropped to under 20 percent, even as the number of initiatives…

  • PM Network

    Permit Power member content locked

    Permits can stall or accelerate a construction megaproject. A permit issue is even affecting a century-old project—the Sagrada Familia in Barcelona, Spain. The project launched in 1882, though less…

  • PM Network

    Sequencing Made Simpler registered user content locked

    By Garza, Amelia Talk about a lessons learned database. U.S. construction and engineering giant Bechtel has been in business for 120 years, with some 25,000 construction projects under its belt—many of them…

  • PM Network

    Snap Precision registered user content locked

    By Fewell, Jesse If you've worked on agile projects, you've likely heard an agile champion make bizarre statements about estimating a budget and schedule. When you press further for estimates, you might get an even…

Advertisement

Publishing or acceptance of an advertisement is neither a guarantee nor endorsement of the advertiser's product or service. View advertising policy.