Project management (with HR focus)
In this simulation, you will need to prepare a presentation for potential investors. Your aim is to convince investors, who would help you accomplish your goals.
In this module the emphasis is on managing employees.
During the project management module, the following topics will be covered:
- Hiring employees: how to choose the right candidates for the positions?
- Managerial skills: what does situative leadership mean, and why is it important?
- How to manage personnel-related challenges?
- Managing project deadlines and project challenges
Skills to obtain through this challenge
- Managing project personnel (recruitment, resource allocation, understanding capabilities, delegation of tasks
- Conflict management in project environment
- Project management (monitor individual projects and entire project portfolio)
- Harmonizing operational decisions with strategic goals
- Understanding HR challenges of projects
- Monitoring and managing project performance (effectiveness & quality)
- Hiring project personnel
- Assessing individual skills and personality profiles
- Prioritizing projects
- Allocating employees to projects
- Assigning project managers
- Deciding on HR development projects
- Handling personal conflicts
- Managing individuals’ mood status
If you want…
- To improve managerial skills in a practical way by experiencing HR actions in a project environment
- To have a practical exercise that demonstrates HR related challenges of project management
- To enrich your learning program with a dynamic exercise where participants can put theories into practice
Then our Online Business Simulation platform / course is the right for you.
Our engaging online business simulation software is full of deep and enjoyable learning content that equips you with fundamental economic knowledge and business skills.
Key Learning Outcomes:
- Obtain the ability to analyze a comprehensive managerial situation and understand the leadership options of managers
- Understand the necessary balance among project portfolio priorities and goals of individual projects
- Obtain the ability to prioritize the actions and decisions needed to achieve project goals
- Understand the necessary balance among strategic goals and operational actions
We will walk you through the following:
- Hiring employees: How to choose the right candidates for the positions? How to keep them? How to maintain employee motivation?
- Managing
- Project deadlines
- Project challenges
- Personnel-related challenges
- Behavior competences necessary in a project environment.
The Challenge:
Participants are responsible for successfully completing a multi-step project portfolio in a given time period. Their tasks is to select and then manage the right professional people.
Participants have to perform effectively, operate the company cost-consciously, meet deadlines, and handle emerging challenges.
In this simulation, participants will have to prepare a presentation for potential investors with the aim of convincing them to help achieve the project’s goals. In this module, the emphasis is on managing employees in a project environment.
The Case Study description
Your product idea in this simulation is an online market in which an angel investor has already seen potential, and invested EUR 250.000 to finance the operation of the initial period. The company is already registered, and different functional divisions are in place to start working, so you have back-office colleges to handle financial reporting, HR reports and business consulting.
Creators of GeTicket (the name of the virtual company you are working for) developed a business concept on how to efficiently manage sports events’ tickets secondary markets, because in team sports, fans already buy the tickets for the quarterfinals, semi-finals, and finals, but the results are not always as expected, so sometimes the fans don’t have tickets for the right match. Many people miss their home team’s games, while at the same time visitors don’t show up.
GeTicket would like to solve this issue by creating an online market for selling and exchanging the entrance tickets of sports events.
Your goal
Preliminary evaluation showed that you will need a much higher amount of capital to start up your company and app, that is why you need to prepare for an investment presentation with your virtual company. During this presentation you will need to convince investors, everything depends on this presentation! Fortunately you have enough time to prepare for it. Keep in mind, that the presentation is due at the end of the last month, so even if you finish the projects before this, you cannot do the presentation before its scheduled date.
First steps
In order to convince a serious investor, you will need to prepare multiple background studies in the form of 8 projects.
You already hired two colleagues, who
have started the work. It is obvious that two persons will not be
enough to complete the project until the deadline, so you need to hire
new colleagues. You should especially strengthen your team in the fields
of IT, marketing and design.
During the year you need to decide who works on which projects.
The projects
During the preparations for the investment presentation, your employees should complete the following projects.
- Market survey
- Prototype design
- Negotiations with partners
- Business model development
- Product image & marketing plan
- Business plan preparation
- Design of planned operational processes
- Preparation of the presentation
One employee can work on multiple projects simultaneously.
Timeframe
After setting up your project team, you will have approximately one year to find the answers to every technical, market-related and financial questions.
Based on preliminary calculations, you will need about 5-6 people to complete all the tasks. Determining the exact number of your stuff is up to you.
During the year you may not be able to hire new employees, you should consider this as well.
Managerial challenges
As the leader of a project team, you will certainly need to manage emerging conflicts, challenges and problems. You will have the opportunity to motivate, encourage and train employees, and also to reorganize certain tasks and projects – if necessary.
Participants make decisions in these areas:
- Hiring employees
- Assessing individual skills and personality profiles
- Prioritizing projects
- Allocating employees to projects
- Assigning project managers
- Deciding upon HR development projects
- Handling personal conflicts
- Managing individuals’ mood status
- Monitoring and managing project performance (effectiveness & quality)
Success is measured by
- Project task completion
- Project quality
- Team performance
- Motivation of employees
Skills to obtain through this challenge
- Managing project personnel (recruitment, resource allocation, understanding capabilities, delegation of tasks)
- Conflict management in project environment
- Project management (monitor individual projects and entire project portfolio)
- Harmonizing operational decisions with strategic goals
- Understanding HR challenges of projects
Access & Subscription
Our Online Business course and simulation for PROJECT MANAGERS and HR MANAGEMENT can be used as a facilitated or non-facilitated online training program for individuals or groups.
