Project manager's competences in financial industry

Abstract

In the last few years, organisations in the financial industry are increasingly applying project management and establishing Project Management Offices. Application of project management in organisations improves effectiveness, efficiency, flexibility, quality etc. Central figure of the project is project manager, and his role is significant for project success. Numerous studies are undertaken to find a project manager's most essential skills. The overall goal of the study was to find what project managers skills are the most important in the financial industry and to what extent respondents possess specific skills. Respondents were project managers and project team members from the most prominent financial institutions in Serbia. When it comes to the importance of competences, we found that technical competences are the most critical competences project managers should have in financial industry. PM's self-assessment showed that among technical competences, respondents are good at budgeting and risk management, but on the other hand, they need to develop other critical technical skills such as document&contract management, procurement and quality management.