SSN / SIN / NIN and now FIN for Project Manager
From the PM Station Blog
by Riyadh Salih
This blog will explore how we can incorporate and tailor different emerging methodologies for the improvement of project management. Many have been applied in production, maintenance and asset management.
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In United States if you want to work, you need to obtain your Social Security Number (SSN) while in Canada you need to obtain your Social Insurance Number (SIN). However, every country has developed sort of national identity number (NIN) or national insurance number which is used by the governments of many countries as a means of tracking their citizens or permanent residents for many reasons like security or tax paying as part of the whole system which is fine.
What should concern us as project managers is to obtain and track our FIN. What I mean by that is our (Financial Independent Number). YES it is not a government agency number, it is our number that we should target as a good sign of personal successful of a project manager.
I was astonished to learn about so many project managers struggling with their finance or those considering themselves in better shape of living paycheck to paycheck, I was wondering how could that be possible successfully leading a big project, yet struggling and cannot manage own finance. I have excluded those cases where the project managers has his/her own personal problems like gambling, drugs, etc. I am talking in general for those who leads normal life with or without their family of own.
Does having a FIN is a scale for personal success of Project Manager?
Posted on: June 10, 2018 01:29 AM |
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Comments (19)
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Maybe some people's private financial situation being managed wasn't identified as a requirement in their life project ;-)
Sante, true they haven't been invited during the creation of charter :-)
Rami Kaibni
Community Champion
Senior Projects Manager | Field & Marten Associates
New Westminster, British Columbia, Canada
Interesting Riyadh ... I like the FIN idea.
Your own project life cycle.
Good !!!!!!
Drew Craig
Sr. Agile & Product Coach| Vanguard
Philadelphia, Pa, United States
Personal finance stability, whether individually or family, poses challenges for many. Living outside their means, focused on material items, etc. For anyone in any line of work; don't spend if you don't have and don't spend just b/c you do have.
Interesting perspective there Riyadh
Anish Abraham
Privacy Program Manager| University of Washington
Auburn, Wa, United States
I like the idea, thanks for sharing Riyadh
Rami, yes indeed, FIN cool isn't it?
Andrew, thanks for your support on this one it is important to control spending.
Samuel, Cibin, thanks for your comments, it is the most important project to manage.
Anish, thanks for your feedback.
Very new approach ... I think i missed the project charter meeting
Kevin, thanks for your comment, next time will invite you to participate in the business case
Sante, Kevin, Do you have TIN tax identification number I haven't seen any SIN for Ozzie.
Riyadh, yes we the Australian tax file number or TFN.
Manfred Kress
Senior Project Manager, PMP| Atos Information Technology GmbH
Taunusstein, Germany
Now I have a name for what my wife is doing ;-)
But I'm pleased with it.
Manfred, thanks for your nice feedback
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