1.

THE PROJECT

In context to my project, this is where the tools that will administer and facilitate the flow of

the program is highly prepared for and therefore specific personnel have their own function

that would then become a contributing factor to the overall achievement of goals. The

importance of this process is to ensure that students’ perception on money can very much

change into something that will benefit them, be it in the future or at present. Student will be

assessed after the webinar to measure their learnings on the new strategy on saving that

was taught to them. Lastly, the students will be taught micro money-management that they

would be able to use in their daily life. Project managers must ensure to understand that

there are three main components of any project, that there should have a specific scope, a

schedule and the required resources must be available prior to the engagement. Absence of

any of the three will surely and greatly affect how the project will go and progresses.

a. The Project Process

This is where the administration and facilitation of the project will be subdivided into

departments or committees that would then have its own definite function and goals to achieve.

Coming up with projects only means that you are aiming to have good-result or ensuring that

your plans must produce your desired goals. In my project, I am aiming to ensure that students

will be equipped and will develop qualities needed towards effective

long-term savings and knowing how to spend and save smartly at their

young age. Since my project demands quiet a bit of time and also need

good fundamental and practical lectures to effectively relay to the

students the effective way of saving, I have asked some of my colleague

2
and classmates to also come up and share their ideas on the possible topics to be tackled during

the webinar. Afterwards, also have asked them to take some parts in the program to ensure

proper delivery will be done.

b. The Importance of Project Management Process

Every business entity, businesspersons or even individuals opting to go for business always

ensures to first have a plan on how to do things. Basically, this is to ensure that companies

save time and money and get the job done efficiently. The project management process is very

vital to any projects, because it measures the effectiveness of a certain project for a certain

purpose.

c. Project Definition

In this area, the project will have its series or sequence of tasks that must be completed to

attain a certain outcome.

d. Project Management Definition

Project management is the process of leading the work of a team to achieve all project goals

within the given constraints. A project can be either long-term or short-term project, depending

on the ideal objective set by the team or company.

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 2. INITIATION

In context to my project, enabling the scholars will eventually make them become better

prepare for their future as they are already adapting to the management of saving

money and smarty spend their money. The students will initially be hesitant to the

sudden change on their spending habit, but it taught well on how to smartly spend,

they will eventually become understanding of the good outcome it might bring them.

The students will be oriented and informed of the criteria on how to smartly spend and

save their money while they have it. And how to make good use of them in ways that

would also benefit them in the future. The initiation stage is the first phase of launching

the project into a test mode and therefore defining certain goal to attain should be

visible and understood by everyone in the team as it commenced.

a. Project Criticality

This is the phase where the need to have a definite timeframe of a project is set and to be

followed. A project with a definite timeframe is laid out to ensure it can stay imperative and

relevant to the present situation.

b. Project Type (Complexity)

Is a single or a combination of factors that affect the standard response/actions

taken to achieve the project outcomes.

c. Scope Statement

The scope statement details the project deliverables and

describes the major objectives. The objectives should include

measurable success criteria for the project.

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d. SMART Objectives

SMART is an acronym for Specific, Measurable, Attainable, Relevant and Time-

bounded.

e. Project Charter

Project charter is an elevator pitch of your project objectives, project scope, and

project responsibilities in order to get approval from key project stakeholders.

f. Sponsors

Sponsors are business leaders who play a key role in promoting, advocating and

shaping project work.

g. Stakeholders

Stakeholders are those with an interest in your project's outcome. They are

typically the members of a project team, project managers, executives, project sponsors,

customers, and users.

h. Requirements

Requirements are a group of tasks or conditions that must be completed to finish

the project successfully. It can include product features, behaviors, services or even

processes.

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 3. PROJECT PLANNING

In context to my project, it is highly imperative to plan out a project with a very clear set

vision and goals to attain. How to attain those is going to be a whole lot different as it

would require ample amount of time planning out what kind of tools to use, how many

people or manpower will be needed to be involved and all the other factors that would

greatly contribute to the commencement of the project. For the student, planning on

when to take on the seminar will also greatly influence their drive to actively listen and

participate.

a. Project Planning Checklist

Identifying all project requirements. Dividing each requirement into component

deliverables. Outlining all tasks required to complete deliverables. Estimating the time

required to complete each task.

b. Kick-Off Meeting

A project kick-off meeting is the first meeting with the project team and the client

of the project where applicable. This meeting is the time to establish common goals and

the purpose of the project.

c. Work-Breakdown Structure

A work-breakdown structure in project management and systems engineering is a

deliverable-oriented breakdown of a project into smaller

components. A work breakdown structure is a key project

deliverable that organizes the team's work into manageable

sections.
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d. Network Diagram

A network diagram is made up of a set of nodes and lines that connect those nodes.

Usually, a product of social network analysis, a network diagram is the visual display

of how people (or other elements) in a network are connected.

e. Gantt Chart

A chart in which a series of horizontal lines shows the amount of work done or

production completed in certain periods of time in relation to the amount planned for those

periods.

f. Managing Risks

Risk management is the identification, evaluation, and prioritization of risks

followed by coordinated and economical application of resources to minimize, monitor,

and control the probability or impact of unfortunate events or to maximize the realization

of opportunities.

g. Teams

In a project, a project team or team is defined as "an interdependent collection of

individuals who work together towards a common goal and who share responsibility for

specific outcomes of their organizations".

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 4. EXECUTION

In context to my project, the execution is the action phase. Wherein what the team has

planned is put into action and application. The students will now then be able to apply

it their daily spending and eventually will see changes on their financial development.

a. Conflicts

Are those things or situation that hampers or delay the project. This can be;

schedule, past unresolved issues with co-worker, resource competition or scarcity,

technical issues, personality conflicts and the likes.

b. Managing Changes in Projects

Change management is the application of a structured process and set of tools for

leading the people side of change to achieve a desired outcome.

c. Resistance to Change

Resistance to change is a well-known obstacle for projects. When stakeholders,

project teams and organizations strongly resist your project — you have little chance of

success. In many cases, it's well beyond the authority, influence and abilities of the

sponsor to clear such issues.

d. How to Influence Others?

Influencing is the act of affecting the behaviors and actions

of others.

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 5. CONTROL AND REPORT

After the project execution, the team must not leave just yet but instead monitor the

progress of the now ongoing project. The team must be preparing to have a plan ready

for play whenever any discrepancy occurs during the launching. In context to my

project, during the assessment, a forum will come afterward to ensure questions and

other concerns will be given high attention to and therefore be addressed and

answered by the team.

a. Communication

In the project management context this means the exchange of knowledge, skills

and experience.

b. Listening

Mindful listening is especially important when working on complex projects due to

the high level of uncertainty involved. This skill allows the project manager to better

identify apparent and subtle issues, risks, and opportunities necessary when working

with this level of uncertainty.

c. Reporting

Providing a high-level overview that offers the critical data the project generates in

a simple, easy-to-use format.

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d. Managing Delays

Delay can be coming from various situation or issues. When the project is surely to

be delayed, immediately call the team and re-plan, or, if needed, re-schedule new

timeframe of finishing the project. By directly acknowledging the cause of delay, the

faster it is to re-route for a more suitable approach.

e. Escalation

An anticipated rise in uncommitted costs of resources (labor, material, equipment)

over time, due to reduced purchasing power of money. The allowance for escalation is a

component within the anticipated award cost of a cost class.

f. Negotiating Rational Delays

Delay can be coming from various situation or issues. When the project is surely to

be delayed, immediately call the team and re-plan, or, if needed, re-schedule new

timeframe of finishing the project. By directly acknowledging the cause of delay, the

faster it is to re-route for a more suitable approach.

g. Team Meetings

Project meetings involve communicating with participants and stakeholders,

discussing issues, creating proposals and approving or rejecting offers.

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 6. PROJECT OR PHASE CLOSE

This is the last phase in the project lifecycle. Closeout begins when the user accepts the

project deliverables and the project oversight authority concludes that the project has

meet the goals established. In context, the project has finally met its goal when the

students concluded to acknowledging the taught subject is retained and applied by

them.

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I. Project Title: Empowering BukSU College Students Through Personal Finance Webinar

II. Participants: BukSU Talakag Campus – 3rd Year Students

IV. Date of Implementation: November 30, 2021

V. Rationale
Introduction / Rationale:

Education in the Philippines is highly valuable for every Filipino family. For us, a family can be
considered succesful when children are able to finish college and have gotten a job right after. As most
Asian people tend to expect from everyone in the society, success is only limited to getting a degree
and having a job that pays well enough to sustain the daily expenditure. That has become the mentality
that is normalize and has become an issue that students need to really defy in order to become more
than what is expected of them.

Education, if taught well in schools will surely mold students to becoming more and competent enough
to progress in the corporate world. With this, students must already be equipped enough to ensure
literacy on personal finance and other areas that would make students become great individual and
great leaders in context to finance-related decision-making.

Financial literacy in the Philippines remains low, with only two percent of Filipino adults able to
correctly answer questions on the topic, according to the Bangko Sentral ng Pilipinas (BSP). The BSP
cited results from a World Bank study, which asked seven questions related to financial literacy
including how to compute for compounding interest, inflation, and diversification of investments.

The World Bank study stated earlier also found that financial management habits formed during
childhood tended to stay with us into adulthood. This means that if a child is raised with the right
attitude and mindset about money and savings, they tend to be smarter about finances as they grow.
This is evident in their choices as consumers, and how they plan for retirement.

In 2014, another World Bank study also found that 20 million Filipinos save money, but not all of them
had bank accounts. The following year, an Asian Development Bank (ADB) study said that the country
did not have a national strategy for financial education.

With this, DepEd issued its Financial Education Policy under DepEd Order No. 022, Series of 2021
which aims to help learners and teaching and non-teaching personnel to make sound financial
decisions by making Financial Education an essential part of school lessons and activities for learners
and provision of capability building opportunities for teaching and non-teaching personnel.

“Financial Education is vital in developing a financially literate citizenry, empowering them to make
wise financial decisions, take advantage of economic opportunities, and achieve financial health”
explained Education Chief Leonor Magtolis Briones. “Financial literate citizens can contribute more
productively to inclusive growth and be more effective agents of nation building,” she added.
Under the said policy, the National Educators Academy of the Philippines (NEAP), the Teacher
Education Council (TEC) – Secretariat for teachers-in-training, and the Bureau of Human Resource and
Organizational Development (BHROD) will give appropriate capacity and competency building
activities to teachers, leaders, teachers-in-training, and non-teaching personnel.

Meanwhile, learners will be taught key financial concepts and skills on earning, saving, spending,
budgeting, donating, investing, planning, consumer protection and entrepreneurship. They will also
learn and understand the value of money and resources, how they are acquired, how to plan and
manage assets, and how to save and share.

With the issue being nationwide and is experienced by almost all life stages, be it in grade school life
or adulthood. The Department of Education made it their vision to ensure children be already equipped
and enabled to ensure financial literacy is practiced.

In 2017, President Duterte signed the Republic Act 10931 or the Universal Access to Quality Tertiary
Education Law to help qualified disadvantaged students and those residing and studying in cities and
municipalities without public universities to support their studies. The TES-1 covers the tuition and
other school fees in private HEIs while TES-2 is for education-related expenses and allowance for room
and board costs. It also offers an additional subsidy worth P30,000 to TES beneficiaries with disabilities,
which is the TES-3A category.

Given the impending situation on Filipinos being unable to come up with a more smart spending and
saving habit, it is imperative that students be given more trainings and lectures on the subject.

VI. Objectives
A. Main / General Objectives
1. To address misconception on how it is to be financially literate.
2. To enable students practice and make good financial decision-making.
2. To adress current student dillema on financial literacy in today’s economy.

B. Specific Objectives:
1. To promote smart spending and saving habits.
2. To encourage student in coming up with as personal finance summary.
3. To help student build a financial goal that they will be able to attain.

VII. Expected Output

The following are expected after the event:
1. Conduct trainings on Financial Literacy Management Skills.
2. To introduce ways to saving money at an early stage.
3. To improve one’s standard of living by understanding smart decision-making ability.
IX. Program Content

Target Date: November 30, 2021

Location: Virtual Plenary

Description:
The 3rd year business students under the Project Management Class shall have a half day seminar
on Financial Literacy Program virtually. In the event, the Student Body Organization shall invite the
scholars who will participate in the said activity.

Activity Venue Date/Time Materials Expected Persons

Output Involved
PART I. Talakag, November Letter Present the TBA
1.Campus Bukidnon 8,2021 Request to purpose of the
visit to the Project to
BukSU Campus- partners and
Talakag in-Charge scholars
Campus
2. Send November Bondpaper To Write and TBA
letter to 15,2021 and Printer ask permission
partners. of project
partnership
PART II. Laptop, TBA
Program Virtual Topic
Proper Plenary Material,
1.Opening 9:00-9:05 Certificates
Prayer- AVP

2. National 9:05-9:10
Anthem-
AVP

3. Welcome 9:10-9:15
Address

4. 9:15-9:20
Introduction
to the
resource
speaker
5.Speackers 9:20-10:30 Presentation of TBA
Time for materials for
Financial Financial
Literacy Management

6. Open 10:30- Answers TBA

Forum 11:50 students’
questions on;
 What to do?
Where to go?
When will be?
PART III 11:50- Implementation
Closing 12:00 of the
Program presented
project.

GAME PRIZE

ITEM/S QTY UNIT AMOUNT TOTAL

Participants 4 pax 20 200

Total 200

XI. Recommendation

Financial planning involves educating Filipinos on the different types of goals that they should
set: short-term, medium-term, and long-term. Short-term goals involve monthly living expenses that
need to be paid, or the person’s basic needs, including the setting-up of an emergency fund. In
contrast, medium term goals are those you want to achieve in one to five years like buying a house
or a car, while long term goals are those that take longer than five years to achieve.

To address the growing demand for more investments in the country, the financial industry advises
that Filipinos should save first and spend whatever is left after putting their savings aside.

Prepared by:

Teresita C. Agsimon
Project Management Student
Due to time constraints, students were asked to fill-in link for attendance and evaluation. Halfway
through the program, ice breaker was initiated thus giving of 200.00 GCash worth of prizes were
given as well.