© The Author(s), under exclusive license to APress Media, LLC, part of Springer Nature 2023
M. DąbrowskiManaging IT Projectshttps://doi.org/10.1007/978-1-4842-9243-3_21

21. If You Want to Save Money, Invest in People

Marcin Dąbrowski1  
Nowy Wiśnicz, Poland

An investment in knowledge pays the best interest.

—Benjamin Franklin

The miser loses twice.

—Folk wisdom

A very interesting phenomenon is how various forms of illusory saving affect different aspects of the project: beginning with defining the right recruitment policy, through establishing salaries and the way of filling key positions or budgeting resources. For example, in order to save money, you might hire only “inexpensive” employees, people who lack experience and will have to be trained ...

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