Principles of Project Management

Business& Economics 700 Hits > 2010-06-14 04:40:16


Principles of Project Management
Principles of Project Management


Like other disciplines, project management has its own basic principles. These principles are valid for every kind of projects. A person new to the field of project management and thinking of taking a relevant course will benefit from knowing the following principles when he make an actual choice.


1. A project management should satisfy three conditions. First it should complete all project objectives within due date. Second, a project should be completed within original budget. Third, it should maintain a standard of quality that satisfies stakeholders.


2. Project management should be based on good planning. A detailed and precise plan is the essential factor for successfully managing a project. Planning should also accommodates changes in environment. A person in charge of the project should continuously update his/her plan in line with recent changes.


3. Project team members should share a sense of urgency. As managing a project is an endeavor against limited time and budget, team members should make concerted efforts to complete a project. A system should be in place to continuously remind team members of deadlines and objectives.


4. Transparent communication is indispensable. A project manager and team members should be crystal clear about the expected final outcome of a project and this is impossible without good communication. Any hint of vagueness about project objectives should be eliminated through good communication.


5. A project manager who is given balanced responsibility and authority is a must for a successful project. A project manager with many responsibilities but not sufficient authority or a project manager with little responsibilities but too much mandate both negatively impacts upon project outcome.


6. Successful management of a project cannot be guaranteed without the best staff. A project manager should be allowed to let go less than average people from project team members. Presence of the good workforce can compensate for lack of time or money. Needless to say, a project manager should foster an environment where team members have necessary tools and training.


7. The project status should be closely followed and shared among project team members. Important issues, progress and assumptions should be recorded and shared. Poor documentation is the same as no progress has been made with the project. Regular reviews of project status can enhance project quality and pin down problems before they get out of hand.


If you are considering to have a project management course, make sure to find out whether the above principles and relevant techniques are fully covered by the course. Good project management course should give you an opportunity to understand important principles of project management and to learn useful methods and tools to realize the principles while managing a project.







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