ASSIGNMENT#1
SUBMITED BY:
IRSHAD ALI
SUBMITED TO:
MR. MUHAMMAD AHSAN
SZABIST LARKANA
There are 12 Project Management Principles
1- Stewardship:
Be a diligent, respectful and caring Stewardship;
Stewardship of the environment is everyone's
responsibility.
Conducting, supervising, or managing of something
especially the careful and responsible management
of something entrusted to one's care is stewardship.
2- Team
Create a collaborative project team
environment;
Ensuring the team has everything the need to
complete the tasks.
Assembling and managing a project team is an
essential component of project management.
3- Stakeholders
Effectively engage with stakeholders;
Identify stakeholders and analyze their
interests and influence
Develop and maintain a stakeholder strategy
and communication plan
Effectively Engage with the executive,
sponsor and higher management to gain
commitment and to manage interests and
expectations
4- Value
Focus on value;
In the broadest sense, value management can be
defined as a process of delivering some benefit to a
client. When we talk about project implementation, delivery of
expected results and organization of activities, value
management concerns the benefits that are derived by the customer
from the successful implementation of a given project.
5- Systems Thinking
Recognize, evaluate and respond to system interactions;
As project managers begin to think about the goals
of the project, they should also think about how
the finished product meets customer needs, how it
satisfies corporate goals, how it compares to
competitive products, and it might be managed so
that it motivates co-workers. Within this broader
system project managers must also be sensitive to interactions
between the organizational disciplines, the political aspects, and the
cultural aspects of the project environment.
6- Leadership
Demonstrate leadership behaviors;
The knowledge, skills, and behaviors needed to
guide, motivate, and direct a team, to help an
organization achieve its business goals.
Leadership skills are the abilities that you use to
guide coworkers toward successful outcomes with
workplace objectives. Some of the most common leadership skills
include:
*Creativity * Communication * Motivation
* Positivity
7- Tailoring
Tailor based on context;
The act of choosing the processes, related
tools, techniques, inputs and outputs and
life cycle phases of project carefully. Make sure you have
appropriate processes, inputs and outputs.
Tailoring Considerations
1- Knowledge & requirements management
2- Validation and control
3- Development approach
4- Stability of requirements
5- Governance
8- Quality
Build quality into processes and deliverables;
Project quality management encompasses the
processes and activities that are used to figure
out and achieve the quality of the deliverables
of a project.
Quality is simply what the customer or
stakeholder needs from the project deliverables.
Managing the process of project quality
involves many things, such as setting quality
targets for your team to meet, defining how to
measure those quality targets and reporting on
them.
9- Complexity
Navigate Complexity;
Complexity within projects is a result of
the organization's system behavior,
human behavior, and the uncertainty at work in the organization or its
environment.
Portfolios, programs, and projects may contain elements of
complexity.
10- Risk
Optimize Risk Responses;
Identify Risks is the process of
identifying individual project risks as
well as sources of overall project risk,
and documenting their characteristics.
The key benefit of this process is the
documentation of existing individual
project risks and the sources of overall
project risk.
11-Adaptability & Resilience
Embrace adaptability and resilience;
Adaptability and resilience is one of the most
important principles that guide the way we
execute projects. When considered correctly,
they improve the ability of teams to bounce
back from failures, deliver faster, and adapt to
changing conditions during project execution.
12-Change
Enable change to achieve the
envisioned future state;
Acknowledge and understand the need for change.
Change is unavoidable, but it is up to managers to ensure the changes
go as painlessly as possible.
If project executives are not ready to accept unexpected changes,
there will be no point in making modifications in the current work
procedures, because you are likely to encounter the problem of
project mismanagement.
