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Key Rules Of Project Management
Key Rules Of Project Management
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Joined: 2022-11-10
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If you happen to're looking for guidance that will help you manage your project with added confidence, then this article will help you. Below I discuss seven key principles, based upon project management framework, designed to improve the likelihood of your project succeeding.

 

 

 

 

1. Enterprise justification: every project ought to lead to a worthwhile return on investment. In different words, we have to understand the benefits that a particular project will bring, earlier than committing ourselves to any significant expenditure. In the course of the lifecycle of a project, however, circumstances can change quickly. If at any level it turns into clear that a return on make investmentsment is now not feasible, then the project must be scrapped and no more cash wasted.

 

 

 

 

2. Defined roles and responsibilities: everybody working on the project must understand the character of their containment: for what's each person responsible, and to whom are they accountable? Without clear roles and responsibilities, nobody will know exactly what she or he is supposed to be doing (and eachbody will pass the buck on the first sign of trouble). In such a chaotic environment, the progress of the project will be critically jeopardised.

 

 

 

 

3. Manage by exception: project sponsors should keep away from getting too bogged down within the day-to-day running of projects and instead enable the project manager to concentrate on this area. Micro-management by a sponsor is a hindrance, not a help. Project sponsors should set clear boundaries for value and time, with which the manager should work. If he/she can't provide the agreed deliverables within these constraints, issues must be escalated to the sponsor for a decision.

 

 

 

 

4. Manage by stages: break the project up into smaller chunks, or stages. Each stage marks a point at which the project sponsor will make key decisions. For example, is the project still worthwhile? Are the risks still acceptable? Dividing a project into stages, and only committing to at least one stage at a time, is a low risk approach that enables the sponsor to manage by exception.

 

 

 

 

5. Deal with products: it is vital that shoppers and customers think careabsolutely about the products, or deliverables, they require, before the project begins. The clearer they can be about their requirements, the more realistic and achievable the plans that can be produced. This makes managing the project much easier and less risky.

 

 

 

 

6. Study from expertise: do not risk making the same mistakes on each project; consider why certain elements went well or badly, then incorporate the lessons realized into your approach to your subsequent project. Humans have an amazing capacity to study, but when it comes to repeating errors made throughout previous projects, we all too typically fail to study the lessons.

 

 

 

 

7. Tailor to suit the environment: no matter project management methodology or framework you favour, it must be tailored to suit the needs of your project. Moderately than blindly following a technique, the project manager should be able to adapt procedures to satisfy the demands of the work in hand. How you plan on a -week project is likely to be very different from how you plan on a two-year project

 

 

 

 

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