Project Management Principle – Stakeholder The importance of stakeholders is highlighted by the project management principle of stakeholders. Anyone or anything with a direct or indirect interest in the project’s success is considered a stakeholder. If you want your project to succeed and keep producing good results, you need to know who the stakeholders are and how…
Project Management Principle – Value In project management, the Value concept is all about making sure that the project gives value to its partners. This means knowing the needs and demands of partners and making sure that the project’s goals and results meet those needs. Under this concept, it is the project manager’s job to find out…
Project Management Principle – System Thinking System Thinking is a project management concept that focuses on knowing how the different parts and processes of a project relate to each other and how they all work together to make the project a success. Under this concept, project managers are expected to look at the whole project and see…
Project Management Principle – Leadership In project management, the Leadership principle is all about how well project managers can lead and handle their teams to reach project goals. Under this concept, project managers are expected to give clear directions, keep their teams motivated, and create a good work environment that encourages teamwork, creativity, and new ideas. In…
Project Management Principle – Tailoring In project management, the “tailoring” concept stresses how important it is to change project management methods, practises, and tools to fit the needs of each project. Under this concept, project managers are urged to take an open and changeable approach to project management that takes into account the size, complexity, risk level,…
Project Management Principle – Quality In project management, the “Quality” concept talks about how important it is to meet or exceed client standards by giving them a high-quality project product or service. Under this concept, project managers must make sure that the project is finished to the stated quality standards and meets the wants and demands of…
Project Management Principle – Complexity The principle of complexity is an important part of project management. It acknowledges the difficulties that come with managing complex projects and stresses the need for a customised approach. Under this theory, project managers must realise that some projects are more complicated than others and need a different way of managing them….
Project Management Principle – Risk The Risk principle is an important part of project management because it shows how important it is to find, evaluate, and handle possible risks that could affect project goals. Under this theory, project managers must find possible risks and issues that could affect the project, figure out how likely they are to…
