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12 Best Project Management Principles

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Project management can be intimidating, especially if you've never done it before and haven't had any training or advice. Apart from the actual project management labour, figuring out language, tools, and processes can be tedious. But how does one obtain the necessary information, skills, tools, and procedures to be an effective project manager? The uniqueness of a project refers to the fact that all aspects of the project are intended to contribute to a specific goal that isn't a regular component of the company's operations.

 

What should be the Project Structure?

Quality, Resources, and Time are the three most important factors in project management. In most cases, a project structure can be successfully established by considering the following factors:

  1. Milestones of Project - Milestones specify certain phases of your project, as well as the expenses and outcomes associated with them. Milestones are important junctures in a project's development. They are established after a specified number of related task packages have been identified. A sub-goal is achieved as a result of this set of task packages.
     
  2. Order and Time of a Project - A flowchart is a useful tool for visualising the start, end, and sequence of work packages in a single diagram.
     
  3. Goal of a Project - When it comes to creating a project goal, an answer to the question "What needs to be done" is usually a good place to start. The answer to this query is the project structure plan. Work packages, which are enclosed work units that can be assigned to a staff resource, make up this design. The project structure is represented by these work packages and their specific links.

 

Project Management Principles for newbies to follow

The project management principles we'll be discussing aren't set in stone. You may need to tweak some of our suggestions to fit your situation, but these project management fundamentals should get you started. 

There's a lot to learn, far more than we can include into a single blog article, but if you follow these twelve guidelines, you'll be well on your way.

 

  1. Be open and honest -
    Transparency in project management refers to the creation of a system that allows all team members to simply and quickly access all important project information. Transparency in projects is quite simple to achieve, especially if you use the correct project management software. Allow everyone to see the overall picture, make project data available to your entire team, provide good communication tools, and share calendars with team members and even external stakeholders to create or improve project transparency. Transparency in the project results in better outcomes for both the team and the project.
     
  2. Make a risk analysis -
    A risk assessment acknowledges the possibility of things going wrong. It's better to identify and mitigate project management risks early on in the project rather than being caught off guard later. Inquire with your coworkers about the risks they believe you should be aware of. You won't be able to eliminate all risks from your project, but being prepared for them will help you avoid failure.
     
  3. Make a communication strategy -
    From the start of your project, explain and enforce clear communication guidelines. Make sure everyone on the team understands why communication is important in project management and how to use the technology you've chosen, whether it's email, text messaging, a chat service, or a combination of these. You should also establish clear expectations for the types of information that should be provided and who should be notified in particular situations. Be sure to model the type of communication you anticipate from all stakeholders as a project manager.
     
  4. Prioritize and set deadlines ahead of time -
    Priorities tell you what to concentrate on, while project milestones show you where you are in the process. When you're working on a project, it's easy to get sidetracked from the main stuff by minor details that seem critical at the time. If a disagreement arises, you'll already know where to direct your team's attention if you identify your task priorities from the start of your project. When you're immersed in the intricacies of a project, it's also easy to lose sight of the big picture. Identifying milestones early in the project planning process will help you determine if you're on track. It's also helpful for morale to recognise milestone accomplishments. If there is a visible sense of progress on the project, your team will be more motivated.
     
  5. Get to know your numbers, budgeting and scheduling should be done with care -
    Every project has a finite number of resources, and every project manager has a finite number of resources. It nearly goes without saying that you should carefully manage your financial resources, provide some room for unanticipated charges, and implement acceptable cost-cutting measures over the length of your project. Your project budget is intrinsically tied to your project timetable; if your timeline is messed up, your project budget will most likely be messed up as well. Setting up a system of accountability is an important part of assigning individual responsibility to team members. You'll need a system that allows you to manage task delegation and project deadlines, as well as allow each team member to see their contribution in the context of the overall project.
     
  6. Make a list of your deliverables -
    You can specify your project deliverables once the project's goals and objectives have been established. If the customer's goal is for end-users to manage their own content, the deliverables can include content management software as well as training materials for staff and end-users on how to use the newly developed software.
     
  7. Have a clear understanding of your team's roles and duties -
    A lack of clarity regarding roles and responsibilities is one of the most common sources of uncertainty and stress on a team. Boundaries are crossed and unneeded confrontations emerge when members of the project team are unsure of their duties or how those roles connect to those of others in the team. It is your obligation as a project manager to clearly define each team member's position in order for everyone to work successfully together.
     
  8. Strategy for Getting Things Started and Getting Things Done -
    It is critical to have a project launch and execution strategy. Preliminary work for a project can be divided into four phases: establishing a business case for the project, performing feasibility reports, assuring project stakeholder participation, and preparing a project launch agreement. A project kickoff meeting is the first step in project execution. This meeting is held to share the goal and plan, as well as to allocate jobs and other duties. During the execution phase, all errors, repairs, and modifications must be documented.
     
  9. Set Goals and Objectives -
    Setting objectives is critical to the success of any endeavour. Your project's goals and objectives should be well-defined so that there is no ambiguity and project planning may proceed as planned. Goals should be specific, attainable, and measurable. Great buildings can't be constructed on shaky foundations, as the saying goes. As a result, the core of any project is its aims and objectives. Goals can be of 3 types: Realistic, Clear and Measurable.
  • Realistic– Can we achieve this goal in the time and resources we have available?
  • Clear– Do we understand exactly what is being asked of us? Is everyone in agreement?
  • Measurable– Are there any concrete indications that we may use to evaluate each goal?

 

  1. Assist in the creation and maintenance of organisational alignment -
    What strategies can we use to achieve and sustain organisational alignment? There are two perspectives on this.
  1. The employee-focused view - Encourages managers to assess how effectively the employee fits into the organization's vision and mission, as well as the person's individual role, professional goals, team membership, and organisational vision and mission.
  2. The organizational-focused view - emphasises the importance of numerous key components of the organisation working together. The purpose, strategy, capabilities, structure, and systems of the organisation should all be in sync.

You may not have control over all of these aspects as a project manager, but to the degree that you can influence change, you should use these organisational alignment concepts for a more effective project.
 

  1. Maintain a formalized structure -
    If the project does not have a specified structure, it may proceed in any direction due to a lack of effective control. As a result, a project should have a defined team, a formal structure, and good planning. All of this helps to guarantee that the project is properly prioritised and managed.
     
  2. Measuring and monitoring of the progress -
    You'll establish critical project management KPIs in the form of, as part of your project planning. KPIs are Quality, Project Timeline and Budget. Throughout the life of your project, you should maintain track of project progress and monitor your KPIs on a frequent basis to catch difficulties and make timely improvements. When your KPIs show that the team has met a target, don't forget to rejoice!

 

Conclusion - The concepts described above aren't the only ones that can help your project succeed; there's a lot more to project management than that. These ideas, on the other hand, will provide you with a road map to success. If you prioritise your team members and make sure they understand the goals, you'll be well on your way to becoming a STAR project manager. When it comes to project management, there's a lot to learn, but these twelve project management principles are a terrific place to start. If you strive for clarity in all aspects of project management and put your team's wellness first.
 

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