Management Principle
Management Principle
1. Formal structure
Projects need to have a formalized structure, including processes,
procedures, and tools. If you’ve ever tried to complete a project
without a formalized structure (“off the books”), you know how
hard it can be to control it and provide the attention it deserves. A
project should have a project charter, project plan, and a designated
project team to successfully prioritize and manage the project.
2. Project sponsor
6. Risk management
• Since we cannot execute projects in a bubble, they all face some
risks. Risk can affect your resources, technology, or processes. It’s
important to manage risk to minimize or eliminate its impact on
your projects. This involves identifying, evaluating, and
monitoring risks and deciding upon action plans to implement if
they occur.
9. Communication
• If you’ve worked in project management for a while, you may
have heard the saying that project management is 90%
communication. A project’s success requires communication of
project activities, risks, issues, and status, both within the project
team and with other stakeholders. Communication is essential for
a variety of reasons, including:
• Keeping stakeholders engaged
• Coordinating tasks and schedules
• Decision-making and problem-solving
• Identifying and resolving conflicts
• Escalating risks and issues