Mudassir Iqbal

A principle is usually defined as a statement of:

  1. moral or ethical value;
  2. agreed conduct; or,
  3. an underlying law or assumption

PMI’s guiding definition of a principle is:  
A statement that captures and summarizes a generally accepted objective for the
practice of the disciplines and functions of portfolio, program, and project management.

These 12 Project Management Principles include stewardship, teamwork, stakeholder engagement, value creation, systems thinking, leadership, tailored approaches, quality focus, managing project complexity, risk management, building adaptability and resiliency, and change management.

* Stewardship/Leading refers to acting responsibly, with integrity, trustworthiness, respect and compliance.

* Teamwork involves working collaboratively to achieve shared objectives by creating a productive team environment

* Stakeholder engagement involves engaging stakeholders to contribute to project success.

* Value creation involves maximizing value by focusing on outcomes.

* Systems thinking focuses on taking a holistic view of a project.

* Leadership involves adapting to the situation and demonstrating the desired behavior.

* Tailored approaches involve adapting project development to the unique context of the project.

* Quality focus involves meeting acceptance criteria and ensuring effective project processes.

* Managing project complexity and risks involves identifying and addressing elements of complexity and risk.

* Building adaptability and resiliency involves responding to changing conditions and recovering quickly from setbacks.

* Finally, change management involves helping individuals, groups, and the organization transition from the current state to a future desired state.

Principles of Project Management And General Management Principles.

In project management, there is an overlap between project management principles and general management principles. Here’s a breakdown of how they overlap:

  • Guidance for navigating complexity: Both project management and general management principles can provide guidance for navigating complexity. This can include recognizing, evaluating, and responding to system interactions or optimizing risk responses.
  • Focus on delivering value: Both projects and businesses in general focus on delivering value. The methods may be somewhat different in projects as opposed to operations, but the underlying principle associated with focusing on value can apply to both.
  • Delegating decisions: Both project management and general management principles can involve delegating decisions as far down in the hierarchy as possible. For this to work, every person has to know what end result the management is aiming at.

Overall, project management principles and general management principles overlap in several areas, including guidance for navigating complexity, focus on delivering value, and delegating decisions. This overlap can help ensure that projects are completed successfully and that businesses are run efficiently.

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Details on 12 Project Management Principles

In summary, successful project management requires a holistic approach that encompasses a range of principles and practices. This includes stewardship, collaborative teamwork, stakeholder engagement, a focus on value and outcomes, systems thinking, effective leadership, tailored project development approaches, quality management, navigation of complexity and risk, adaptability and resilience, and effective change management. By applying these principles and practices, project teams can deliver successful outcomes that meet the needs and expectations of stakeholders while maximizing value and minimizing risk.

Further Reading

The Project Management Institute has articulated 12 Project Management principles in the PMBOK® Guide – Seventh Edition.

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