Project Management Principles

Question 1

What is a Principle?

Answer 1

they serve as foundational guidelines for strategy, decision making, and problem solving.

standards, methodologies

guidance on behavior of people in projects

Can, but don’t necessarily reflect morals

Question 2

What are the 12 principles that you should understand?

Answer 2

1 Steward - be diligent + respectful
2 Team - create a collaborative PM environment
3 Stakeholders - effectively engage
4 Value - focus on it
5 Systems Thinking - Recognize, evaluate, and respond
6 Leadership -demonstrate it
7 Tailoring - based on context
8 Quality - Build into process/deliverables
9 Complexity - navigate it
10 Risk - optimize responses
11 Adaptability/Resilience - Embrace!
12 Change - Enable as needed

Question 3

What is the purpose of the PMI Code of Ethics and Professional Conduct. What are the 4 Values

Answer 3

Code of ethics to establish moral conduct:

1 Responsibility
2 Respect
3 Fairness
4 Honesty

Question 4

How do you engage your stakeholders?

Answer 4

Keep them participating, actively engaged

Question 5

When can value be realized?

Answer 5

during, throughout, and after the project

Question 6

How do you define value?

Answer 6

quantitatively, or qualitatively

Question 7

what is the ultimate indicator of project success?

Answer 7

Value

Question 8

what does a business case contain/do?

Answer 8

• a business need
• project justification
• business strategy

Justifies the value

Question 9

how should teams view deliverables?

Answer 9

in terms of the value they bring

Question 10

who needs to look at the project as a set of related components?

Answer 10

everyone working on the project

Question 11

What is a big factor that determines if a leader is good

Answer 11

they motivate people towards a common goals and resolving conflict

Question 12

What is meant by a Quality pricniple?

Answer 12

building quality into processes, relationships, etc, etc, to derive a quality deliverable/outcome.

consistently meet or exceed acceptance criteria.

Question 13

what is one way to try and deal with complexity

Answer 13

forecasting issues

Question 14

what are some of the common sources of complexity?

Answer 14

Human Behavior
System Behavior
Uncertainty/Ambiguity
Technological innovation

Question 15

what are good tactics to support adaptability/resiliance?

Answer 15

short feedback loops
continuous learning
small scale experiments
past knowledge

Question 16

Why can enabling change be challenging?

Answer 16

not all stakeholders embrace change. can lead to contention

Question 17

when thinking about change, what are the major themes?

Answer 17

Almost all projects change something to the stakeholder.

Implement motivational tactics to enable and get change accepted by stakeholder.

implement change at increments, don’t do too much at once.

You don’t change, you go out of business.