Project Management Principles

Question 1

Principles

Answer 1

• serves as a foundational guideline that tell us how to strategise, make decisions, and solve problems
• professional standards and project management methodologies are based on principles
• they provide guidance for behaviour of people involved in projects
• 12 principles important for project management

Question 2

PMI Code of Ethics and professional conduct

Answer 2

• Code of ethics is related to Morals
• 4 values Responsibility, Respect, Fairness, Honesty

Question 3

12 Principles of Project Management

Answer 3

• Be Diligent, Respectful and Caring Steward (being a good person)
• Create collaborative project environment (give team support)
• Effective engagement with stakeholders (keep them informed, actively engaged)
• Focus on value
• Recognize, evaluate and respond to system interactions (scope will affect cost, cost will affect schedule, etc. etc.)
• Demonstrate good leadership (motivate team, lead team)
• Tailor based on context (tailor approach depending on type of project - Traditional, agile, hybrid)
• Build quality into processes (get actual deliverables in good quality)
• Navigate complexity (Permits, dealing with people)
• Optimize risk responses
• Embrace adaptability and resiliency (you will get hits, hurricanes, people sick, etc)
• Enable change to achieve the envisioned future state

Question 4

Principle: Create a collaborative project team

Answer 4

Note that project teams define their own processes to complete work. PM does not define “work” processes because he’s not an expert in the field. PM makes “project management” processes

Question 5

12 Principles of Project Management - Compact

Answer 5

1. Stewardship
2. Team
3. Stakeholders
4. Value
5. Systems thinking (interacting)
6. Leadership
7. Tailoring
8. Quality
9. Complexity
10. Risk
11. Adaptability & Resiliency
12. Change