Project Management Principles

Question 1

Stewardship

Answer 1

Act of taking care of managing something. Stewards act sensibly with integrity, care, and trustworthiness, and compliance

Question 2

Team

Answer 2

Create collaborative project team environment

teams are diverse in skills, knowledge and experiences

Question 3

Stakeholders

Answer 3

Engage stakeholders proactively to the point needed to produce satisfaction

• define how, when, and how often stakeholders are engaged

Question 4

Value

Answer 4

Continually evaluate and adjust project alignment to business objectives and intended values

• value is ultimate indicator of project success
• value is subjective

Question 5

Systems thinking

Answer 5

Recognize and evaluate and respond to systems interactions

• a system is a set of interacting and interdependent components that function as a unified while
• holistic view of how project parts interact with each other and external systems
• project works within larger systems like the business

Question 6

Leadership

Answer 6

Demonstrate and adapt leadership behaviors to support individual and team needs

• leadership is not authority
• good leaders keep team motivated
• leaders are trustworthy

Question 7

Tailoring

Answer 7

Tailor based on context - each project is unique

• design project methods based on needs of project

Question 8

Quality

Answer 8

Meeting acceptance criteria for deliverables

• quality is about satisfying stakeholder expectation
• quality includes performance,
  Conformity, reliability, resilience, satisfaction, efficiency, sustainability

Question 9

Complexity

Answer 9

Outcome of human behavior, system interaction, uncertainty and ambiguity

Question 10

Risk

Answer 10

Optimize risk reports
- uncertain event or condition that if occurs can have positive or negative effects
- risk response should be based on severity of the risk

Question 11

adaptability and resiliency

Answer 11

Ability to respond to changing conditions and respond quickly to a setback or failure
- use short feedback loops to adapt quickly
- continuous learning
- open communication
- embrace and observe and manage to keep a project moving

Question 12

Change

Answer 12

Prepare those impacted for acceptance to go from current state to intended future state

• resistance from stakeholders is common
• too much change at once can cause contention or resistance
• to remain relevant, you must change
• motivate don’t force