For those who’re looking for guidance that will help you manage your project with added confidence, then this article will assist you. Under I discuss seven key principles, primarily based upon project management framework, designed to improve the likelihood of your project succeeding.

1. Business justification: each project should lead to a worthwhile return on make investmentsment. In different words, we need to understand the benefits that a particular project will bring, earlier than committing ourselves to any significant expenditure. Throughout the lifecycle of a project, however, circumstances can change quickly. If at any point it becomes clear that a return on investment is no longer possible, then the project ought to be scrapped and no more cash wasted.

2. Defined roles and responsibilities: eachbody working on the project must understand the nature of their involvement: for what’s every person accountable, and to whom are they accountable? Without clear roles and responsibilities, nobody will know precisely what she or he is meant to be doing (and eachbody will pass the buck at the first sign of hassle). In such a chaotic environment, the progress of the project will be severely jeopardised.

3. Manage by exception: project sponsors ought to avoid getting too bogged down within the day-to-day running of projects and instead enable the project manager to concentrate on this area. Micro-management by a sponsor is a hindrance, not a help. Project sponsors should set clear boundaries for price and time, with which the manager should work. If he/she can’t provide the agreed deliverables within these constraints, considerations have to be escalated to the sponsor for a decision.

4. Manage by phases: break the project up into smaller chunks, or stages. Each stage marks some extent at which the project sponsor will make key decisions. For example, is the project still worthwhile? Are the risks still acceptable? Dividing a project into levels, and only committing to one stage at a time, is a low risk approach that enables the sponsor to manage by exception.

5. Deal with products: it is vital that shoppers and clients think carefully concerning the products, or deliverables, they require, before the project begins. The clearer they can be about their requirements, the more realistic and achievable the plans that can be produced. This makes managing the project a lot easier and less risky.

6. Be taught from expertise: do not risk making the identical mistakes on each project; consider why certain points went well or badly, then incorporate the lessons discovered into your approach to your subsequent project. People have an amazing capacity to learn, however when it involves repeating errors made throughout previous projects, we all too usually fail to learn the lessons.

7. Tailor to suit the environment: whatever project management methodology or framework you favour, it must be tailored to suit the wants of your project. Fairly than blindly following a strategy, the project manager must be able to adapt procedures to fulfill the demands of the work in hand. How you plan on a two-week project is likely to be very completely different from how you intend on a -12 months project

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