Principle 4: Allocation of project budgets This way, you won’t need to cut down on binge-watching true crime shows on Netflix. Not only will this stop you from spending too much time on it, you also won’t need to work overtime to meet the deadlines. You won’t have to scramble to add new deliverables midway through the project. There’s another benefit of having well-defined deliverables in advance. Looks like things are finally looking up for Jim from ‘Stranger Things!’ Without it, your project will fall apart faster than a Jenga tower! Principle 2: A clear project structureĪ key principle in a project management plan during the definition phase is the project structure. Since project management is a tool used to effectively manage a project, the principles of project management should apply to this definition.Īctivities such as responding to tickets or editing content, therefore, do not count as a project. Let’s take the definition of a project by the Project Management Institute: to qualify as a project, the work must be a temporary endeavor and its goal is to create value. The most basic principle is that there must be a project. Let’s take a look: Defining a Project Principle 1: Must be a project So what are the basic principles of project management that every project manager should swear by? Project management principles are fundamental concepts that you can use for successful project management. What Are The Principles Of Project Management?
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