Key Principles for Project Management Success

• Project managers should concentrate on completing the project on time, without incurring extra expenditure, and at the same time maintain quality standards.

• Systematic and detailed planning ensures the success of a project. Further the plan should be flexible enough to accommodate any future changes.

• Project managers should inculcate a sense of urgency in team members.

• Project managers should resist the temptation of shortcut methods to achieve project goals, as this may lead to failure and rework. They should follow successful project life cycle models even when there is pressure on resources.

• Project results and processes should be communicated in detail to all the team members.

• Projects should be implemented on a stage-by-stage basis so that any deviation can be identified and rectified.

• Projects should get clear approval from sponsors, stakeholders and the top management.  

• Before venturing into a project, the needs to be satisfied must be clearly identified and documented.

• Projects should be carried out at a normal optimum pace, until and unless expediting is critical. 

• Project managers should be given authority with responsibility.

• Project sponsors and stakeholders should participate actively in the decision making process.

• Project managers should communicate the achievement of project goals to the sponsors and stakeholders.

• Recruitment or selection of competent, well-qualified and dedicated personnel is important for the success of the project.               

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