Project Management Principles

As per PMI,

Project is a temporary endeavor undertaken to create a unique product, service or result.

Project Management is the application of knowledge, skills, tools and techniques to project activities to meet project requirements.

In our daily routine we perform project activities normally but we don’t aware about it. Each big task we can think as a project. E.g. one of our family member has a coming marriage in near future. Marriage is a project to accomplish within defined plan, scope, time and cost. We can think each big task as a project and finish it by its principles to make it successful.

Project Management has mainly these Principles:

Integration Management - In Project, different types of things need to be integrated to make one single solution.  

Scope Management – Scope should be maintained throughout the Project execution.

Time Management – Each module delivered on time to maintain the project on time.

Cost Management – Maintain the budget that not go out of planned budget.

Quality Management – Work should be delivered with quality and it should be maintained in whole project flow.

Human Resource Management – Team should be managed in efficient and effective way.

Communication Management – At the right time, right words should be communicated or delivered to recipients.

Risk Management – Identify and manage risk by proper plan to prevent the project from uncertainty.

Procurement Management – Handle the vendors with effective manner.

Stakeholder Management – Try to fulfil customer’s expectations.

The principles we apply to activity in our daily life may be same as above but difference is project has defined start and end date while activity is ongoing process.