Basic Principles of Project Management Managing a project is a difficult thing, but if you have the right planning and monitoring, it will be completed on time without any difficulty. The following is a list of the important factors of project management
Basic principles of project management
Division of Work – Work must be divided between individuals and groups who aspire to their skills.
Authority and Responsibility – The authority defined here is the right to give orders and responsibility means to be accountable.
Discipline A successful organization requires the combined effort of the workers. Sanctions must be applied wisely to encourage this joint effort.
Unity of Command – Workers should receive orders from only one manager.
Unity of direction- the whole organization should move towards a common goal in a common direction.
Subordination of individual interests to general interests – the interest of one person should not take priority over the interest of the organization as a whole.
Wages – Many variables, such as cost of living, supply of qualified personnel, general working conditions, and business success, must be considered when determining a worker’s wage rate.
Centralization – Centralization means reducing the importance of a secondary role.
Scalar chain- The manager in hierarchies is part of the scalar chain.
System – For the sake of efficiency and co-ordination, all materials and people associated with a particular type of work should be treated as equally as possible.
Equality – All employees should be treated equally as possible.
Staff tenure stability – Retaining productive employees should always be a high priority in management.
Initiative management should take steps to encourage worker initiative, which is defined as a new or additional work activity carried out through self-direction.
Teamwork spirit – management should encourage harmony and general good feeling among employees
Develop project management skills
Project management is all about maintaining a balance between time, cost, and resources and using them effectively to achieve maximum productivity. In order to develop good project management skills, you must be aware of what needs to be done on the job. I have tried to jot down some aspects that you need to keep in mind if you want to hone your project management skills:
Define a detailed and comprehensive project plan (yes it will change. But having a well-thought-out comprehensive plan allows for a strong start)
Communicate (not just the initial plan, but consistently throughout the life of the project. Diversity in today’s teams makes the communication plan indispensable to the project)
Find and identify project risks and dependencies early (make sure all perceived risks and dependencies are recorded early. Again, these will change over time, but they should be identified and communicated to everyone)
Use accurate metrics to track project status (reports not only show where the project has been, but well-designed accurate reports can also allow the project manager to extrapolate the progress and future direction of the project)
Do use efficient processes (Efficient processes get their team working on the same small page. start and let the process evolve. This will greatly increase the probability of successful adoption of the process with minimal setbacks.