10 Rules of Highly Successful Project Management (2024)

Role of the Project Manager | By Lisa Ahn | Read time minutes

10 Rules of Highly Successful Project Management (1)

The Project Management Institute defines project management as the application of knowledge, skills, tools, and techniques to project activities to meet project requirements (PMBOK Guide, 3rd Edition, Project Management Institute Inc., PN, 2005). To sum up, project management is all about making the project happen. It is a discipline of initiating, planning, executing, and managing resources with the goal of completing specific deliverables within budget and time.

A successful project manager is one who can envision the entire project from start to finish, and have the prowess to realise this vision. To keep pace with business and IT, project managers need to make their management practices more flexible.

1. Be Agile

Traditional project management methodologies are proving to be too rigid, bureaucratic, and time consuming for today's dynamic business environment. In fact, these methodologies can work against IT departments. Today, you need to respond with agility to rising issues and changes. The formal documentation and processes involved in traditional project management can weigh you down.

2. Do Not Micromanage

The ideal project managers are leaders, not control freaks. Some project managers can be overly analytical and invest too much time in perfecting details, when they should really focus on achieving milestones and the completion of the project. Flexible project management requires a balance of both the left and right brain, hard and soft skills.

3. Keep Improving Your Project Management Practice

Technology is always evolving to meet the changing needs of users. In the same way, your approach to project management should evolve alongside business and IT processes. Communicate with your team, client, and business partners, as to how you can improve your project management practices.

4. Ongoing Planning

The single most important activity of project managers is planning. Planning must be detailed, organised, and require team participation. And like the real world, plans always change and reprioritise with situations. For this, plan, re-plan, and plan.

5. Work with a Sense of Urgency

Wouldn't it be great to work with an unlimited pool of time, money, and resources? Here on Earth, however, we have fixed 24 hours in a 7-day week, and we have been taught early on of the importance of spending within our means. Because projects are constricted with a set timeline, budget, and resources, it is of utmost importance that the project process is constantly being driven towards completion. Regular updates, meetings, and follow-ups are essential.

6. Visualise and Communicate all Project Deliverables and Activities

In short, the project manager and team must have a picture of the finished deliverables in the minds of everyone involved. This guides everyone in the same direction. Avoid vague descriptions at all costs, be specific, draw diagrams and pictures, and make certain everyone agrees with it.

7. Complete Deliverables Step-by-Step

The thought of climbing a mountain in one go can be crippling. But to see it as a succession of steps and peaks is less intimidating and more achievable. In the same way, you don't want to jump in a project with the intent of building all project deliverables at once. Work on each item step-by-step, get process reviews and approvals, and always maintain a sense of direction.

8. Healthy Risk Management

Assign a risk officer who will be responsible for detecting potential project issues. You want someone who has a healthy dose of skepticism:

  • All team members should not hesitate to report concerns or challenges.
  • Maintain a live project risk database that tracks all issues and resolutions.
  • Do not obsess. Assessing risks should not be your main priority. The last thing you want is to be wasting your time and resources on risk management, as it will prevent you from ever completing a project, let alone give you the courage to start it. Remember, you want a healthy dose of risk management, not a crippling one.

9. Open Communication

Communication is vital in all aspects of project management. Adhere to a policy of open communication, encouraging all members to voice opinions and concerns. This cuts through waiting games and significantly reduces the risk of mistakes, saving you time and money.

10. Never Lose Sight of the 3-Factors: Time, Budget, and Quality

While project management practices have changed to be more flexible and open, the foundation remains the same. Project success occurs when it is delivered on time, within budget, with a level of deliverables that are satisfactory to the client. The project manager's main role is to keep all team members aware of these big three - Time, Budget and Quality.

JNC Solutions is Southern California's premier provider of business software solutions. It is committed to delivering the best service to fulfil critical business needs in today's competitive environment. JNC provides custom and prepackaged applications that have a combination of strategic marketing, analytics, and exceptional design to help streamline complex operations and help leaders achieve their goals. Lisa Ahn serves as the Operations Director and writer for JNC Solutions. For more information visit www.jncsolutions.com

10 Rules of Highly Successful Project Management (2024)

FAQs

What are the 12 golden rules of project success? ›

PROJECT SUCCESS – 12 Golden Rules  Rule #1 Thou shalt gain consensus on project outcome.  Rule #2 Thou shalt build the best team possible.  Rule #3 Thou shalt develop a comprehensive, viable plan and keep it up-to-date.  Rule #4 Thou shalt determine how much stuff you really need to get things done.

What are the 12 principles of PMP? ›

These 12 Project Management Principles include stewardship, teamwork, stakeholder engagement, value creation, systems thinking, leadership, tailored approaches, quality focus, managing project complexity, risk management, building adaptability and resiliency, and change management.

What are the 7 C's of project management? ›

These seven dimensions (7C's) are: customers, competitors, capabilities, capital, channels, communication, and coordination.

What are the 10 steps of project management? ›

This paper will provide a high-level overview of the TenStep process and the purpose of the ten steps.
  • 1.0 Define the Work. ...
  • 2.0 Build the Schedule and Budget. ...
  • 3.0 Manage the Schedule and Budget. ...
  • 4.0 Manage Issues. ...
  • 5.0 Manage Scope. ...
  • 6.0 Manage Communication. ...
  • 7.0 Manage Risk. ...
  • 8.0 Manage HR.

What is the 100% rule in project management? ›

The rule applies at all levels within the hierarchy: the sum of the work at the “child” level must equal 100% of the work represented by the “parent”—and the WBS should not include any work that falls outside the actual scope of the project; that is, it cannot include more than 100% of the work.

What is the #1 rule of project management? ›

#1: Define your objectives

Without clear objectives, it can be difficult to measure the success of your project and determine whether or not it is on track.

What are the 14 principles of management? ›

Henri Fayol's techniques of management, known as the "14 Principles of Management," include division of work, authority, discipline, unity of command, unity of direction, subordination of individual interest to the general interest, remuneration, centralization, scalar chain, order, equity, stability of tenure of ...

What are the 12 steps of project management? ›

The 12 steps are
  • define the project.
  • list the tasks.
  • estimate the cost and time of each task.
  • plan the dependencies and longest route.
  • speed up the project plan if necessary.
  • create a Gantt chart (I love Gantt charts)
  • check you have the resources required.
  • think about risk.

Why are the 12 principles of project management important? ›

The 12 principles as laid down in the Project Management Body of Knowledge Guide (PMBOK) act like the rules for the entire project management process. Every project manager must adhere to these principles for the successful completion of a project and ensure that they are working in the right direction.

What are the 8 principles of project management? ›

Principle 1: Focus on outcomes, Principle 2: Plan realistically, Principle 3: Prioritise people and behaviour, Principle 4: Tell it like it is, Principle 5: Control scope, Principle 6: Manage complexity and risk, Principle 7: Be an intelligent client, Principle 8: Learn from experience.

What are the 6 P's in project management? ›

To put it in context, there are six critical characteristics PMs need to possess to execute projects well and advance in their careers. They include process, people, proficiency, passion, patience and perfection. In-depth knowledge of project management processes is critical to a PM.

What are the 5 principles of project management? ›

5 Project Management Principles Every Business Leader Should Know
  • Set clear objectives from the start.
  • Create a project plan.
  • Organize and manage resources.
  • Assess risks and changes throughout the project.
  • Monitor progress and performance regularly.
Jan 30, 2023

What is 10 knowledge areas of project management? ›

There are ten (10) key knowledge areas that a successful project manager should possess. They are integration management, scope management, time management, cost management, quality management, human resource management, communications management, risk management, procurement management and stakeholder management.

What are the 4 basics of project management? ›

Streamline your projects in one platform
  • Initiating: The goal for this phase is to define the project.
  • Planning: This phase includes developing a roadmap for everyone to follow.
  • Executing and Monitoring: In this stage, the project team is built and deliverables are created.

What is step 12 of the 12 step process in project management? ›

And then finally, we reach step 12, which is the project review. Often, people miss step 12, because they don't have time or they don't want to review it because some parts of it didn't go very well. But the only way an organization learns is through reviews and you must do a review.

What are the 5 project success criteria? ›

These characteristics can be used to identify a successful project:
  • Scope. The project's scope and objectives must first be established. ...
  • Schedule. The deadline that must be met for each project is one of its most crucial components. ...
  • Budget. ...
  • Client Goals. ...
  • Quality. ...
  • Team Goals. ...
  • Deliverables. ...
  • Resource Capacity.
May 18, 2023

What is the 5 project rule? ›

No more than five projects per time horizon.

It helps you plan your projects because it thwarts creating too-detailed plans than what's needed and creating plans for projects you're not going to be able to do in the time frame in question.

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