Principles of Project Management

Running head: PRINCIPLES OF PROJECT MANAGEMENT
Principles of Project Management
Name of the Student
Name of the University
Author Note

1PRINCIPLES OF PROJECT MANAGEMENT
In the current context I have seen that number of businesses are increasing with the
time as the functions regarding the businesses are improving which are making businesses
very much easy to handle. In this context it has been understood that for this growing
businesses, perfect project management is very much crucial aspect (Kerzner & Kerzner,
2017). Establishing this businesses can be compared with a full-fledged projects. Thus in this
aspects proper project management practices can be utilised for successful deployment of the
project which I have learned from my previous assessments. By following the project
management practices the project can be complete in more efficient way. The proper
practices of project management can help the projects to develop a risk management plan
(Todorović et al., 2015). From my previous learnings I have understood the importance of the
risk assessment in the projects. Risk management helps projects to ensure the project safety
in best way which is a part of the proper project management. Thus proper risk assessment
must be done prior the execution of the project. In this context I will be discussing the project
management knowledge that are gained by me from the previous learning modules (Kliem &
Ludin, 2019). In the previous modules I have worked on the project selection methods for the
case study of Uber. Thus in the following section of this report I will be describing the project
management practices, competencies and executions of the project team for failure or success
of the project.
It has been assessed by me that for a proper implementation of the project a detailed
work plan is required. Thus regarding the aspects of project management a perfect project
plan must be develop which is very much essential for completing the project within the
deadline. I have also learned that perfect communication is also an important aspects of all
the projects upon which success or the failure of the project depends. An effective
communication is very much important as this helps to effectively complete the projects
(Verzuh, 2015). In this aspects of project related communication effective communication

2PRINCIPLES OF PROJECT MANAGEMENT
need to be established with the project members, stakeholders, project clients and with the
managers. As per me a proper type of communication will assist to reduce the chances of
overall error in the project. With the project related communication project leadership also
plays an important role which has been learned by me (Carvalho & Rabechini Junior, 2015).
The project leadership is very much important aspect for the project managers as the
leadership quality of them will ensure that each of the processes of the project management
will execute with complete effectiveness. Project related knowledge is also an important
factor in this case. Here the project related knowledge means the essential knowledge which
are specific for the individual projects. This knowledge are very much essential for successful
completion of the project (Larson & Gray, 2017). From my learning modules I have also
determined that the quality of the leadership is also crucial in this case. Leadership quality are
important for the projects in the sense that it helps to manage the project related risks very
efficiently. If the project leader is efficient enough then he/she can effectively manage the
potential risks which are related with the project.
Apart from this aspects project management also provides important solution for
successful handling of the project. To complete project successfully, handling of the project
proper management of the teams are very much crucial (Fleming & Koppelman, 2016). This
project teams can be handled very much efficiently by utilising the principles of project
management. In this context it has been assessed by me that leadership qualities plays an
important role in this case for having a good qualities of leadership the important aspects are
the problem solving skills, integrity, proper communication skills and an excellent decision
making skills. In such of the cases project leaders also need to have a proper communication
channel with the project team members (Mathiaszyk, Volkmann & Read, 2019). In this
communication channel not only the project manager will communicate with the team
members of project but also the project manager must be accessible by his/her fellow