Project Management Principles: A Detailed Analysis Report

This report delves into the core principles of project management, emphasizing the crucial skills and traits required for effective project execution. It highlights the importance of communication skills, organizational capabilities, a positive attitude, and honesty in project managers. The report also explores various project selection methods, including benefit measurement and constrained optimization, to determine the most suitable projects for an organization. It examines the significance of each trait and method in ensuring project success, providing a comprehensive overview of the key elements that contribute to efficient and successful project management. The report is well-researched, citing relevant academic sources to support its findings and recommendations.

Running head: PROJECT MANAGEMENT PRINCIPLES
Project Management Principles
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Competencies of Project Management:
During the project execution some important and crucial role is played from the end of
project manager so that successful execution of the project can be achieved (Hodgson & Paton,
2016). The project managers must be having some important traits so that the whole project can
be executed in a successful manner. By consisting these qualities the project managers will also
become quite effective for the procedures of the project management. In the context of project
management there are some of the important personal traits in which the project managers must
be proficient so that greater efficiency for the projects can be achieved (Henkel, Marion Jr &
Bourdeau, 2019). In this context the project managers needs to have some of the crucial traits
which are great communication skills, positive attitude, organizing capability and honesty. The
below section of this report will be discussing why the above discussed traits are very much
important in this context.
Communication Skills: The skills regarding communication is very much important as project
manager is needs to elaborate different aspects regarding the project (Muller & Turner, 2017). In
elaboration includes deadline of the project and important tasks that need to be executed in the
project. Proper communication is also crucial for updating the status of the project to all of the
project stakeholders. In this aspect the project manager need to have proper communication skills
so that the project can be elaborated successfully. Due to this factor the communication trait is
important in this aspect.
Organization: If a project needs to be successful there are various of aspects which need to be
executed in a proper way by the project manager. Here, the important aspects are the tasks,
deliverables, meetings and approvals. The project manager must be handling and organizing all

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the mentioned tasks in a proper way so that currently executing project becomes successful
(Harrison & Lock, 2017). Many peoples think that the organizing is quite an easy task but
actually it is a tough job for the project managers. Due to this factor organizing traits must be
held by the project managers.
Positive Attitude: For the project managers it is very much important that they always have some
positive attitudes. The project manager can consist both the negative and the positive attitudes
which can affect the overall project and this is also capable of making the project failure or faster
(Blok et al., 2015). Positive attitude of the project manager always reflects the better side of the
project managers. Positive attitude is important for faster and reliable completion of the project.
Due to this factor positive attitudes must be possessed by the project managers.
Honesty: For creating the trust among the employees honesty is very much important. By the
building the trust among the employees project can be succeeded easily. Due to this project
manager needs to honest and proper trust need to be built among the employees. For this reason
honesty is important so that execution of projects is done in an effective way.
Methods of Project Selection:
The methods of project selection are crucial in the aspect that it provides proper type of
project for a particular organization. In this aspect if proper project selection method is applied
then the project will be able to generate maximum of profit. It has been assessed that there are
mainly two types of method for project selection and these are the constrained optimization and
benefit measurement (Wu, Toussaint & Messer, 2017). Benefit measurement method of project
selection is important as by implementing this method overall acceptance for the project can be

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determined. Crucial processes for selection of project are the scoring model, cost-benefit ratio
and internal return rate.

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References:
Blok, V., Wesselink, R., Studynka, O., & Kemp, R. (2015). Encouraging sustainability in the
workplace: a survey on the pro-environmental behaviour of university
employees. Journal of cleaner production, 106, 55-67.
Harrison, F., & Lock, D. (2017). Advanced project management: a structured approach.
Routledge.
Henkel, T. G., Marion Jr, J. W., & Bourdeau, D. T. (2019). Project Manager Leadership
Behavior: Task-Oriented Versus Relationship-Oriented. Journal of Leadership
Education, 18(2), 1.
Hodgson, D. E., & Paton, S. (2016). Understanding the professional project manager:
Cosmopolitans, locals and identity work. International Journal of Project
Management, 34(2), 352-364.
Muller, R., & Turner, J. R. (2017). Project-oriented leadership. Routledge.
Wu, S., Toussaint, J., & Messer, K. D. (2017). Maximizing benefits in project selection: a hybrid
approach. Applied Economics, 49(40), 4071-4082.