Successful project management.
Project management principles, performance, and value delivery are essential components of successful project management. Likewise, choosing an appropriate project development approach and life cycle model can significantly impact project development and success.
What is the relationship between project management principles, performance, and value delivery? How can project managers ensure they employ practical project management principles to drive project performance and deliver maximum value to stakeholders?
What are the key differences between traditional project development approaches and Agile methodologies? How can project managers determine the most suitable approach for a given project? In what ways do different life cycle models, such as Waterfall or Scrum, impact project development and success?
Sample Answer
Relationship between project management principles, performance, and value delivery
Project management principles are fundamental principles that guide project managers in planning, executing, monitoring, and controlling projects. These principles are essential for project success, as they help project managers to:
- Deliver projects on time, within budget, and to the required quality standards.
- Manage risks and uncertainties effectively.
- Engage stakeholders and manage their expectations.
- Communicate effectively with all stakeholders.
- Learn from past projects and improve performance over time.