Control Principles

• Plan to ensure success - Thorough pl
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  number five in a series taken from:How to Evaluate and Profit from a Business Opportunity - The Entrepreneur's GuideWhen you start looking into owning your own business you will find many businesses for sale. Existing businesses provide the opportunity to review real-time situations. You can visit the operation, touch the products or experience the services. Y
  Good and successful Project Management requires the adoption of and strict compliance with best practice Project Management Principles. Essentially there are 12 Key Project Management Principles which for convenience can be listed in 3 distinct categories as follows:
  1. Business Principles;
  2. People Principles;
  3. Control Principles;

  Business Principles

  • Ensure that all projects support the business strategy- All projects should have clear objectives that will deliver real and identifiable benefits to the business.
  • Adopt a formal and structured approach - Projects should be broken down into stages with a control and review checkpoint at the end of each phase to ensure that the project is still viable.
  • Define the project at the outset - Time spent at the start of the project defining the business needs, the products required and planning how they are to be delivered, is always time well invested.
  • Balance the project targets - The Project Manager should establish and manage a judicious balance between product, schedule and cost targets.
  • Assess project risks - Identify all risks in the early stages of the project and actively manage them during the life of the project.

  People Principles

  • Manage using a matrix organisation - Projects should operate under a matrix management in order to ensure that the project teams possess all the necessary skills.
  • Encourage and engender commitment and teamwork - Teamwork is vital to the success of any project; it is the responsibility of the Project Manager to build and foster esprit de corps.
  • Practise single point responsibility - Each divisible section of work should be the responsibility of a single named individual.
  • Match authority and accountability - Team members should have the authority commensurate with and appropriate to their accountability.

  Control Principles

  • Plan to ensure success - Thorough pla
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  • Ensure that all projects support the business strategy- All projects should have clear objectives that will deliver real and identifiable benefits to the business.
  • Adopt a formal and structured approach - Projects should be broken down into stages with a control and review checkpoint at the end of each phase to ensure that the project is still viable.
  • Define the project at the outset - Time spent at the start of the project defining the business needs, the products required and planning how they are to be delivered, is always time well invested.
  • Balance the project targets - The Project Manager should establish and manage a judicious balance between product, schedule and cost targets.
  • Assess project risks - Identify all risks in the early stages of the project and actively manage them during the life of the project.

  People Principles

  • Manage using a matrix organisation - Projects should operate under a matrix management in order to ensure that the project teams possess all the necessary skills.
  • Encourage and engender commitment and teamwork - Teamwork is vital to the success of any project; it is the responsibility of the Project Manager to build and foster esprit de corps.
  • Practise single point responsibility - Each divisible section of work should be the responsibility of a single named individual.
  • Match authority and accountability - Team members should have the authority commensurate with and appropriate to their accountability.

  Control Principles

  • Plan to ensure success - Thorough pl
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    t the start of the project defining the business needs, the products required and planning how they are to be delivered, is always time well invested.
  • Balance the project targets - The Project Manager should establish and manage a judicious balance between product, schedule and cost targets.
  • Assess project risks - Identify all risks in the early stages of the project and actively manage them during the life of the project.

  People Principles

  • Manage using a matrix organisation - Projects should operate under a matrix management in order to ensure that the project teams possess all the necessary skills.
  • Encourage and engender commitment and teamwork - Teamwork is vital to the success of any project; it is the responsibility of the Project Manager to build and foster esprit de corps.
  • Practise single point responsibility - Each divisible section of work should be the responsibility of a single named individual.
  • Match authority and accountability - Team members should have the authority commensurate with and appropriate to their accountability.

  Control Principles

  • Plan to ensure success - Thorough pl
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    ect.

  People Principles

  • Manage using a matrix organisation - Projects should operate under a matrix management in order to ensure that the project teams possess all the necessary skills.
  • Encourage and engender commitment and teamwork - Teamwork is vital to the success of any project; it is the responsibility of the Project Manager to build and foster esprit de corps.
  • Practise single point responsibility - Each divisible section of work should be the responsibility of a single named individual.
  • Match authority and accountability - Team members should have the authority commensurate with and appropriate to their accountability.

  Control Principles

  • Plan to ensure success - Thorough pl
    What Is In That Storage Container?
    Every business stores items in boxes or drawers. Most businesses have a plethora of storage containers stacked on shelves and, perhaps seldom have to locate these stored items. But when an employee needs to locate one of the items in storage, can it be found quickly? After all, time is money.Usually, the employee stands in front of a stack of storage containers wonder
    ter esprit de corps.
  • Practise single point responsibility - Each divisible section of work should be the responsibility of a single named individual.
  • Match authority and accountability - Team members should have the authority commensurate with and appropriate to their accountability.

  Control Principles

  • Plan to ensure success - Thorough planning is a prerequisite for success; it should define and document what has to be done and how it will be achieved, and is the yardstick against which the project should be controlled.
  • Monitor and control against the plan - Continuously monitor progress towards the objectives, to ensure that it is in accordance with the established plan; remedial action should be taken as appropriate.
  • Manage change actively - Change is inevitable and unavoidable, but changes to the project scope during delivery must be restricted to those which are beneficial, and which keep the project viable.