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  • Project Management Body of Knowledge (PMBOK)

    The Project Management Body of Knowledge (PMBOK) is a globally recognized standard that provides a structured framework for managing projects effectively. Developed and maintained by the Project Management Institute (PMI), it serves as a comprehensive guide outlining best practices, processes, tools, and techniques that project managers can apply across industries.

    PMBOK is not a step-by-step methodology but rather a collection of proven principles that enhance consistency, efficiency, and success in project execution. It defines key knowledge areas such as scope, time, cost, quality, risk, communication, and stakeholder management, offering project teams a shared language and understanding.

    By following PMBOK guidelines, organizations can improve project outcomes, align strategies with business goals, and ensure the delivery of value to stakeholders. As a living document, PMBOK evolves with the changing demands of industries, technology, and management practices, making it a reliable foundation for both new and experienced project professionals.

  • Create a Collaborative Project Team Environment

    A successful project depends on how well the team works together. Creating a collaborative environment means building a space where people feel respected, supported, and motivated to contribute their best.

    Key aspects of collaboration include:

    • Open Communication – Encourage honest, transparent discussions and active listening.
    • Shared Goals – Align everyone around a common purpose and clear objectives.
    • Trust & Respect – Foster mutual understanding and appreciation of diverse skills and perspectives.
    • Inclusion – Ensure every team member feels valued and empowered to contribute.
    • Conflict Resolution – Address disagreements constructively to strengthen teamwork.

    When teams collaborate effectively, they build stronger solutions, improve efficiency, and deliver greater value. A collaborative environment turns individual efforts into collective success.

  • Be a Diligent, Respectful, and Caring Steward

    Being a steward in project management means taking responsibility for the resources, people, and outcomes entrusted to you. A good project manager is not just a leader—they are a caretaker of trust, value, and impact.

    • Diligent – Act with integrity, make careful decisions, and ensure resources are used wisely.
    • Respectful – Value the perspectives, cultures, and contributions of all stakeholders and team members.
    • Caring – Show empathy, support well-being, and prioritize long-term benefits over short-term gains.

    This principle reminds project managers to go beyond simply completing tasks. It’s about building trust, protecting resources, and creating value responsibly—for the team, the organization, and society.

  • Overlap of Project Management and General Management Principles

    Project management and general management share many common principles because both focus on organizing people, resources, and processes to achieve goals. While project management is temporary and goal-specific, and general management is ongoing and operational, their practices often overlap.

    Key areas of overlap include:

    • Leadership – Guiding, motivating, and supporting teams to achieve objectives.
    • Planning – Setting goals, defining strategies, and allocating resources effectively.
    • Decision-Making – Evaluating options, managing risks, and choosing the best path forward.
    • Communication – Ensuring clear, timely, and transparent information flow across teams and stakeholders.
    • Resource Management – Balancing people, budgets, tools, and time to optimize performance.
    • Problem-Solving – Addressing challenges and finding solutions to keep work on track.

    This overlap shows that project management is not isolated—it is built on the broader foundation of general management, but with a sharper focus on time-bound objectives and value delivery.

  • Project Management Principles

    Project management principles are the fundamental guidelines that help organizations and teams plan, execute, and deliver projects successfully. They provide a strong foundation for decision-making, problem-solving, and adapting to change throughout the project lifecycle.

    These principles emphasize areas such as clear objectives, accountability, stakeholder engagement, effective communication, risk management, and delivering value. By following them, teams can stay focused on goals, work more efficiently, and ensure that every project outcome contributes to the bigger picture.

    In simple terms, project management principles act as a compass—guiding projects in the right direction, balancing constraints like time, cost, and scope, while keeping value creation at the core.

  • Information Flow

    Information flow is the way knowledge, updates, and decisions move across the value delivery system. Clear and timely communication is essential to ensure everyone—from stakeholders to team members—stays aligned and informed.

    Key aspects of information flow include:

    • Top-Down Communication – Strategies, goals, and expectations shared from leadership to portfolios, programs, and projects.
    • Bottom-Up Communication – Feedback, progress updates, and risks reported from teams back to management.
    • Horizontal Communication – Collaboration and knowledge sharing across teams, departments, or projects.
    • External Communication – Sharing updates and outcomes with customers, partners, and stakeholders.

    An effective flow of information ensures transparency, accountability, and better decision-making, ultimately helping projects deliver maximum value.

  • Value Delivery Components

    A value delivery system is made up of key components that work together to ensure projects, programs, and initiatives create meaningful outcomes. These components include:

    • Governance – The framework of policies, roles, and responsibilities that guide decision-making and accountability.
    • Portfolios – Collections of projects and programs managed together to achieve strategic objectives.
    • Programs – Groups of related projects managed in a coordinated way to deliver greater benefits.
    • Projects – Temporary efforts with specific goals, delivering products, services, or results.
    • Products – The outputs created by projects, which provide value to customers or stakeholders.
    • Operations – The ongoing activities that sustain and support products, services, or organizational functions.

    Together, these components connect strategy to execution, ensuring that every effort contributes to delivering and sustaining value.

  • Creating Value

    Creating value is at the heart of project management. It means ensuring that the work being done produces benefits and positive outcomes for customers, stakeholders, and the organization.

    Value can take many forms, such as:

    • Business Growth – Increasing revenue, market share, or competitive advantage.
    • Customer Satisfaction – Delivering products or services that meet or exceed expectations.
    • Efficiency & Savings – Reducing costs, time, or resource use.
    • Innovation – Introducing new ideas, solutions, or technologies.
    • Social & Environmental Impact – Creating benefits for communities or contributing to sustainability.

    In project management, value is created when projects are aligned with strategic goals, executed effectively, and measured by the benefits they deliver—not just the tasks completed.

  • A System for Value Delivery

    A system for value delivery is the framework organizations use to create, deliver, and sustain value for their customers, stakeholders, and society. It ensures that every project, program, or initiative contributes meaningfully to overall goals.

    Instead of focusing only on completing tasks, value delivery emphasizes outcomes and benefits—making sure that the work being done provides real impact. This system connects strategy, governance, and execution, helping organizations adapt to change, maximize efficiency, and achieve long-term success.

    In project management, a value delivery system helps teams align their work with strategic objectives, prioritize what matters most, and measure success not just by outputs, but by the value created.

  • Audience for this Standard

    This standard is designed for anyone involved in managing or contributing to projects, including:

    • Project Managers – To guide planning, execution, and delivery.
    • Team Members – To understand roles, responsibilities, and expectations.
    • Executives & Leaders – To align projects with organizational strategy and goals.
    • Stakeholders & Clients – To gain clarity on project processes and outcomes.
    • Students & Learners – To build a solid foundation in project management principles.