Project Management Principles
Principles can, but do not necessarily, reflect morals. A code of ethics is related to
morals. Code of ethics for a profession can be adopted by an individual or profession to
establish expectations for moral conduct. The PMI Code of Ethics and Professional
Conduct [2] is based on four values that were identified as most important to the
project management community:
▶ Responsibility,
▶ Respect,
▶ Fairness, and
▶ Honesty.
The 12 principles of project management are aligned with the values identified in the
PMI Code of Ethics and Professional Conduct. They do not follow the same format, and
they are not duplicative, rather the principles and the Code of Ethics are
complementary.
The principle labels are:
▶ Be a diligent, respectful, and caring steward (see Section 3.1).
▶ Create a collaborative project team environment (see Section 3.2).
▶ Effectively engage with stakeholders (see Section 3.3).
▶ Focus on value (see Section 3.4).
▶ Recognize, evaluate, and respond to system interactions (see Section 3.5).
▶ Demonstrate leadership behaviors (see Section 3.6).
▶ Tailor based on context (see Section 3.7).
▶ Build quality into processes and deliverables (see Section 3.8).
▶ Navigate complexity (see Section 3.9).
▶ Optimize risk responses (see Section 3.10).
▶ Embrace adaptability and resiliency (see Section 3.11).
Enable change to achieve the envisioned future state (see Section
3.12).
1. Stewardship
Stewardship encompasses responsibilities both within and external to the
organization. Within the organization, stewardship includes:
▶ operating in alignment with the organization, its objectives, strategy, vision,
mission,
and sustainment of its long-term value;
▶ Commitment to and respectful engagement of project team members, including
their Compensation, access to opportunity, and fair treatment;
▶ Diligent oversight of organizational finances, materials, and other resources
used within a project; and
▶ Understanding the appropriate use of authority, accountability, and responsibility,
Particularly in leadership positions.
Stewardship outside the organization includes responsibilities in areas such as:
▶ Environmental sustainability and the organization’s use of materials and natural
resources;
▶ Organization’s relationship with external stakeholders such as its partners and
channels;
▶ Impact of the organization or project on the market, social community, and regions
in which it operates; and
▶ advancing the state of practice in professional industries.
Projects bring about changes that may have unanticipated or unwanted consequences.
Project practitioners should identify, analyze, and manage the potential downsides of
Project outcomes so that stakeholders are aware and informed.
Care includes creating a transparent working environment, open communication
channels, and opportunities .For stakeholders to raise concerns without penalty or fear
of retribution.
2. Team
Examples of organizational structures that can improve collaboration include, but
are not limited to:
▹ Definitions of roles and responsibilities,
▹ Allocation of employees and vendors into project teams,
▹ Formal committees tasked with a specific objective, and
▹ Standing meetings that regularly review a given topic.
3. Stakeholders
4. VALUE
5. SYSTEM THINKING
5. LEADERSHIP
[Link]
7. QUALITY