PM ADVISORY:

The 5 Golden Rules of Project Management

By Jason Westland
New Zealand

If you’re involved in Projects, then there are 5 Golden Rules that will help you deliver your project successfully...

The 5 Golden Rules of Project Management

Rule 1: Time Management is Critical

To deliver your project on time, you need to manage time carefully. To do this, make sure every task is listed in a Project Plan and that it’s scheduled to occur precisely when it needs to.

Every week, update your plan with the time spent completing tasks and identify whether each task is ahead or behind schedule. Track the % complete of each task and if it’s behind schedule, then get it back on track by assigning more resource or reducing the scope of the task. Don’t let tasks slip. Be vigilant.

Rule 2: Track Costs and Manage Finances

Every element of your project incurs a cost. You need to identify all of the planned costs upfront and get them approved by your Manager.

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About the Author Jason Westland Author Jason Westland, CEO and Founder of Method 123, has a lengthy Project Management career. With 15 years experience managing multi-million dollar projects, building high growth companies and creating new project management products, he knows what it takes for a project to succeed.  He is the author of "The Project Management Life Cycle" and has overseen thousands of projects around the world. Jason now runs a very successful project management website developing templates and training other professional managers how to reach success in the projects they manage. http://www.method123.com. Jason Westland is also creator of the online project management software "Project Manager". Greatest challenge "My greatest challenge was managing the £1 billion Strategic Alignment project at British Rail. It was a huge project, with tight deadlines and lots of pressure, the perfect proofing ground for Method123.”