10 Golden Rules for New Project Managers - PM 360 Consulting
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10 Golden Rules for New Project Managers

10 Golden Rules for New Project Managers

Why Project Management?

Companies turn to project management to deliver results consistently, reduce costs, increase efficiencies and improve customer and stakeholder satisfaction. Strong, organization-wide commitment to project management yields long-term business value and competitive advantage.




project management importance

Importance of Project Management

One of the key aspects of project management is defining the high-level parameters of the project. This includes:

  1. Stating the goal of the project
  2. Documenting the objectives of the projects
  3. Defining the criteria for project success
  4. Describing the scope of the project
  5. Outlining specific project deliverables
  6. Writing the potential risks
  7. Identifying the resources required
  8. The cost of the project
  9. Listing out the project stakeholders
  10. Managing and Learning from Success and Failure


10 Golden Rules For New Project Managers
  • Rule 1: Develop a Strong Business Case
  • Rule 2: Engaged Project Sponsor
  • Rule 3: Establish Project Goal
  • Rule 4: Capacity Planning – Resources
  • Rule 5: Projects Are  Planned
  • Rule 6: Projects Are Executed
  • Rule 7: Manage Stakeholders Expectations
  • Rule 8: Risk Management & Contingency 
  • Rule 9: Communicate and Never Assume Anything
  • Rule 10: Avoid Scope Creep & Learn To Say No! 


Article written by Padraig Friel MBA MScPM CMC IPMA-C 14th January 2023