Project Management Principles

This module introduces the principles of PM applicable to all projects.


Knowledge Module 1: Project Management Principles examines the core concepts and applied techniques for cost effective management of projects.

It provides an introduction to the importance of PM, organizational strategy, project selection and prioritization, as well as organizational capability within the context of projects such as – structure, culture and roles, project life cycle and organization, and developing project-related product or service description and chartering a project.

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Key Topics

  • Core concepts: Pre-requisites for a project (business case) and projects, PM and the role of the project manager
  • Benefits of PM
  • Projects and their environment
  • Organizational strategy and opportunities
  • Projects, strategy and project alignment
  • Project organizational structures and governance
  • Project portfolios and project selection
  • Competencies of project personel
  • Project constraints: Types, interdependency, and balance
  • Project Initiation: Opportunity evaluation, sponsors, stakeholders and strategy, and chartering a project

Learning Outcomes


Describe the importance of PM in the context of various organizational cultures and strategies, and summarize the typical components of the PM system, and the processes that are considered essential to any project.


Evaluate factors important to project selection and prioritization as evidenced by organizational capability and available resource capacity.


Select and describe an appropriate project management strategy for a new project that can meet stakeholder expectations in a given organizational context.