The five principles of project management are:
Scope management: This principle involves defining and managing the scope of the project, including what work needs to be done and what the deliverables will be. This includes creating a detailed project plan, identifying the project objectives and setting clear milestones and deliverables.
Time management: This principle involves managing the project schedule, including setting deadlines, creating a work breakdown structure and identifying and resolving any schedule conflicts.
Cost management: This principle involves managing the project budget, including identifying and controlling project costs, forecasting future expenses and ensuring that the project stays within budget.
Quality management: This principle involves ensuring that the project meets or exceeds quality standards, including identifying and controlling quality risks, monitoring progress and conducting quality reviews.
Resource management: This principle involves managing the project resources, including personnel, equipment and materials, to ensure they are available and used effectively. This also includes managing any third-party vendors or contractors that are working on the project.