Project Management Principle 1 states,
Be a diligent, respectful and caring steward
Stewards act responsibly to carry out activities with integrity, care and trustworthiness, all this while maintaining compliance with internal and external guidelines. They demonstrate a broad commitment to financial, social & environmental impacts of the projects.
Stewardship responsibilities exist within as well as outside the organization.
Within the organization,
- Operating in alignment with the organization’s objectives, strategy, mission, vision & sustainment of long term value
- Respectful engagement of project team members (may include their compensation, opportunities, fair treatment)
- Diligent oversight of organizational finances, materials and other resources
- Understanding the appropriate usage of authority, accountability and responsibility
Outside the organization,
- Environmental sustainability
- Organization’s use of materials and natural resources
- Organization’s relationship with external stakeholders like partners, vendors and others
- Project’s (and organization’s) impact on market, social community, operating regions
Stewards also adhere to both implicit and explicit duties that include,
- Integrity – Stewards behave honestly and ethically
- Care – Stewards are fiduciaries of the organizational matters in their charge
- Trustworthiness – Stewards represent themselves as well as their roles, their authority and their project team accurately both inside and outside the organization
- Compliance – Stewards comply with laws, rules, regulations and requirements within or outside the organization
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