SlideShare a Scribd company logo
1 of 21
Download to read offline
The

5

Fundamental Laws

of Project Management *
* with some insight from Albert Einstein

Presented by

@smartsheet
A

lbert Einstein was one of the

greatest physicists of our time.
But he was also a philosopher,
with profound insights on science,
religion and life.
So in a little twist, we’ll handle the
science part of project management…
…and let Einstein talk philosophy.
Law #

1

You must take stock
Law #

1 You must take stock

‘‘

If the facts don’t
fit the theory,
change the facts.
Law #

1 You must take stock

In other words, if you don’t have enough resources, your project will fail.
Here’s how to make sure you do:

Evaluate
Understand the goal and ensure you have enough people to make it happen.

Measure
Have a method or tool for tracking success (and know what success is).

Envision
Put tools in place that will help you work better.
2

Law #

You must manage your time
Law #

‘‘

2 You must manage your time

I never think of
the future. It comes
soon enough.
Law #

2 You must manage your time

In other words, time flies. Make sure it doesn’t fly by you.

Schedule
Start with the due date and work backwards.

Segment
Break the end goal into smaller manageable parts.

Focus
Only spend time on critical elements.
3

Law #

You must map the
critical path
Law #

3 You must map the critical path

‘‘

If you can’t
explain it simply,
you don’t
understand it
well enough.
Law #

3 You must map the critical path

In other words, define what’s truly important.

Identify
Establish key deliverables and assign due dates.

Pinpoint
Determine exactly what must be done and make it happen.

Track
Use a tool, like a Gantt chart, to stay on track.
Law #

4

You must identify risks
Law #

4 You must identify risks

‘‘

The world is a
dangerous place to
live; not because of
the people who are
evil, but because of the
people who don’t do
anything about it.
Law #

4 You must identify risks

In other words, if you don’t think about bad things, then bad things will happen.

Talk
Meet with your team and identify risks.

Prioritize
Determine which risks pose the biggest threat.

Plan
Be ready if the risks become real.
5

Law #

You must
communicate effectively
Law #

5 You must communicate effectively

‘‘

Information is
not knowledge.
Law #

5 You must communicate effectively

In other words, don’t just clutter a person’s inbox. Make every message count.

Enlighten
Stick to actionable data and insights.

Collaborate
Allow ideas and information to be shared.

Clarify
Choose tools that enhance transparency and communication.
Follow these 5 laws ...
1

You must take stock

2

You must manage your time

3

You must map the critical path

4

You must identify risks

5

You must communicate effectively
... and you’ll not only complete a project,
but you’ll have added a real contribution
to your company.
‘‘

Or as Einstein would say,

Try not to become a
man of success, but
rather try to become
a man of value.
(You don’t have to be an Einstein to know he meant women, too.)
Learn how millions of people are working more
productively than ever before with Smartsheet.
www.smartsheet.com
@smartsheet

More Related Content

Viewers also liked

The Fundamentals of Project Management
The Fundamentals of Project ManagementThe Fundamentals of Project Management
The Fundamentals of Project ManagementAmy White
 
Project Management Fundamental
Project Management FundamentalProject Management Fundamental
Project Management FundamentalAndy Pham, PMP
 
Project management basics
Project management basicsProject management basics
Project management basicsPlanning School
 
Basics of project management - Week 1
Basics of project management - Week 1Basics of project management - Week 1
Basics of project management - Week 1Thuan Ng
 
Project Management Cycle and MS Project 2013 By Subodh Kumar PMP
Project Management Cycle and  MS Project 2013  By Subodh Kumar PMPProject Management Cycle and  MS Project 2013  By Subodh Kumar PMP
Project Management Cycle and MS Project 2013 By Subodh Kumar PMPSubodh Kumar
 
Introduction to project management
Introduction to project managementIntroduction to project management
Introduction to project managementBarun_agnihotri
 
Project Management PowerPoint PPT Content Modern Sample
Project Management PowerPoint PPT Content Modern SampleProject Management PowerPoint PPT Content Modern Sample
Project Management PowerPoint PPT Content Modern SampleAndrew Schwartz
 
Project Management Concepts (from PMBOK 5th Ed)
Project Management Concepts (from PMBOK 5th Ed)Project Management Concepts (from PMBOK 5th Ed)
Project Management Concepts (from PMBOK 5th Ed)Jeremy Jay Lim
 
The Project Management Process - Week 1
The Project Management Process -  Week 1The Project Management Process -  Week 1
The Project Management Process - Week 1Craig Brown
 

Viewers also liked (13)

The Fundamentals of Project Management
The Fundamentals of Project ManagementThe Fundamentals of Project Management
The Fundamentals of Project Management
 
Project Management Fundamental
Project Management FundamentalProject Management Fundamental
Project Management Fundamental
 
Project management basics
Project management basicsProject management basics
Project management basics
 
Basics of project management - Week 1
Basics of project management - Week 1Basics of project management - Week 1
Basics of project management - Week 1
 
Project Management Concepts
Project Management ConceptsProject Management Concepts
Project Management Concepts
 
Project Management Cycle and MS Project 2013 By Subodh Kumar PMP
Project Management Cycle and  MS Project 2013  By Subodh Kumar PMPProject Management Cycle and  MS Project 2013  By Subodh Kumar PMP
Project Management Cycle and MS Project 2013 By Subodh Kumar PMP
 
Team Building
Team BuildingTeam Building
Team Building
 
Introduction to project management
Introduction to project managementIntroduction to project management
Introduction to project management
 
Project Management PowerPoint PPT Content Modern Sample
Project Management PowerPoint PPT Content Modern SampleProject Management PowerPoint PPT Content Modern Sample
Project Management PowerPoint PPT Content Modern Sample
 
Project Management Concepts (from PMBOK 5th Ed)
Project Management Concepts (from PMBOK 5th Ed)Project Management Concepts (from PMBOK 5th Ed)
Project Management Concepts (from PMBOK 5th Ed)
 
The Project Management Process - Week 1
The Project Management Process -  Week 1The Project Management Process -  Week 1
The Project Management Process - Week 1
 
Project management
Project managementProject management
Project management
 
Project management
Project managementProject management
Project management
 

Similar to The 5 Fundamental Laws of Project Management

Conclusions in Critical Thinking
Conclusions in Critical ThinkingConclusions in Critical Thinking
Conclusions in Critical Thinkinglbrook
 
Innovation Excellence Weekly - Issue 8
Innovation Excellence Weekly - Issue 8Innovation Excellence Weekly - Issue 8
Innovation Excellence Weekly - Issue 8Innovation Excellence
 
10 ways to be high potential!!
10 ways to be high potential!!10 ways to be high potential!!
10 ways to be high potential!!Dr. Shalini Lal
 
Time management,planning and prioritization
Time management,planning and prioritizationTime management,planning and prioritization
Time management,planning and prioritizationUc Man
 
Decision Making & Critical Thinking (6 thinking hats & 5 whys approach)
Decision Making & Critical Thinking (6 thinking hats & 5 whys approach)Decision Making & Critical Thinking (6 thinking hats & 5 whys approach)
Decision Making & Critical Thinking (6 thinking hats & 5 whys approach)Ankit Tiwari
 
Crisis Management
Crisis Management Crisis Management
Crisis Management AIESECGreece
 
Tips in Making the "Right" Decision
Tips in Making the "Right" DecisionTips in Making the "Right" Decision
Tips in Making the "Right" DecisionDr. Mazlan Abbas
 
Critical Thinking_Group 1.pptx
Critical Thinking_Group 1.pptxCritical Thinking_Group 1.pptx
Critical Thinking_Group 1.pptxRenaYuliana5
 
Anti Death Penalty Arguments Essay.pdf
Anti Death Penalty Arguments Essay.pdfAnti Death Penalty Arguments Essay.pdf
Anti Death Penalty Arguments Essay.pdfTrina Martin
 
Best Memory Essay. The Role Of Memorable Memori
Best Memory Essay. The Role Of Memorable MemoriBest Memory Essay. The Role Of Memorable Memori
Best Memory Essay. The Role Of Memorable MemoriMisty Harris
 

Similar to The 5 Fundamental Laws of Project Management (20)

Conclusions in Critical Thinking
Conclusions in Critical ThinkingConclusions in Critical Thinking
Conclusions in Critical Thinking
 
2t4 21 synopsis
2t4 21 synopsis2t4 21 synopsis
2t4 21 synopsis
 
Time Manage
Time ManageTime Manage
Time Manage
 
Timemanage
TimemanageTimemanage
Timemanage
 
Dealing with Time management Challenges
Dealing with Time management ChallengesDealing with Time management Challenges
Dealing with Time management Challenges
 
Dealing with time management challenges
Dealing with time management challengesDealing with time management challenges
Dealing with time management challenges
 
Argument Essay
Argument EssayArgument Essay
Argument Essay
 
Innovation Excellence Weekly - Issue 8
Innovation Excellence Weekly - Issue 8Innovation Excellence Weekly - Issue 8
Innovation Excellence Weekly - Issue 8
 
10 ways to be high potential!!
10 ways to be high potential!!10 ways to be high potential!!
10 ways to be high potential!!
 
How to Become an Intelligent Person
How to Become an Intelligent PersonHow to Become an Intelligent Person
How to Become an Intelligent Person
 
Time management,planning and prioritization
Time management,planning and prioritizationTime management,planning and prioritization
Time management,planning and prioritization
 
Timemanage
TimemanageTimemanage
Timemanage
 
Decision Making & Critical Thinking (6 thinking hats & 5 whys approach)
Decision Making & Critical Thinking (6 thinking hats & 5 whys approach)Decision Making & Critical Thinking (6 thinking hats & 5 whys approach)
Decision Making & Critical Thinking (6 thinking hats & 5 whys approach)
 
Train 3
Train 3Train 3
Train 3
 
Crisis Management
Crisis Management Crisis Management
Crisis Management
 
dsfs
dsfsdsfs
dsfs
 
Tips in Making the "Right" Decision
Tips in Making the "Right" DecisionTips in Making the "Right" Decision
Tips in Making the "Right" Decision
 
Critical Thinking_Group 1.pptx
Critical Thinking_Group 1.pptxCritical Thinking_Group 1.pptx
Critical Thinking_Group 1.pptx
 
Anti Death Penalty Arguments Essay.pdf
Anti Death Penalty Arguments Essay.pdfAnti Death Penalty Arguments Essay.pdf
Anti Death Penalty Arguments Essay.pdf
 
Best Memory Essay. The Role Of Memorable Memori
Best Memory Essay. The Role Of Memorable MemoriBest Memory Essay. The Role Of Memorable Memori
Best Memory Essay. The Role Of Memorable Memori
 

Recently uploaded

What is DBT - The Ultimate Data Build Tool.pdf
What is DBT - The Ultimate Data Build Tool.pdfWhat is DBT - The Ultimate Data Build Tool.pdf
What is DBT - The Ultimate Data Build Tool.pdfMounikaPolabathina
 
A Deep Dive on Passkeys: FIDO Paris Seminar.pptx
A Deep Dive on Passkeys: FIDO Paris Seminar.pptxA Deep Dive on Passkeys: FIDO Paris Seminar.pptx
A Deep Dive on Passkeys: FIDO Paris Seminar.pptxLoriGlavin3
 
Scanning the Internet for External Cloud Exposures via SSL Certs
Scanning the Internet for External Cloud Exposures via SSL CertsScanning the Internet for External Cloud Exposures via SSL Certs
Scanning the Internet for External Cloud Exposures via SSL CertsRizwan Syed
 
New from BookNet Canada for 2024: BNC CataList - Tech Forum 2024
New from BookNet Canada for 2024: BNC CataList - Tech Forum 2024New from BookNet Canada for 2024: BNC CataList - Tech Forum 2024
New from BookNet Canada for 2024: BNC CataList - Tech Forum 2024BookNet Canada
 
Advanced Computer Architecture – An Introduction
Advanced Computer Architecture – An IntroductionAdvanced Computer Architecture – An Introduction
Advanced Computer Architecture – An IntroductionDilum Bandara
 
WordPress Websites for Engineers: Elevate Your Brand
WordPress Websites for Engineers: Elevate Your BrandWordPress Websites for Engineers: Elevate Your Brand
WordPress Websites for Engineers: Elevate Your Brandgvaughan
 
Dev Dives: Streamline document processing with UiPath Studio Web
Dev Dives: Streamline document processing with UiPath Studio WebDev Dives: Streamline document processing with UiPath Studio Web
Dev Dives: Streamline document processing with UiPath Studio WebUiPathCommunity
 
DevoxxFR 2024 Reproducible Builds with Apache Maven
DevoxxFR 2024 Reproducible Builds with Apache MavenDevoxxFR 2024 Reproducible Builds with Apache Maven
DevoxxFR 2024 Reproducible Builds with Apache MavenHervé Boutemy
 
Take control of your SAP testing with UiPath Test Suite
Take control of your SAP testing with UiPath Test SuiteTake control of your SAP testing with UiPath Test Suite
Take control of your SAP testing with UiPath Test SuiteDianaGray10
 
Moving Beyond Passwords: FIDO Paris Seminar.pdf
Moving Beyond Passwords: FIDO Paris Seminar.pdfMoving Beyond Passwords: FIDO Paris Seminar.pdf
Moving Beyond Passwords: FIDO Paris Seminar.pdfLoriGlavin3
 
Gen AI in Business - Global Trends Report 2024.pdf
Gen AI in Business - Global Trends Report 2024.pdfGen AI in Business - Global Trends Report 2024.pdf
Gen AI in Business - Global Trends Report 2024.pdfAddepto
 
How to write a Business Continuity Plan
How to write a Business Continuity PlanHow to write a Business Continuity Plan
How to write a Business Continuity PlanDatabarracks
 
Developer Data Modeling Mistakes: From Postgres to NoSQL
Developer Data Modeling Mistakes: From Postgres to NoSQLDeveloper Data Modeling Mistakes: From Postgres to NoSQL
Developer Data Modeling Mistakes: From Postgres to NoSQLScyllaDB
 
SALESFORCE EDUCATION CLOUD | FEXLE SERVICES
SALESFORCE EDUCATION CLOUD | FEXLE SERVICESSALESFORCE EDUCATION CLOUD | FEXLE SERVICES
SALESFORCE EDUCATION CLOUD | FEXLE SERVICESmohitsingh558521
 
SIP trunking in Janus @ Kamailio World 2024
SIP trunking in Janus @ Kamailio World 2024SIP trunking in Janus @ Kamailio World 2024
SIP trunking in Janus @ Kamailio World 2024Lorenzo Miniero
 
TeamStation AI System Report LATAM IT Salaries 2024
TeamStation AI System Report LATAM IT Salaries 2024TeamStation AI System Report LATAM IT Salaries 2024
TeamStation AI System Report LATAM IT Salaries 2024Lonnie McRorey
 
The State of Passkeys with FIDO Alliance.pptx
The State of Passkeys with FIDO Alliance.pptxThe State of Passkeys with FIDO Alliance.pptx
The State of Passkeys with FIDO Alliance.pptxLoriGlavin3
 
Streamlining Python Development: A Guide to a Modern Project Setup
Streamlining Python Development: A Guide to a Modern Project SetupStreamlining Python Development: A Guide to a Modern Project Setup
Streamlining Python Development: A Guide to a Modern Project SetupFlorian Wilhelm
 
Generative AI for Technical Writer or Information Developers
Generative AI for Technical Writer or Information DevelopersGenerative AI for Technical Writer or Information Developers
Generative AI for Technical Writer or Information DevelopersRaghuram Pandurangan
 
Digital Identity is Under Attack: FIDO Paris Seminar.pptx
Digital Identity is Under Attack: FIDO Paris Seminar.pptxDigital Identity is Under Attack: FIDO Paris Seminar.pptx
Digital Identity is Under Attack: FIDO Paris Seminar.pptxLoriGlavin3
 

Recently uploaded (20)

What is DBT - The Ultimate Data Build Tool.pdf
What is DBT - The Ultimate Data Build Tool.pdfWhat is DBT - The Ultimate Data Build Tool.pdf
What is DBT - The Ultimate Data Build Tool.pdf
 
A Deep Dive on Passkeys: FIDO Paris Seminar.pptx
A Deep Dive on Passkeys: FIDO Paris Seminar.pptxA Deep Dive on Passkeys: FIDO Paris Seminar.pptx
A Deep Dive on Passkeys: FIDO Paris Seminar.pptx
 
Scanning the Internet for External Cloud Exposures via SSL Certs
Scanning the Internet for External Cloud Exposures via SSL CertsScanning the Internet for External Cloud Exposures via SSL Certs
Scanning the Internet for External Cloud Exposures via SSL Certs
 
New from BookNet Canada for 2024: BNC CataList - Tech Forum 2024
New from BookNet Canada for 2024: BNC CataList - Tech Forum 2024New from BookNet Canada for 2024: BNC CataList - Tech Forum 2024
New from BookNet Canada for 2024: BNC CataList - Tech Forum 2024
 
Advanced Computer Architecture – An Introduction
Advanced Computer Architecture – An IntroductionAdvanced Computer Architecture – An Introduction
Advanced Computer Architecture – An Introduction
 
WordPress Websites for Engineers: Elevate Your Brand
WordPress Websites for Engineers: Elevate Your BrandWordPress Websites for Engineers: Elevate Your Brand
WordPress Websites for Engineers: Elevate Your Brand
 
Dev Dives: Streamline document processing with UiPath Studio Web
Dev Dives: Streamline document processing with UiPath Studio WebDev Dives: Streamline document processing with UiPath Studio Web
Dev Dives: Streamline document processing with UiPath Studio Web
 
DevoxxFR 2024 Reproducible Builds with Apache Maven
DevoxxFR 2024 Reproducible Builds with Apache MavenDevoxxFR 2024 Reproducible Builds with Apache Maven
DevoxxFR 2024 Reproducible Builds with Apache Maven
 
Take control of your SAP testing with UiPath Test Suite
Take control of your SAP testing with UiPath Test SuiteTake control of your SAP testing with UiPath Test Suite
Take control of your SAP testing with UiPath Test Suite
 
Moving Beyond Passwords: FIDO Paris Seminar.pdf
Moving Beyond Passwords: FIDO Paris Seminar.pdfMoving Beyond Passwords: FIDO Paris Seminar.pdf
Moving Beyond Passwords: FIDO Paris Seminar.pdf
 
Gen AI in Business - Global Trends Report 2024.pdf
Gen AI in Business - Global Trends Report 2024.pdfGen AI in Business - Global Trends Report 2024.pdf
Gen AI in Business - Global Trends Report 2024.pdf
 
How to write a Business Continuity Plan
How to write a Business Continuity PlanHow to write a Business Continuity Plan
How to write a Business Continuity Plan
 
Developer Data Modeling Mistakes: From Postgres to NoSQL
Developer Data Modeling Mistakes: From Postgres to NoSQLDeveloper Data Modeling Mistakes: From Postgres to NoSQL
Developer Data Modeling Mistakes: From Postgres to NoSQL
 
SALESFORCE EDUCATION CLOUD | FEXLE SERVICES
SALESFORCE EDUCATION CLOUD | FEXLE SERVICESSALESFORCE EDUCATION CLOUD | FEXLE SERVICES
SALESFORCE EDUCATION CLOUD | FEXLE SERVICES
 
SIP trunking in Janus @ Kamailio World 2024
SIP trunking in Janus @ Kamailio World 2024SIP trunking in Janus @ Kamailio World 2024
SIP trunking in Janus @ Kamailio World 2024
 
TeamStation AI System Report LATAM IT Salaries 2024
TeamStation AI System Report LATAM IT Salaries 2024TeamStation AI System Report LATAM IT Salaries 2024
TeamStation AI System Report LATAM IT Salaries 2024
 
The State of Passkeys with FIDO Alliance.pptx
The State of Passkeys with FIDO Alliance.pptxThe State of Passkeys with FIDO Alliance.pptx
The State of Passkeys with FIDO Alliance.pptx
 
Streamlining Python Development: A Guide to a Modern Project Setup
Streamlining Python Development: A Guide to a Modern Project SetupStreamlining Python Development: A Guide to a Modern Project Setup
Streamlining Python Development: A Guide to a Modern Project Setup
 
Generative AI for Technical Writer or Information Developers
Generative AI for Technical Writer or Information DevelopersGenerative AI for Technical Writer or Information Developers
Generative AI for Technical Writer or Information Developers
 
Digital Identity is Under Attack: FIDO Paris Seminar.pptx
Digital Identity is Under Attack: FIDO Paris Seminar.pptxDigital Identity is Under Attack: FIDO Paris Seminar.pptx
Digital Identity is Under Attack: FIDO Paris Seminar.pptx
 

The 5 Fundamental Laws of Project Management

  • 1. The 5 Fundamental Laws of Project Management * * with some insight from Albert Einstein Presented by @smartsheet
  • 2. A lbert Einstein was one of the greatest physicists of our time. But he was also a philosopher, with profound insights on science, religion and life. So in a little twist, we’ll handle the science part of project management… …and let Einstein talk philosophy.
  • 3. Law # 1 You must take stock
  • 4. Law # 1 You must take stock ‘‘ If the facts don’t fit the theory, change the facts.
  • 5. Law # 1 You must take stock In other words, if you don’t have enough resources, your project will fail. Here’s how to make sure you do: Evaluate Understand the goal and ensure you have enough people to make it happen. Measure Have a method or tool for tracking success (and know what success is). Envision Put tools in place that will help you work better.
  • 6. 2 Law # You must manage your time
  • 7. Law # ‘‘ 2 You must manage your time I never think of the future. It comes soon enough.
  • 8. Law # 2 You must manage your time In other words, time flies. Make sure it doesn’t fly by you. Schedule Start with the due date and work backwards. Segment Break the end goal into smaller manageable parts. Focus Only spend time on critical elements.
  • 9. 3 Law # You must map the critical path
  • 10. Law # 3 You must map the critical path ‘‘ If you can’t explain it simply, you don’t understand it well enough.
  • 11. Law # 3 You must map the critical path In other words, define what’s truly important. Identify Establish key deliverables and assign due dates. Pinpoint Determine exactly what must be done and make it happen. Track Use a tool, like a Gantt chart, to stay on track.
  • 12. Law # 4 You must identify risks
  • 13. Law # 4 You must identify risks ‘‘ The world is a dangerous place to live; not because of the people who are evil, but because of the people who don’t do anything about it.
  • 14. Law # 4 You must identify risks In other words, if you don’t think about bad things, then bad things will happen. Talk Meet with your team and identify risks. Prioritize Determine which risks pose the biggest threat. Plan Be ready if the risks become real.
  • 16. Law # 5 You must communicate effectively ‘‘ Information is not knowledge.
  • 17. Law # 5 You must communicate effectively In other words, don’t just clutter a person’s inbox. Make every message count. Enlighten Stick to actionable data and insights. Collaborate Allow ideas and information to be shared. Clarify Choose tools that enhance transparency and communication.
  • 18. Follow these 5 laws ... 1 You must take stock 2 You must manage your time 3 You must map the critical path 4 You must identify risks 5 You must communicate effectively
  • 19. ... and you’ll not only complete a project, but you’ll have added a real contribution to your company.
  • 20. ‘‘ Or as Einstein would say, Try not to become a man of success, but rather try to become a man of value. (You don’t have to be an Einstein to know he meant women, too.)
  • 21. Learn how millions of people are working more productively than ever before with Smartsheet. www.smartsheet.com @smartsheet