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PMBOK 7 is the abbreviation for The Standard for Project Management (or PMBOK(r), Guide) Seventh Edition), which are both bundled together. These are the essentials of managing projects in organizations that use the PMI approach to getting the job done.
The Standard for Project Management contains:
An introduction
The value delivery system
These 12 principles of project management

These principles are what we are referring to today.

What is a principle?
The 12 Principles of Project Management1. Stewardship
2. Team
3. Stakeholders
4. Value
5. Systems thinking
6. Leadership
7. Tailoring
8. Quality
9. Complexity
10. Risques
11. Resilience and adaptability
12. Change

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What is a principle?
What is a principle, then?
A principle is a rule, value, norm or fundamental truth that guides behavior or action.
Principles are not prescriptive. They do not tell you how to do anything. They don’t have policies or goals. They are simply the foundation of what you should do. Consider principles as unalienable truths that you must live by, or in this case, to follow.
Principles are meant to guide your actions. They are not meant to guide your actions.
They help you to think about project management and provide guidelines for your behavior. However, you can still lead the project however you like within these parameters.
The Standard for Project Management outlines 12 principles that every leader of projects should know. These principles are not limited to any particular delivery method and will work regardless of which one you choose.
What are they? Let’s get started.
The 12 Principles of Project Management
Below are the 12 principle statements, which summarize project management principles. I also include a description of how these might look for you.
1. Stewardship
Be a caring, respectful and diligent steward
Also, be a good person and follow the Code of Ethics.
Use your professional judgment to help others and treat customers and colleagues as you would.
Although it seems odd that this should be mentioned, I believe it is. Every week, I hear from dozens upon dozens of project managers. Many of them talk about toxic work environments in which their contributions and work are not appreciated and respected.
We can set an example by being a diligent steward of our projects. However, I believe other managers in the company should also live by this principle.
2. Team
Establish a team environment for collaborative projects
Collaboration is the key to completing projects in the 21st century. To get work done, we are increasingly using tech tools. The tools are getting better at helping us – if you know how to use them.
This book, Collaboration Tools for Project Managers, was written by me. It explains how to select, set up and use the best tools for your workplace.
3. Stakeholders
Engage effectively with stakeholders
Oh, look! Another subject for which I wrote a book!
Collaboration is only possible if there are people you can collaborate with. This is why it is important to engage stakeholders in a mature, respectful manner for project success.
We are all busier than ever, so it is important to have a variety of ways to engage others that match their work style and the outcome you desire.
This article was published by APM.
4. Value
Value is the key
This one should have been higher up on the list. What’s the point in projects that don’t deliver value?
We must define what “value” means. This will be different for every project. It might be measured differently depending on your situation. It can also be measured differently.