Source: Management Today
Date: March 2007

• Plan it. Know your goal and why you're pursuing it, then research how you'll acheive it. Get it all down on paper: who's on the team; where resources are going and at what cost; and deadlines. This statement allows everyone - including you - to see exactly how you're going to pull it off.
  
• Own it. Make the project yours, and ensure everyone knows you're accountable for the outcome. Only then will the team dance to your tune.
  
• Put people in the loop. Consistent communication keeps expectations in sync, regarding what will be delivered when and at what cost. But it can't be all one-way. Feedback will help you avoid nasty surprises.
  
• Know the risks. Figure out what can go wrong and have a weater eye for ominous warning signs, so you can avoid a slip-up before it happens.
  
• Stay on top. Understand the project's scope, and keep and eye on performance measured againsts the budget and deadline. Review progress, compaing your actual status with where you planned to be at each stage.
  
• Be adaptable. Respond to circumstances as they change, but always consult and get written agreement formt eh people who matter.
  
• Close formally. Hand the project over, getting feedback from those involved and writing a report assessing how well it went in terms of budget, managing risks, deadlines and teamwork. Acknowledge the lessons for next time, then treat your team to a drink.