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A project must remain justified and aligned with the business objectives throughout its life cycle. If it no longer offers business value, it should be stopped. This principle ensures that the project remains viable and cost-effective.

Project teams should continually learn and improve by recording and acting upon lessons learned. This principle encourages not repeating the same mistakes and leveraging knowledge gained to optimize future projects.

A clear organizational structure and the right people involved in the right tasks ensure that everyone knows what is expected of them. This principle is crucial for effective project governance and smooth execution.

Breaking the project into manageable stages helps with detailed planning, monitoring, and control. This principle allows for regular reviews of progress and ensures that there is a stable foundation before moving forward.

Establishing clear tolerance thresholds for project objectives allows efficient use of time by only escalating major issues to higher management. This principle empowers project managers and teams to make decisions within predefined limits.

The emphasis on product delivery, quality requirements, and the product's ability to deliver the expected benefits is fundamental. This principle ensures that the project delivers outputs that truly fulfill the business's needs.

The method should be adjusted to suit the project's size, environment, complexity, importance, capability, and risk. Tailoring ensures that the approach is appropriate and proportional to the project’s challenges and opportunities.

In practice, Continued Business Justification might involve regular reviews of the business case at each stage and after any significant project change or risk occurrence, to ensure the project remains aligned with business goals.

Applying Learn from Experience can entail creating a detailed record of challenges and successes encountered during the project for reference in future efforts, as well as incorporating feedback into the project as it progresses.

Putting Defined Roles and Responsibilities into action includes developing a clear project team structure and ensuring everyone has a clear understanding of their roles, including the Project Board, Project Manager, and project team members.

Implementing the Manage by Stages principle might look like dividing the project into several key phases, each with its own set of deliverables, review points, and detailed planning. It may involve stage gating and phase approvals.

Enacting Manage by Exception could mean delegating day-to-day management to the Project Manager, while the Project Board only gets involved when proposed or actual changes exceed the delegated tolerance levels.

The practical application of Focus on Products includes establishing a product-based planning approach, where product descriptions are created before any work commences and product-focused reviews are conducted after delivery.