Guide to Understanding Stewardship in the Context of Servant-Leadership

Stewardship is a vital part of the Servant Leadership approach, in the context of PMI-ACP (Project Management Institute Agile-Certified Practitioner).

What is Stewardship?
Stewardship refers to the responsibility of managing and taking care of resources that are in one's charge, in the best interests of those who own the resources, known as stakeholders in a project context. It's about being accountable, transparent, ethical and maintaining integrity.

Why is it Important?
Stewardship is crucial because it fosters trust among team members and stakeholders, ensuring the resources are used efficiently and responsibly. It also promotes transparency and accountability, which are integral parts of agile project management.

How Does it Work?
As a steward, a servant leader makes decisions and takes action keeping in mind the best interests of the team and other stakeholders. They constantly strive to create value, balancing the needs of the project with the resources available.

Exam Tips: Answering Questions on Stewardship:
1. Be familiar with the key attributes of a good steward: accountability, transparency, ethics, and integrity.
2. Understand how stewardship supports the Agile framework – it's not solely about resource efficiency, but also about building trust and serving the needs of the team and stakeholders.
3. Emphasize accountability and decision-making in the best interest of stakeholders, which are key elements of stewardship.
4. If a question leaves you uncertain, remember the 'servant' in servant-leadership. You're looking after resources on behalf of others – this mindset may guide you to selecting the most suitable answer.

Remember, as a project manager, your role extends beyond merely 'managing', you’re also a steward, facilitating and serving the needs and interests of stakeholders.