title
Top 30 Project Manager Interview Questions and Answers | PMP Certification Training | Edureka

description
🔥Edureka Project Management Program: https://www.edureka.co/masters-program/project-management-course This Edureka tutorial on Top 30 Project Manager Interview Questions will give you some important questions that will help you ace your interview at the first attempt. Check out our PMP Tutorial blog series: http://bit.ly/2BvgNE4 Check out our complete Youtube playlist here: http://bit.ly/2AnvOqJ ------------------------------------- Do subscribe to our channel and hit the bell icon to never miss an update from us in the future: https://goo.gl/6ohpTV SlideShare: https://www.slideshare.net/EdurekaIN Instagram: https://www.instagram.com/edureka_learning/ Facebook: https://www.facebook.com/edurekaIN/ Twitter: https://twitter.com/edurekain LinkedIn: https://www.linkedin.com/company/edureka #edureka #pmp #pmpexamprep #pmptrainingvideos #pmpcertified #pmptraining #projectmanagementprofessionalcertification #projectmanagement ----------------------------------------------------------------- How does it work? 1. This is a 4 Week Instructor-led Online Course. 2. We have a 24x7 One-on-One LIVE Technical Support to help you with any problems you might face or any clarifications you may require during the course. 3. At the end of this course, you will be awarded a 35 Contact Hours certificate that is mandatory to apply for PMP® examination. -------------------------------------------------------------------- About The Course Online PMP® exam prep course is designed to help aspiring professionals earn PMP® certification in the first attempt. The goal of this course is to empower the current and future Project Managers to manage the project more efficiently and effectively throughout the Project Management Life Cycle. This course is taught by PMP® Certified Trainers, who have years of experience in training. These instructors have been practicing Project and Program Management with some of the top organizations across industries. They leverage their rich, hands-on industry experience to help participants understand the practical application of all the 10 knowledge areas covered in ‘The PMBOK ® Guide’ (A Guide to the Project Management Body of Knowledge) – Sixth Edition. ---------------------------------------------------------------------- Who should go for this course? PMP® Certification is useful for anyone who has Project Management experience and desires a globally recognized credential that will lead to professional career growth and recognition. ----------------------------------------------------------------------- Why learn PMP® Certification? Project Management Professional (PMP)® is a global credential offered by PMI Inc. PMP® Certification is a globally recognized, rigorous, education and/or professional experience, and examination-based credential program. It helps one understand the global language of Project Management and connect with Project Management Professionals. PMP certified professionals earn a higher salary than those not certified. Please write back to us at sales@edureka.co or call us at IND: 9606058406 / US: 18338555775 (toll free) for more information.

detail
{'title': 'Top 30 Project Manager Interview Questions and Answers | PMP Certification Training | Edureka', 'heatmap': [{'end': 599.967, 'start': 476.226, 'weight': 0.803}, {'end': 1767.38, 'start': 1678.953, 'weight': 0.743}, {'end': 1839.456, 'start': 1795.653, 'weight': 0.706}, {'end': 2041.296, 'start': 1998.403, 'weight': 0.706}, {'end': 2158.994, 'start': 2118.628, 'weight': 0.74}, {'end': 2400.792, 'start': 2358.279, 'weight': 0.745}, {'end': 3160.222, 'start': 3111.071, 'weight': 0.717}, {'end': 3364.368, 'start': 3233.183, 'weight': 0.74}, {'end': 3839.103, 'start': 3792.987, 'weight': 0.762}], 'summary': 'Covers project management essentials including interview questions, salary trends, and job openings. it discusses project management demand, insights, leadership styles, processes, techniques, team dynamics, building stages, estimation methods, risk management, time and material contracts, and project management insights. it also emphasizes the importance of choosing leadership styles based on situational perspective.', 'chapters': [{'end': 287.295, 'segs': [{'end': 76.367, 'src': 'embed', 'start': 37.278, 'weight': 0, 'content': [{'end': 40.762, 'text': 'I am working as a trainer with Edureka.', 'start': 37.278, 'duration': 3.484}, {'end': 49.773, 'text': 'Edureka offers PMP programs on behalf of PMI Edureka also happens to be the PMI REP for delivering these programs.', 'start': 40.963, 'duration': 8.81}, {'end': 53.258, 'text': 'So I had been doing this program for Edureka for a very long time.', 'start': 50.094, 'duration': 3.164}, {'end': 59.58, 'text': 'and I have had various certifications, including PMP certification from BMI,', 'start': 53.778, 'duration': 5.802}, {'end': 66.283, 'text': 'ACP again from PMI and various other certification from different certification bodies on the project management.', 'start': 59.58, 'duration': 6.703}, {'end': 70.905, 'text': "So my name is Yogesh and I'm going to be taking you through on project management questions.", 'start': 66.843, 'duration': 4.062}, {'end': 74.466, 'text': 'Okay, so to start with the first question.', 'start': 71.345, 'duration': 3.121}, {'end': 76.367, 'text': "first, who's the project manager??", 'start': 74.466, 'duration': 1.901}], 'summary': 'Yogesh, a trainer at edureka, has extensive project management certifications and experience. he will be discussing project management questions.', 'duration': 39.089, 'max_score': 37.278, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/Kl-HhaYaurE/pics/Kl-HhaYaurE37278.jpg'}, {'end': 151.431, 'src': 'embed', 'start': 128.443, 'weight': 4, 'content': [{'end': 137.331, 'text': 'So these are various phases what we have in our project irrespective of industry what we are in the phases from the PMI perspective.', 'start': 128.443, 'duration': 8.888}, {'end': 138.772, 'text': 'They are common.', 'start': 137.551, 'duration': 1.221}, {'end': 146.117, 'text': 'if I am actually representing a software industry, then my phases could be requirements gathering, analyzing the requirement,', 'start': 138.772, 'duration': 7.345}, {'end': 151.431, 'text': 'designing the requirement, coding the requirement, doing a testing and deploying.', 'start': 146.117, 'duration': 5.314}], 'summary': 'Project phases are common across industries, e.g. in software: requirements gathering, analysis, design, coding, testing, and deployment.', 'duration': 22.988, 'max_score': 128.443, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/Kl-HhaYaurE/pics/Kl-HhaYaurE128443.jpg'}, {'end': 243.564, 'src': 'embed', 'start': 201.116, 'weight': 2, 'content': [{'end': 210.962, 'text': 'which were giving us an idea of salaries of a project manager starting from maybe about 47 K USD and wearing till about 109 K dollars.', 'start': 201.116, 'duration': 9.846}, {'end': 213.706, 'text': 'and the salary.', 'start': 212.945, 'duration': 0.761}, {'end': 216.127, 'text': 'if you look at, there are two categories we have prepared.', 'start': 213.706, 'duration': 2.421}, {'end': 221.671, 'text': 'first category talks about the salary from the US perspective and the second talks about salaries in India.', 'start': 216.127, 'duration': 5.544}, {'end': 227.435, 'text': 'So, if I compare these similar salaries in India, we got a result, and this talks about 428k rupees.', 'start': 222.091, 'duration': 5.344}, {'end': 235.939, 'text': "That is how's the starting salary for project managers, and this goes on till about 2 million.", 'start': 229.896, 'duration': 6.043}, {'end': 243.564, 'text': "So that's the idea kind of the pay packages which certified and experienced project manager can get in different countries.", 'start': 236.28, 'duration': 7.284}], 'summary': 'Project manager salaries range from 47k-109k usd in the us, and 428k-2m inr in india.', 'duration': 42.448, 'max_score': 201.116, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/Kl-HhaYaurE/pics/Kl-HhaYaurE201116.jpg'}], 'start': 11.4, 'title': 'Project management essentials', 'summary': "Covers project manager interview questions, including the speaker's experience with edureka. it also provides an overview of project management roles and responsibilities, salary trends for project managers with pmi certifications, and job openings based on different salary brackets, with starting salaries ranging from 47k usd to 428k inr and experienced project managers earning up to 2 million inr.", 'chapters': [{'end': 59.58, 'start': 11.4, 'title': 'Project manager interview questions', 'summary': "Discusses the importance of project manager interview questions and the speaker's experience as a pmp-certified trainer with edureka, a pmi rep, delivering pmp programs.", 'duration': 48.18, 'highlights': ['Yogesh is a PMP-certified trainer with Edureka, a PMI REP, delivering PMP programs.', 'Edureka offers PMP programs on behalf of PMI and happens to be the PMI REP for delivering these programs.', 'Yogesh has various certifications, including PMP certification from PMI.']}, {'end': 287.295, 'start': 59.58, 'title': 'Project management overview and salary trends', 'summary': 'Covers an overview of project management roles and responsibilities, including the phases of project management and the salary trends for project managers with pmi certifications, with starting salaries ranging from 47k usd to 428k inr and experienced project managers earning up to 2 million inr, as well as job openings based on different salary brackets.', 'duration': 227.715, 'highlights': ['The starting salary for project managers with PMI certifications ranges from 47K USD to 2 million INR, indicating the potential earnings for experienced project managers. starting salary: 47K USD, up to 2 million INR', 'Job openings for project managers are categorized based on different salary brackets, with entry-level jobs at 6,800 and next-level jobs at 20,615, emphasizing the demand for experienced project managers. entry-level jobs: 6,800, next-level jobs: 20,615', 'The phases of project management, including initiating, planning, executing, monitoring and controlling, and closing, are common across industries, with the example of aligning software industry phases with PMI phases. phases: initiating, planning, executing, monitoring and controlling, closing']}], 'duration': 275.895, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/Kl-HhaYaurE/pics/Kl-HhaYaurE11400.jpg', 'highlights': ['Edureka is a PMI REP, delivering PMP programs.', 'Yogesh has various certifications, including PMP certification from PMI.', 'Starting salary for project managers with PMI certifications ranges from 47K USD to 2 million INR.', 'Job openings for project managers are categorized based on different salary brackets, with entry-level jobs at 6,800 and next-level jobs at 20,615.', 'The phases of project management are common across industries, with the example of aligning software industry phases with PMI phases.']}, {'end': 859.115, 'segs': [{'end': 335.463, 'src': 'embed', 'start': 287.296, 'weight': 0, 'content': [{'end': 289.498, 'text': "So that's a rough idea for us.", 'start': 287.296, 'duration': 2.202}, {'end': 291.52, 'text': 'And why are we talking about this?', 'start': 289.878, 'duration': 1.642}, {'end': 296.625, 'text': 'is basically to give you a confidence that the knowledge, what you earn and these certifications,', 'start': 291.52, 'duration': 5.105}, {'end': 301.65, 'text': 'what you are able to clear after attending our project management professional exams.', 'start': 296.625, 'duration': 5.025}, {'end': 309.884, 'text': 'This will give you a kind of very good placements in good organizations and these jobs of project manager will continue to be in demand.', 'start': 302.339, 'duration': 7.545}, {'end': 317.95, 'text': 'If I may ask you why is that demand going to be continuing? The reason is every organization has a need of projects.', 'start': 310.585, 'duration': 7.365}, {'end': 327.377, 'text': 'They are also into the operations, but at the same time within operations, they would like to achieve certain results in a given point in time.', 'start': 318.611, 'duration': 8.766}, {'end': 335.463, 'text': 'So projects are required when an organization wants to produce some unique product, service or result,', 'start': 327.957, 'duration': 7.506}], 'summary': "Attending project management professional exams can lead to good placements, as project manager jobs will continue to be in demand due to organizations' need for projects to produce unique products, services, or results.", 'duration': 48.167, 'max_score': 287.296, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/Kl-HhaYaurE/pics/Kl-HhaYaurE287296.jpg'}, {'end': 500.531, 'src': 'embed', 'start': 476.226, 'weight': 4, 'content': [{'end': 486.475, 'text': 'So project management is all about using the knowledge what you have following 49 processes which are part of our PMBOK guide 6th edition,', 'start': 476.226, 'duration': 10.249}, {'end': 491.7, 'text': 'which carries 10 knowledge areas, which also carries 5 process groups.', 'start': 486.475, 'duration': 5.225}, {'end': 500.531, 'text': 'So following the project management standards as laid by PMI in PMBOK guide 6th edition, which contains 49 processes,', 'start': 492.347, 'duration': 8.184}], 'summary': 'Project management follows 49 processes in pmbok guide 6th edition.', 'duration': 24.305, 'max_score': 476.226, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/Kl-HhaYaurE/pics/Kl-HhaYaurE476226.jpg'}, {'end': 599.967, 'src': 'heatmap', 'start': 476.226, 'weight': 0.803, 'content': [{'end': 486.475, 'text': 'So project management is all about using the knowledge what you have following 49 processes which are part of our PMBOK guide 6th edition,', 'start': 476.226, 'duration': 10.249}, {'end': 491.7, 'text': 'which carries 10 knowledge areas, which also carries 5 process groups.', 'start': 486.475, 'duration': 5.225}, {'end': 500.531, 'text': 'So following the project management standards as laid by PMI in PMBOK guide 6th edition, which contains 49 processes,', 'start': 492.347, 'duration': 8.184}, {'end': 512.357, 'text': '10 knowledge areas and 5 process group, and, at the same time, ensuring that we carry out a good balance between the constraints of the project.', 'start': 500.531, 'duration': 11.826}, {'end': 520.462, 'text': 'So there are three main constraints in a project first is scope second is time and third is cost.', 'start': 512.818, 'duration': 7.644}, {'end': 528.884, 'text': 'And if I may draw a triangle representing these three, we call that as the triple constraint triangle scope, time and cost.', 'start': 521.042, 'duration': 7.842}, {'end': 534.545, 'text': 'now, as a project manager, or maybe I would say a characteristics of a good project management,', 'start': 528.884, 'duration': 5.661}, {'end': 539.727, 'text': 'is to ensure there is a good balance maintained between scope, time and cost.', 'start': 534.545, 'duration': 5.182}, {'end': 542.467, 'text': 'see, I would not say that the constraints cannot come in.', 'start': 539.727, 'duration': 2.74}, {'end': 548.989, 'text': 'constraints will come in, but a good project management can understand these constraints and maintain a balance.', 'start': 542.467, 'duration': 6.522}, {'end': 552.611, 'text': 'Now these three are called as my triple constraints.', 'start': 549.449, 'duration': 3.162}, {'end': 559.295, 'text': 'However, there are three more constraints which is quality which is risk and which is resources.', 'start': 553.011, 'duration': 6.284}, {'end': 566.139, 'text': 'So these six are the major areas wherein there is a chance of having an imbalance.', 'start': 560.095, 'duration': 6.044}, {'end': 570.641, 'text': 'a good project management is about making sure that we understand these areas.', 'start': 566.139, 'duration': 4.502}, {'end': 575.544, 'text': 'We understand these concerns and we address the problems coming out from this in an amicable way.', 'start': 570.721, 'duration': 4.823}, {'end': 578.286, 'text': "That's what is a good project management all about.", 'start': 576.145, 'duration': 2.141}, {'end': 584.953, 'text': 'So to just make project management an easy way to remember we have actually created a few words.', 'start': 578.866, 'duration': 6.087}, {'end': 592.823, 'text': 'We call that as a 6 P first word says proper planning prevents poor project performance.', 'start': 585.274, 'duration': 7.549}, {'end': 599.967, 'text': "That means if I'm going to be planning it nicely if I consider on various knowledge areas various processes.", 'start': 593.423, 'duration': 6.544}], 'summary': 'Project management entails following 49 processes, 10 knowledge areas, and 5 process groups to maintain balance between scope, time, and cost, alongside addressing quality, risk, and resource constraints.', 'duration': 123.741, 'max_score': 476.226, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/Kl-HhaYaurE/pics/Kl-HhaYaurE476226.jpg'}, {'end': 559.295, 'src': 'embed', 'start': 528.884, 'weight': 5, 'content': [{'end': 534.545, 'text': 'now, as a project manager, or maybe I would say a characteristics of a good project management,', 'start': 528.884, 'duration': 5.661}, {'end': 539.727, 'text': 'is to ensure there is a good balance maintained between scope, time and cost.', 'start': 534.545, 'duration': 5.182}, {'end': 542.467, 'text': 'see, I would not say that the constraints cannot come in.', 'start': 539.727, 'duration': 2.74}, {'end': 548.989, 'text': 'constraints will come in, but a good project management can understand these constraints and maintain a balance.', 'start': 542.467, 'duration': 6.522}, {'end': 552.611, 'text': 'Now these three are called as my triple constraints.', 'start': 549.449, 'duration': 3.162}, {'end': 559.295, 'text': 'However, there are three more constraints which is quality which is risk and which is resources.', 'start': 553.011, 'duration': 6.284}], 'summary': 'Good project management maintains balance among scope, time, and cost, along with quality, risk, and resources.', 'duration': 30.411, 'max_score': 528.884, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/Kl-HhaYaurE/pics/Kl-HhaYaurE528884.jpg'}, {'end': 599.967, 'src': 'embed', 'start': 570.721, 'weight': 6, 'content': [{'end': 575.544, 'text': 'We understand these concerns and we address the problems coming out from this in an amicable way.', 'start': 570.721, 'duration': 4.823}, {'end': 578.286, 'text': "That's what is a good project management all about.", 'start': 576.145, 'duration': 2.141}, {'end': 584.953, 'text': 'So to just make project management an easy way to remember we have actually created a few words.', 'start': 578.866, 'duration': 6.087}, {'end': 592.823, 'text': 'We call that as a 6 P first word says proper planning prevents poor project performance.', 'start': 585.274, 'duration': 7.549}, {'end': 599.967, 'text': "That means if I'm going to be planning it nicely if I consider on various knowledge areas various processes.", 'start': 593.423, 'duration': 6.544}], 'summary': 'Good project management involves proper planning to prevent poor project performance.', 'duration': 29.246, 'max_score': 570.721, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/Kl-HhaYaurE/pics/Kl-HhaYaurE570721.jpg'}, {'end': 693.39, 'src': 'embed', 'start': 663.312, 'weight': 7, 'content': [{'end': 664.793, 'text': 'then comes up program.', 'start': 663.312, 'duration': 1.481}, {'end': 669.976, 'text': 'a program, basically, is a group of interrelated projects.', 'start': 664.793, 'duration': 5.183}, {'end': 676.549, 'text': 'Interrelated project could also means that there is a dependency what we have between them.', 'start': 670.817, 'duration': 5.732}, {'end': 686.087, 'text': 'So when the projects have a dependency between them and they are able to produce some collective benefit.', 'start': 677.364, 'duration': 8.723}, {'end': 689.609, 'text': 'So for a program there are three things, what we are referring.', 'start': 686.087, 'duration': 3.522}, {'end': 693.39, 'text': 'First, that it should be interrelated projects.', 'start': 689.609, 'duration': 3.781}], 'summary': 'A program consists of interrelated projects with dependencies, aiming to produce collective benefits.', 'duration': 30.078, 'max_score': 663.312, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/Kl-HhaYaurE/pics/Kl-HhaYaurE663312.jpg'}, {'end': 743.299, 'src': 'embed', 'start': 716.739, 'weight': 8, 'content': [{'end': 725.645, 'text': 'So, to sum up, it is the collection of interrelated projects which are dependent, which are related and which are producing some collective benefit,', 'start': 716.739, 'duration': 8.906}, {'end': 727.046, 'text': 'which cannot be produced otherwise.', 'start': 725.645, 'duration': 1.401}, {'end': 729.908, 'text': 'Third, we have a portfolio.', 'start': 727.666, 'duration': 2.242}, {'end': 736.273, 'text': 'Now portfolio can be a collection of projects or sub-projects or programs.', 'start': 729.908, 'duration': 6.365}, {'end': 743.299, 'text': 'So it could be a combination from project, sub-project or program, and that is what we would call that as a portfolio.', 'start': 736.273, 'duration': 7.026}], 'summary': 'Project management involves interrelated projects producing collective benefits, forming a portfolio.', 'duration': 26.56, 'max_score': 716.739, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/Kl-HhaYaurE/pics/Kl-HhaYaurE716739.jpg'}], 'start': 287.296, 'title': 'The importance and insights of project management', 'summary': "Discusses the demand for project managers in organizations, emphasizing achieving specific results within a limited time, with examples from the automobile and hotel industries. it also provides insights into key components of project management, including triple constraints, 6 p's of project management, and differences between project, program, and portfolio management.", 'chapters': [{'end': 435.61, 'start': 287.296, 'title': 'Importance of project management in organizations', 'summary': 'Emphasizes the demand for project managers in organizations due to the continuous need for projects to achieve specific results within a limited time, with examples from the automobile and hotel industries.', 'duration': 148.314, 'highlights': ['The demand for project managers is fueled by the continuous need for organizations to achieve specific results within a limited time, as exemplified by the automobile and hotel industries.', 'Project management certifications can lead to good placements in organizations, highlighting the value of knowledge and certifications in the field.', 'Organizations require projects to produce unique products, services, or results within a defined timeframe, contributing to the ongoing demand for project managers.', 'In the example of a hotel with low occupancy rates, a project could be initiated to improve the occupancy rate within a set timeframe, demonstrating the practical application of project management principles.', 'Project management professional exams can provide individuals with the confidence and skills to excel in project management roles, leading to opportunities in high-demand organizations.']}, {'end': 859.115, 'start': 435.95, 'title': 'Project management insights', 'summary': "Provides insights into project management, including key components like triple constraints, 6 p's of project management, and differences between project, program, and portfolio management.", 'duration': 423.165, 'highlights': ['Project management involves implementing various processes, methods, and knowledge from PMBOK guide 6th edition, containing 49 processes, 10 knowledge areas, and 5 process groups to achieve unique project objectives while maintaining a balance between scope, time, and cost. Project management involves implementing various processes, methods, and knowledge from PMBOK guide 6th edition, containing 49 processes, 10 knowledge areas, and 5 process groups to achieve unique project objectives while maintaining a balance between scope, time, and cost.', 'The triple constraints of project management include scope, time, and cost, and a good project manager ensures a balance between these constraints, as well as understanding and addressing concerns related to quality, risk, and resources. The triple constraints of project management include scope, time, and cost, and a good project manager ensures a balance between these constraints, as well as understanding and addressing concerns related to quality, risk, and resources.', "The 6 P's of project management emphasize proper planning to prevent poor project performance, incorporating considerations of knowledge areas, processes, constraints, and risks. The 6 P's of project management emphasize proper planning to prevent poor project performance, incorporating considerations of knowledge areas, processes, constraints, and risks.", 'A program is a collection of interrelated projects with dependencies, producing collective benefits that cannot be derived if the projects were executed separately. A program is a collection of interrelated projects with dependencies, producing collective benefits that cannot be derived if the projects were executed separately.', 'A portfolio is a collection of projects, sub-projects, or programs, which may or may not be related, dependent, or able to produce collective benefits, with operations being optional to include in the portfolio. A portfolio is a collection of projects, sub-projects, or programs, which may or may not be related, dependent, or able to produce collective benefits, with operations being optional to include in the portfolio.']}], 'duration': 571.819, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/Kl-HhaYaurE/pics/Kl-HhaYaurE287296.jpg', 'highlights': ['The demand for project managers is fueled by the continuous need for organizations to achieve specific results within a limited time, as exemplified by the automobile and hotel industries.', 'Project management certifications can lead to good placements in organizations, highlighting the value of knowledge and certifications in the field.', 'Organizations require projects to produce unique products, services, or results within a defined timeframe, contributing to the ongoing demand for project managers.', 'Project management professional exams can provide individuals with the confidence and skills to excel in project management roles, leading to opportunities in high-demand organizations.', 'Project management involves implementing various processes, methods, and knowledge from PMBOK guide 6th edition, containing 49 processes, 10 knowledge areas, and 5 process groups to achieve unique project objectives while maintaining a balance between scope, time, and cost.', 'The triple constraints of project management include scope, time, and cost, and a good project manager ensures a balance between these constraints, as well as understanding and addressing concerns related to quality, risk, and resources.', "The 6 P's of project management emphasize proper planning to prevent poor project performance, incorporating considerations of knowledge areas, processes, constraints, and risks.", 'A program is a collection of interrelated projects with dependencies, producing collective benefits that cannot be derived if the projects were executed separately.', 'A portfolio is a collection of projects, sub-projects, or programs, which may or may not be related, dependent, or able to produce collective benefits, with operations being optional to include in the portfolio.']}, {'end': 1613.159, 'segs': [{'end': 909.495, 'src': 'embed', 'start': 881.139, 'weight': 0, 'content': [{'end': 886.061, 'text': 'It says elaborate the project management life cycle approach.', 'start': 881.139, 'duration': 4.922}, {'end': 891.923, 'text': "So what's the project life cycle? We said project life cycle basically talks about of five items.", 'start': 886.621, 'duration': 5.302}, {'end': 900.187, 'text': 'What are those five items? Initiating, planning, executing, monitoring and controlling and closing or we can call that as a closer.', 'start': 892.284, 'duration': 7.903}, {'end': 901.988, 'text': 'So actually there are five stages.', 'start': 900.707, 'duration': 1.281}, {'end': 904.11, 'text': 'So what we have done is three stages.', 'start': 902.549, 'duration': 1.561}, {'end': 909.495, 'text': 'We have written separately which is initiating planning and closer and executing and monitoring and control.', 'start': 904.15, 'duration': 5.345}], 'summary': 'The project management life cycle consists of five stages: initiating, planning, executing, monitoring and controlling, and closing.', 'duration': 28.356, 'max_score': 881.139, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/Kl-HhaYaurE/pics/Kl-HhaYaurE881139.jpg'}, {'end': 972.245, 'src': 'embed', 'start': 945.988, 'weight': 1, 'content': [{'end': 951.614, 'text': 'question number four says what are the most important skills that a project manager should possess?', 'start': 945.988, 'duration': 5.626}, {'end': 959.355, 'text': 'So there are many skills what a project manager should have, starting from communication and maybe to let you know,', 'start': 952.449, 'duration': 6.906}, {'end': 968.622, 'text': 'communication is one such item wherein the project manager spends 90% of his time.', 'start': 959.355, 'duration': 9.267}, {'end': 972.245, 'text': '90% of his time goes in the communication.', 'start': 968.622, 'duration': 3.623}], 'summary': 'A project manager should possess strong communication skills, as 90% of their time is spent on communication.', 'duration': 26.257, 'max_score': 945.988, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/Kl-HhaYaurE/pics/Kl-HhaYaurE945988.jpg'}, {'end': 1367.205, 'src': 'embed', 'start': 1342.106, 'weight': 3, 'content': [{'end': 1351.531, 'text': "it's like I'm trying to deliver the complex tasks in the beginning and then trying to go over for the remaining tasks so we can always order the task by the efforts which are required.", 'start': 1342.106, 'duration': 9.425}, {'end': 1356.353, 'text': 'okay, the fifth says stay flexible and ready to accept.', 'start': 1351.531, 'duration': 4.822}, {'end': 1360.339, 'text': 'now when we are doing a prioritization,', 'start': 1357.196, 'duration': 3.143}, {'end': 1367.205, 'text': 'we should not be making our schedule so heavily packed up that there is no scope for any change or any flexibility.', 'start': 1360.339, 'duration': 6.866}], 'summary': 'Prioritize tasks based on effort, stay flexible, and avoid overpacking schedule.', 'duration': 25.099, 'max_score': 1342.106, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/Kl-HhaYaurE/pics/Kl-HhaYaurE1342106.jpg'}, {'end': 1482.814, 'src': 'embed', 'start': 1457.848, 'weight': 2, 'content': [{'end': 1465.139, 'text': 'So let us talk about of this style which we are referring to, that as Supporter, Coaching, Delegate, Tell.', 'start': 1457.848, 'duration': 7.291}, {'end': 1466.821, 'text': 'So there are many styles.', 'start': 1465.139, 'duration': 1.682}, {'end': 1468.043, 'text': 'what we can adopt.', 'start': 1466.821, 'duration': 1.222}, {'end': 1471.427, 'text': 'A supportive style, for example, will be very good.', 'start': 1468.043, 'duration': 3.384}, {'end': 1478.271, 'text': 'when you wanted to have high dependency on the team and you want to make them to take decision on supporting means.', 'start': 1471.427, 'duration': 6.844}, {'end': 1482.814, 'text': 'you will support them in taking a relationship, you will support them in getting the job done,', 'start': 1478.271, 'duration': 4.543}], 'summary': 'Different leadership styles include supporter, coaching, delegate, tell, which can be adopted based on team dependency and decision-making needs.', 'duration': 24.966, 'max_score': 1457.848, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/Kl-HhaYaurE/pics/Kl-HhaYaurE1457848.jpg'}, {'end': 1613.159, 'src': 'embed', 'start': 1580.056, 'weight': 4, 'content': [{'end': 1584.798, 'text': "when you are answering this question on what's the ideal project, there are few questions that should go into your mind,", 'start': 1580.056, 'duration': 4.742}, {'end': 1587.86, 'text': 'and those questions are what kind of a work you enjoy the most?', 'start': 1584.798, 'duration': 3.062}, {'end': 1590.462, 'text': 'How much creativity you would like to show?', 'start': 1588.681, 'duration': 1.781}, {'end': 1592.924, 'text': 'Are you okay to work under deadlines?', 'start': 1590.743, 'duration': 2.181}, {'end': 1595.066, 'text': 'or maybe you are able to work under deadlines much better?', 'start': 1592.924, 'duration': 2.142}, {'end': 1599.709, 'text': 'How comfortable you are when you are trying new things on a project?', 'start': 1595.646, 'duration': 4.063}, {'end': 1605.273, 'text': 'Are you okay to receive full credit for your work yourself or you are okay to share credit with others?', 'start': 1600.39, 'duration': 4.883}, {'end': 1613.159, 'text': 'Are you getting the credit from the people already or you feel like there is a challenge and you are not given adequate credit of the work what you are doing?', 'start': 1606.154, 'duration': 7.005}], 'summary': 'Consider work preferences, creativity, deadlines, and credit sharing in ideal project selection.', 'duration': 33.103, 'max_score': 1580.056, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/Kl-HhaYaurE/pics/Kl-HhaYaurE1580056.jpg'}], 'start': 859.115, 'title': 'Project management and leadership styles', 'summary': 'Covers project management insights including differences between project, program, portfolio, and operations, project management life cycle approach, essential skills for project managers, and prioritization of tasks. it also discusses leadership styles, emphasizing the importance of choosing a style based on situational perspective and considerations for an ideal project such as work enjoyment, creativity, working under deadlines, embracing new challenges, and receiving credit for work.', 'chapters': [{'end': 1437.596, 'start': 859.115, 'title': 'Project management insights', 'summary': 'Covers the differences between project, program, portfolio, and operations, the project management life cycle approach including the five stages, the essential skills for project managers, the initial steps for a new project manager, and the prioritization of tasks based on urgency, importance, value, and effort.', 'duration': 578.481, 'highlights': ['The project management life cycle includes five stages: initiating, planning, executing, monitoring and controlling, and closing, with monitoring and control as a phase that continues throughout the project.', 'Communication is a crucial skill for project managers, occupying 90% of their time, followed by leadership qualities, team management, negotiation power, organization, and risk management.', 'The initial steps for a new project manager involve listening, observing, understanding client needs, knowing the team and their personalities, learning new skills, helping around the workplace, and mastering the tools available.', 'Prioritization of tasks involves categorizing them based on urgency and importance, assessing their value, ordering them by estimated efforts, staying flexible, and knowing when to say no to new requirements.']}, {'end': 1613.159, 'start': 1438.16, 'title': 'Leadership styles and ideal project', 'summary': 'Discusses different leadership styles, including supportive, coaching, delegate, and tell, emphasizing the importance of choosing a style based on situational perspective and ensuring team motivation. it then addresses the considerations for an ideal project, such as work enjoyment, creativity, working under deadlines, embracing new challenges, and receiving credit for work.', 'duration': 174.999, 'highlights': ['Different leadership styles are discussed, including Supportive, Coaching, Delegate, and Tell, emphasizing the importance of choosing a style based on situational perspective and ensuring team motivation. The chapter elaborates on the Supportive, Coaching, Delegate, and Tell leadership styles, highlighting the need to select a suitable style based on the situational perspective to ensure team motivation and progress.', "Considerations for an ideal project are addressed, including work enjoyment, creativity, working under deadlines, embracing new challenges, and receiving credit for work. The chapter delves into the considerations for an ideal project, covering aspects such as work enjoyment, creativity, meeting deadlines, embracing new challenges, and the importance of receiving due credit for one's work."]}], 'duration': 754.044, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/Kl-HhaYaurE/pics/Kl-HhaYaurE859115.jpg', 'highlights': ['The project management life cycle includes five stages: initiating, planning, executing, monitoring and controlling, and closing, with monitoring and control as a phase that continues throughout the project.', 'Communication is a crucial skill for project managers, occupying 90% of their time, followed by leadership qualities, team management, negotiation power, organization, and risk management.', 'Different leadership styles are discussed, including Supportive, Coaching, Delegate, and Tell, emphasizing the importance of choosing a style based on situational perspective and ensuring team motivation.', 'Prioritization of tasks involves categorizing them based on urgency and importance, assessing their value, ordering them by estimated efforts, staying flexible, and knowing when to say no to new requirements.', 'Considerations for an ideal project are addressed, including work enjoyment, creativity, working under deadlines, embracing new challenges, and receiving credit for work.']}, {'end': 2022.701, 'segs': [{'end': 1660.096, 'src': 'embed', 'start': 1635.32, 'weight': 0, 'content': [{'end': 1643.766, 'text': 'okay, next question, which talks about of what are the various processes and process groups in the project management framework.', 'start': 1635.32, 'duration': 8.446}, {'end': 1651.71, 'text': 'So when we talk about of various processes and process groups, so in total there are 49 processes and there are five process groups.', 'start': 1644.466, 'duration': 7.244}, {'end': 1655.032, 'text': 'Let us start with getting to know the definition of a process.', 'start': 1652.291, 'duration': 2.741}, {'end': 1660.096, 'text': 'A process is a defined way of doing tasks involved in a project.', 'start': 1655.473, 'duration': 4.623}], 'summary': 'Project management framework consists of 49 processes and 5 process groups, defining a process as a defined way of doing project tasks.', 'duration': 24.776, 'max_score': 1635.32, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/Kl-HhaYaurE/pics/Kl-HhaYaurE1635320.jpg'}, {'end': 1767.38, 'src': 'heatmap', 'start': 1678.953, 'weight': 0.743, 'content': [{'end': 1680.454, 'text': "that's also a process.", 'start': 1678.953, 'duration': 1.501}, {'end': 1683.635, 'text': 'You have few inputs, which are few ingredients,', 'start': 1680.454, 'duration': 3.181}, {'end': 1691.558, 'text': 'and you are taking a decision basically to ensure that you are following those processes and you are able to produce some output.', 'start': 1683.635, 'duration': 7.923}, {'end': 1693.283, 'text': "So that's also a process.", 'start': 1692.242, 'duration': 1.041}, {'end': 1694.765, 'text': 'So what are process groups?', 'start': 1693.684, 'duration': 1.081}, {'end': 1700.711, 'text': 'There are five process group, starting from initiating, which is the beginning phase.', 'start': 1695.005, 'duration': 5.706}, {'end': 1705.716, 'text': 'we have then planning, then executing, then monitoring and control and closing.', 'start': 1700.711, 'duration': 5.005}, {'end': 1707.538, 'text': 'So there are five phases.', 'start': 1705.836, 'duration': 1.702}, {'end': 1713.204, 'text': 'We have the first phase when we start is the initiating and the last phase when we exit is closing process.', 'start': 1707.578, 'duration': 5.626}, {'end': 1718.449, 'text': 'So the process is like developing a charter identifying the stakeholders.', 'start': 1713.684, 'duration': 4.765}, {'end': 1728.478, 'text': 'all that is part of initiating, whereas planning for scope, schedule, cost, quality, resources, communication, risk, procurement,', 'start': 1718.449, 'duration': 10.029}, {'end': 1733.182, 'text': 'stakeholder planning for each of those items is basically part of my planning processes.', 'start': 1728.478, 'duration': 4.704}, {'end': 1734.703, 'text': 'In execution.', 'start': 1733.702, 'duration': 1.001}, {'end': 1738.845, 'text': 'we execute what has been planned and monitoring and control, as the name says.', 'start': 1734.703, 'duration': 4.142}, {'end': 1742.808, 'text': 'we do a consistent monitoring and close to ensure whatever got planned.', 'start': 1738.845, 'duration': 3.963}, {'end': 1751.593, 'text': 'We should check our current performance levels from the planning and ensure there are actions taken to meet the performance objective and the plan,', 'start': 1743.128, 'duration': 8.465}, {'end': 1753.034, 'text': 'which has been already signed and approved.', 'start': 1751.593, 'duration': 1.441}, {'end': 1756.095, 'text': 'What kind of actions these actions could be preventive actions.', 'start': 1753.374, 'duration': 2.721}, {'end': 1767.38, 'text': 'These actions could be corrective actions and these action could be repair actions to ensure needful is done so that I meet my plans and specially pertaining to plans such as cost plan,', 'start': 1756.736, 'duration': 10.644}], 'summary': 'Process groups in project management involve initiating, planning, executing, monitoring, and closing, with specific tasks and actions for each phase.', 'duration': 88.427, 'max_score': 1678.953, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/Kl-HhaYaurE/pics/Kl-HhaYaurE1678953.jpg'}, {'end': 1742.808, 'src': 'embed', 'start': 1707.578, 'weight': 1, 'content': [{'end': 1713.204, 'text': 'We have the first phase when we start is the initiating and the last phase when we exit is closing process.', 'start': 1707.578, 'duration': 5.626}, {'end': 1718.449, 'text': 'So the process is like developing a charter identifying the stakeholders.', 'start': 1713.684, 'duration': 4.765}, {'end': 1728.478, 'text': 'all that is part of initiating, whereas planning for scope, schedule, cost, quality, resources, communication, risk, procurement,', 'start': 1718.449, 'duration': 10.029}, {'end': 1733.182, 'text': 'stakeholder planning for each of those items is basically part of my planning processes.', 'start': 1728.478, 'duration': 4.704}, {'end': 1734.703, 'text': 'In execution.', 'start': 1733.702, 'duration': 1.001}, {'end': 1738.845, 'text': 'we execute what has been planned and monitoring and control, as the name says.', 'start': 1734.703, 'duration': 4.142}, {'end': 1742.808, 'text': 'we do a consistent monitoring and close to ensure whatever got planned.', 'start': 1738.845, 'duration': 3.963}], 'summary': 'Project management involves initiating, planning, executing, monitoring, and closing processes.', 'duration': 35.23, 'max_score': 1707.578, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/Kl-HhaYaurE/pics/Kl-HhaYaurE1707578.jpg'}, {'end': 1839.456, 'src': 'heatmap', 'start': 1795.653, 'weight': 0.706, 'content': [{'end': 1800.715, 'text': 'They are aligned with 5 process group and they are also aligned with 10 knowledge areas.', 'start': 1795.653, 'duration': 5.062}, {'end': 1804.678, 'text': 'okay, So let us understand the knowledge areas now.', 'start': 1800.715, 'duration': 3.963}, {'end': 1812.326, 'text': 'as we said, there are 10 knowledge areas, starting from project integration management, project scope management, project schedule management,', 'start': 1804.678, 'duration': 7.648}, {'end': 1818.952, 'text': 'project cost management, project quality management, project resource management, project communication management, project risk management,', 'start': 1812.326, 'duration': 6.626}, {'end': 1821.595, 'text': 'project procurement management and project stakeholder management.', 'start': 1818.952, 'duration': 2.643}, {'end': 1828.507, 'text': 'So the all processes what we have they are primarily part of each of the knowledge area.', 'start': 1822.282, 'duration': 6.225}, {'end': 1830.749, 'text': 'Let me give you few example.', 'start': 1829.047, 'duration': 1.702}, {'end': 1834.492, 'text': 'a process called develop project charter is part of my integration management.', 'start': 1830.749, 'duration': 3.743}, {'end': 1839.456, 'text': 'a process called close project or close phase is also part of integration management.', 'start': 1834.492, 'duration': 4.964}], 'summary': "Aligned with 5 process groups and 10 knowledge areas, processes are linked to specific knowledge areas, e.g. 'develop project charter' is part of integration management.", 'duration': 43.803, 'max_score': 1795.653, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/Kl-HhaYaurE/pics/Kl-HhaYaurE1795653.jpg'}, {'end': 1961.904, 'src': 'embed', 'start': 1919.339, 'weight': 3, 'content': [{'end': 1927.545, 'text': "So that's how these processes are lined up with the knowledge area and these processes are also aligned with reference to five process groups we have.", 'start': 1919.339, 'duration': 8.206}, {'end': 1931.547, 'text': "So that's the alignment of the knowledge area and the process group and the processes.", 'start': 1927.905, 'duration': 3.642}, {'end': 1933.509, 'text': 'Okay, got a good picture.', 'start': 1932.088, 'duration': 1.421}, {'end': 1935.21, 'text': "Okay, we'll move next.", 'start': 1933.529, 'duration': 1.681}, {'end': 1941.194, 'text': 'Next question what I have is how would you handle a difficult stakeholder involved in your project?', 'start': 1935.79, 'duration': 5.404}, {'end': 1947.257, 'text': 'See, in project you may get many stakeholders, some with high authority, high power, low interest.', 'start': 1941.674, 'duration': 5.583}, {'end': 1949.918, 'text': 'Some will be having high interest and low power.', 'start': 1947.657, 'duration': 2.261}, {'end': 1951.399, 'text': 'Let us understand how do we handle it.', 'start': 1949.998, 'duration': 1.401}, {'end': 1955.961, 'text': 'So first of all please accept the authority whatever they wanted to impose.', 'start': 1951.819, 'duration': 4.142}, {'end': 1958.062, 'text': 'Let us not bring in any debate or a fight.', 'start': 1956.181, 'duration': 1.881}, {'end': 1961.904, 'text': 'Second please remove the emotion quotient from your mind.', 'start': 1958.443, 'duration': 3.461}], 'summary': 'Processes align with knowledge areas and process groups. handling difficult stakeholders involves accepting authority and removing emotion.', 'duration': 42.565, 'max_score': 1919.339, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/Kl-HhaYaurE/pics/Kl-HhaYaurE1919339.jpg'}], 'start': 1613.974, 'title': 'Project management processes and stakeholder management', 'summary': 'Provides an overview of 49 project management processes across five process groups, emphasizing task definition, sequence, monitoring, and control. it also discusses aligning processes with 10 knowledge areas, handling difficult stakeholders, and the importance of understanding, patience, tactfulness, and customized communication.', 'chapters': [{'end': 1756.095, 'start': 1613.974, 'title': 'Project management processes overview', 'summary': 'Provides an overview of project management processes, including the 49 processes and five process groups, and emphasizes the significance of defining tasks and sequences within a project, along with the importance of consistent monitoring and control.', 'duration': 142.121, 'highlights': ['There are 49 processes and five process groups in project management. The chapter mentions the presence of 49 processes and five process groups in project management, providing a comprehensive overview of the framework.', 'Defining tasks and sequences within a project is crucial. Emphasizes the significance of defining tasks and sequences within a project, highlighting the essential nature of structured processes in project management.', 'Consistent monitoring and control are vital for project success. Stresses the importance of consistent monitoring and control to ensure that planned objectives are met and to take preventive actions if necessary.']}, {'end': 2022.701, 'start': 1756.736, 'title': 'Project management: processes, knowledge areas, and stakeholder management', 'summary': 'Discusses the alignment of processes with 10 knowledge areas and 5 process groups in project management, along with strategies for handling difficult stakeholders, emphasizing the importance of understanding, patience, tactfulness, and customized communication.', 'duration': 265.965, 'highlights': ['The chapter explains the alignment of processes with 10 knowledge areas and 5 process groups in project management. Understanding the alignment of processes with 10 knowledge areas and 5 process groups in project management is crucial for effective project planning and execution.', 'Strategies for handling difficult stakeholders are discussed, including accepting authority, removing emotion, understanding the issues, patient listening, being tactful, honest decision-making, appreciation, relationship establishment, and customized communication. The strategies for handling difficult stakeholders involve accepting authority, removing emotion, understanding issues, patient listening, tactfulness, honest decision-making, appreciation, relationship establishment, and customized communication, contributing to effective stakeholder management in projects.']}], 'duration': 408.727, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/Kl-HhaYaurE/pics/Kl-HhaYaurE1613974.jpg', 'highlights': ['The chapter provides an overview of 49 project management processes across five process groups.', 'Emphasizes the significance of defining tasks and sequences within a project.', 'Stresses the importance of consistent monitoring and control for project success.', 'Understanding the alignment of processes with 10 knowledge areas and 5 process groups is crucial for effective project planning and execution.', 'Strategies for handling difficult stakeholders involve accepting authority, removing emotion, understanding issues, patient listening, tactfulness, honest decision-making, appreciation, relationship establishment, and customized communication.']}, {'end': 2569.795, 'segs': [{'end': 2094.175, 'src': 'embed', 'start': 2023.51, 'weight': 0, 'content': [{'end': 2027.611, 'text': 'Have you heard of a word called RAID R-A-I-D in project management?', 'start': 2023.51, 'duration': 4.101}, {'end': 2037.675, 'text': 'R-A-I-D in project management is just kind of a idea for keeping four words in your mind, which is R stands for risk, A stands for assumptions,', 'start': 2028.192, 'duration': 9.483}, {'end': 2041.296, 'text': 'I stand for issue and D stands for dependencies.', 'start': 2037.675, 'duration': 3.621}, {'end': 2046.84, 'text': 'Now, let me differentiate between two words in this, which are generally confusing The word.', 'start': 2041.916, 'duration': 4.924}, {'end': 2052.063, 'text': 'risk is about a probability of an event to happen in future.', 'start': 2046.84, 'duration': 5.223}, {'end': 2058.429, 'text': "So it's like an item which is uncertain now and you are saying there is a probability that this event may happen in future.", 'start': 2052.063, 'duration': 6.366}, {'end': 2066.402, 'text': 'So risk is all about probability and impact, the uncertain condition, what we are discussing that can arise in the future.', 'start': 2058.429, 'duration': 7.973}, {'end': 2068.324, 'text': 'this is what we call that as a risk.', 'start': 2066.402, 'duration': 1.922}, {'end': 2074.806, 'text': 'whereas when we use a word called issue, issue means something which has already happened in past.', 'start': 2068.324, 'duration': 6.482}, {'end': 2081.33, 'text': 'so you can only make corrective actions to come out from the issue and maybe resolve whatever problems the issue has created,', 'start': 2074.806, 'duration': 6.524}, {'end': 2084.391, 'text': 'whereas when we talk about of a risk,', 'start': 2081.81, 'duration': 2.581}, {'end': 2094.175, 'text': 'we refer to the uncertainty of certain event to happen in future and we can plan for the risk response in advance itself.', 'start': 2084.391, 'duration': 9.784}], 'summary': 'Raid in project management involves managing risk, assumptions, issues, and dependencies. risk is about uncertain future events, while issues are events that have already occurred.', 'duration': 70.665, 'max_score': 2023.51, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/Kl-HhaYaurE/pics/Kl-HhaYaurE2023510.jpg'}, {'end': 2158.994, 'src': 'heatmap', 'start': 2118.628, 'weight': 0.74, 'content': [{'end': 2121.771, 'text': "so that's a difference between the risk and the issues.", 'start': 2118.628, 'duration': 3.143}, {'end': 2130.497, 'text': 'next question for us when you consider that your project is off track and what will be these steps you will ensure so that it finishes in time?', 'start': 2121.771, 'duration': 8.726}, {'end': 2136.68, 'text': 'See, there are few pointers for us to get to know, and these pointers are also linked with monitoring and control.', 'start': 2130.857, 'duration': 5.823}, {'end': 2141.623, 'text': 'actually, if I talk about from the phases of the project life cycle, they are related with the monitoring and tracking.', 'start': 2136.68, 'duration': 4.943}, {'end': 2145.064, 'text': 'So what we can look at here is look at few points.', 'start': 2142.143, 'duration': 2.921}, {'end': 2150.107, 'text': 'For example, how are we performing vis-a-vis budget? What was planned and how much it is consumed?', 'start': 2145.104, 'duration': 5.003}, {'end': 2151.768, 'text': "How's the scope so far?", 'start': 2150.467, 'duration': 1.301}, {'end': 2153.41, 'text': 'Is the scope still the same?', 'start': 2152.129, 'duration': 1.281}, {'end': 2155.652, 'text': 'or there are a lot of changes in the scope which has happened?', 'start': 2153.41, 'duration': 2.242}, {'end': 2158.994, 'text': 'And then, when I started my project, we had certain goals.', 'start': 2155.872, 'duration': 3.122}], 'summary': 'Monitoring and controlling project progress through budget, scope, and goals is crucial for ensuring timely completion.', 'duration': 40.366, 'max_score': 2118.628, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/Kl-HhaYaurE/pics/Kl-HhaYaurE2118628.jpg'}, {'end': 2225.437, 'src': 'embed', 'start': 2198.134, 'weight': 4, 'content': [{'end': 2202.437, 'text': 'Second, put in more time, more efforts to catch up to that point.', 'start': 2198.134, 'duration': 4.303}, {'end': 2206.572, 'text': 'follow up with our original goal or vision, if at all.', 'start': 2203.291, 'duration': 3.281}, {'end': 2209.153, 'text': 'the resource allocation, what you did in the beginning.', 'start': 2206.572, 'duration': 2.581}, {'end': 2218.955, 'text': "if that's inappropriate, please reassess the resource management and, the best out of all, please always maintain an open communication with customer,", 'start': 2209.153, 'duration': 9.802}, {'end': 2221.296, 'text': 'which is client or stakeholders.', 'start': 2218.955, 'duration': 2.341}, {'end': 2225.437, 'text': 'when you are taking the regular feedback from your customers, you are meeting them often.', 'start': 2221.296, 'duration': 4.141}], 'summary': 'Allocate more time and effort to catch up, reassess resource management, and maintain open communication with customers and stakeholders for regular feedback.', 'duration': 27.303, 'max_score': 2198.134, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/Kl-HhaYaurE/pics/Kl-HhaYaurE2198134.jpg'}, {'end': 2310.109, 'src': 'embed', 'start': 2283.994, 'weight': 3, 'content': [{'end': 2291.682, 'text': "Okay, we'll go next question 14 which project management methodology do you prefer working in your projects?", 'start': 2283.994, 'duration': 7.688}, {'end': 2296.831, 'text': 'so before you get to the respective methodology, there are many points for us to look at.', 'start': 2291.682, 'duration': 5.149}, {'end': 2297.553, 'text': 'what are those points?', 'start': 2296.831, 'duration': 0.722}, {'end': 2304.046, 'text': 'number one first of all, look for organizational strategic goals and core values.', 'start': 2298.223, 'duration': 5.823}, {'end': 2305.727, 'text': 'why am i into this project?', 'start': 2304.046, 'duration': 1.681}, {'end': 2310.109, 'text': 'please figure out the answer and try to relate with organization vision,', 'start': 2305.727, 'duration': 4.382}], 'summary': 'Prefer project management methodology based on organizational strategic goals and core values.', 'duration': 26.115, 'max_score': 2283.994, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/Kl-HhaYaurE/pics/Kl-HhaYaurE2283994.jpg'}, {'end': 2400.792, 'src': 'heatmap', 'start': 2358.279, 'weight': 0.745, 'content': [{'end': 2361.82, 'text': 'Is your organization risk-averse or they are open to take few risks?', 'start': 2358.279, 'duration': 3.541}, {'end': 2363.861, 'text': 'How complex are your requirements?', 'start': 2362.441, 'duration': 1.42}, {'end': 2365.682, 'text': 'How big is your project size?', 'start': 2364.422, 'duration': 1.26}, {'end': 2366.963, 'text': 'How much is the cost I have?', 'start': 2365.742, 'duration': 1.221}, {'end': 2375.627, 'text': 'So all these are gonna be my driving factors to help me decide what project management methodology I should choose.', 'start': 2367.403, 'duration': 8.224}, {'end': 2386.649, 'text': 'Moving to the next question, which is question 15, it says what are the tools mostly used for improving the process activities?', 'start': 2376.267, 'duration': 10.382}, {'end': 2389.77, 'text': 'that means how do I figure out area of improvements?', 'start': 2386.649, 'duration': 3.121}, {'end': 2391.25, 'text': 'So the major tools?', 'start': 2389.77, 'duration': 1.48}, {'end': 2393.41, 'text': 'what are used in the industry?', 'start': 2391.25, 'duration': 2.16}, {'end': 2400.792, 'text': 'the first of all, which is a very common tool used in the project management, is basically comparing and baselining a process.', 'start': 2393.41, 'duration': 7.382}], 'summary': 'Factors such as risk aversion, complexity, project size, cost, and tools influence project management methodology choice.', 'duration': 42.513, 'max_score': 2358.279, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/Kl-HhaYaurE/pics/Kl-HhaYaurE2358279.jpg'}, {'end': 2517.014, 'src': 'embed', 'start': 2485.609, 'weight': 5, 'content': [{'end': 2486.61, 'text': 'Then comes flowchart.', 'start': 2485.609, 'duration': 1.001}, {'end': 2490.774, 'text': 'Flowchart is systematic representation of flow of a process.', 'start': 2486.79, 'duration': 3.984}, {'end': 2493.376, 'text': 'In flowchart there are decision boxes as well.', 'start': 2491.334, 'duration': 2.042}, {'end': 2499.501, 'text': 'So every decision box can be an idea for me to trace back and look is there any improvement required from there.', 'start': 2493.536, 'duration': 5.965}, {'end': 2501.543, 'text': 'Third comes value stream mapping.', 'start': 2499.962, 'duration': 1.581}, {'end': 2504.686, 'text': 'Value stream mapping focuses on the stream,', 'start': 2501.763, 'duration': 2.923}, {'end': 2510.311, 'text': 'focusing on the items or activities which are actually generating value for my customer and for my organization.', 'start': 2504.686, 'duration': 5.625}, {'end': 2517.014, 'text': 'So we should always put focus on items which are on value stream mapping, and if I am able to focus on those value stream mappings,', 'start': 2510.911, 'duration': 6.103}], 'summary': 'Flowchart and value stream mapping help identify process improvements and customer value.', 'duration': 31.405, 'max_score': 2485.609, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/Kl-HhaYaurE/pics/Kl-HhaYaurE2485609.jpg'}], 'start': 2023.51, 'title': 'Project management techniques', 'summary': 'Covers raid in project management, differentiating between risk and issue, and emphasizes proactive planning. it also discusses project monitoring and improvement steps including root cause analysis, resource reassessment, stakeholder communication, choice of project management methodology, and tools for process improvement such as baselining, flowchart, value stream mapping, and cause and effect analysis.', 'chapters': [{'end': 2114.506, 'start': 2023.51, 'title': 'Raid in project management', 'summary': 'Discusses the concept of raid in project management, emphasizing the differentiation between risk and issue, where risk pertains to the probability and impact of uncertain events in the future, while issue refers to events that have already occurred, requiring corrective actions. it also highlights the proactive planning for risk response.', 'duration': 90.996, 'highlights': ['The concept of RAID in project management involves remembering four key aspects: R for risk, A for assumptions, I for issue, and D for dependencies.', 'Risk is defined as the probability of an uncertain event occurring in the future, requiring proactive planning for risk response, with examples such as predicting a 10-15% probability of electricity outage and preparing to use a generator.', 'Issue, on the other hand, refers to events that have already taken place, necessitating corrective actions to resolve the problems created by the occurrence.']}, {'end': 2569.795, 'start': 2114.506, 'title': 'Project monitoring and improvement', 'summary': 'Discusses the steps to bring a project back on track, including root cause analysis, resource reassessment, and stakeholder communication, as well as the factors influencing the choice of project management methodology, and the tools used for process improvement such as baselining, flowchart, value stream mapping, and cause and effect analysis.', 'duration': 455.289, 'highlights': ['The chapter discusses the steps to bring a project back on track, including root cause analysis, resource reassessment, and stakeholder communication. The chapter emphasizes the importance of identifying the root cause of project delays, reallocating resources, and maintaining open communication with stakeholders to ensure project success.', 'Factors influencing the choice of project management methodology include organizational strategic goals, core values, business benefits, constraints, stakeholder availability and flexibility, risk tolerance, requirements complexity, and project size and cost. The chapter highlights the importance of aligning project management methodology with organizational goals, business benefits, and project constraints, as well as considering stakeholder availability, risk tolerance, and project size and cost.', 'Tools used for process improvement include baselining, flowchart, value stream mapping, and cause and effect analysis. The chapter outlines various tools such as baselining for comparing progress, flowchart for systematic process representation, value stream mapping for focusing on value generation, and cause and effect analysis using tools like Ishikawa diagram for identifying root causes and hypothesis testing.']}], 'duration': 546.285, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/Kl-HhaYaurE/pics/Kl-HhaYaurE2023510.jpg', 'highlights': ['The concept of RAID in project management involves remembering four key aspects: R for risk, A for assumptions, I for issue, and D for dependencies.', 'Risk is defined as the probability of an uncertain event occurring in the future, requiring proactive planning for risk response, with examples such as predicting a 10-15% probability of electricity outage and preparing to use a generator.', 'Issue, on the other hand, refers to events that have already taken place, necessitating corrective actions to resolve the problems created by the occurrence.', 'Factors influencing the choice of project management methodology include organizational strategic goals, core values, business benefits, constraints, stakeholder availability and flexibility, risk tolerance, requirements complexity, and project size and cost.', 'The chapter discusses the steps to bring a project back on track, including root cause analysis, resource reassessment, and stakeholder communication. The chapter emphasizes the importance of identifying the root cause of project delays, reallocating resources, and maintaining open communication with stakeholders to ensure project success.', 'Tools used for process improvement include baselining, flowchart, value stream mapping, and cause and effect analysis. The chapter outlines various tools such as baselining for comparing progress, flowchart for systematic process representation, value stream mapping for focusing on value generation, and cause and effect analysis using tools like Ishikawa diagram for identifying root causes and hypothesis testing.']}, {'end': 3092.954, 'segs': [{'end': 2597.485, 'src': 'embed', 'start': 2569.795, 'weight': 2, 'content': [{'end': 2576.517, 'text': 'next question for us is how will you manage the team members who are not working to their full potential?', 'start': 2569.795, 'duration': 6.722}, {'end': 2579.878, 'text': 'there are lot of people who have a capacity to deliver better, but they are not doing.', 'start': 2576.517, 'duration': 3.361}, {'end': 2580.358, 'text': 'what can you do?', 'start': 2579.878, 'duration': 0.48}, {'end': 2586.379, 'text': 'First of all, please avoid any kind of emotional confrontation with those people.', 'start': 2580.996, 'duration': 5.383}, {'end': 2591.161, 'text': 'Second, encourage them to think, find out other natural ways.', 'start': 2587.059, 'duration': 4.102}, {'end': 2597.485, 'text': 'Third, try to figure out on how can we involve them in decision making abilities.', 'start': 2591.762, 'duration': 5.723}], 'summary': 'Manage underperforming team members by avoiding confrontation, encouraging natural solutions, and involving them in decision making.', 'duration': 27.69, 'max_score': 2569.795, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/Kl-HhaYaurE/pics/Kl-HhaYaurE2569795.jpg'}, {'end': 2720.573, 'src': 'embed', 'start': 2691.679, 'weight': 1, 'content': [{'end': 2694.94, 'text': 'First of all, make the expectations very clear from the beginning.', 'start': 2691.679, 'duration': 3.261}, {'end': 2697.86, 'text': 'Have certain achievable milestones.', 'start': 2695.26, 'duration': 2.6}, {'end': 2701.981, 'text': 'What people can achieve, when they can achieve, they can get motivated, they can feel happy.', 'start': 2698.2, 'duration': 3.781}, {'end': 2709.043, 'text': 'At any point in time, it is always better that I take decision by including all team members whom I have.', 'start': 2702.641, 'duration': 6.402}, {'end': 2713.204, 'text': 'So that means along with the collaboration, I am able to maintain a better trust with the team.', 'start': 2709.103, 'duration': 4.101}, {'end': 2720.573, 'text': 'It is better that we set up certain ground rules, agree with the terms, with the team and, at the same time,', 'start': 2713.968, 'duration': 6.605}], 'summary': 'Set clear expectations, achievable milestones, and involve team in decision-making to maintain trust and motivation.', 'duration': 28.894, 'max_score': 2691.679, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/Kl-HhaYaurE/pics/Kl-HhaYaurE2691679.jpg'}, {'end': 2758.161, 'src': 'embed', 'start': 2730.301, 'weight': 0, 'content': [{'end': 2734.043, 'text': 'This document is called as Responsibility Assignment Matrix.', 'start': 2730.301, 'duration': 3.742}, {'end': 2744.832, 'text': 'This document talks about four items mainly, which is Responsibility, Accountability, Consulting and informative.', 'start': 2734.704, 'duration': 10.128}, {'end': 2751.636, 'text': "so when I talk about of any activity, I must ensure that I'm doing few meetings to check on the accountability.", 'start': 2744.832, 'duration': 6.804}, {'end': 2758.161, 'text': 'A stands for accountability here, so make people accountable for what they are doing, and once you make somebody accountable,', 'start': 2751.636, 'duration': 6.525}], 'summary': 'Responsibility assignment matrix outlines 4 key items: responsibility, accountability, consulting, and informative.', 'duration': 27.86, 'max_score': 2730.301, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/Kl-HhaYaurE/pics/Kl-HhaYaurE2730301.jpg'}, {'end': 2852.071, 'src': 'embed', 'start': 2829.331, 'weight': 3, 'content': [{'end': 2840.019, 'text': 'So, in order to find out what are the root causes, we refer back to an Ishikawa diagram which focuses on man, material, machine method, mother nature,', 'start': 2829.331, 'duration': 10.688}, {'end': 2840.98, 'text': 'which is environment.', 'start': 2840.019, 'duration': 0.961}, {'end': 2845.484, 'text': "so, basically, I'm using five items, starting with, which gives me a broader idea.", 'start': 2840.98, 'duration': 4.504}, {'end': 2852.071, 'text': "the problem can pertain to manpower, could be method, could be environment I'm working with, could be the material, could be the procedure.", 'start': 2845.484, 'duration': 6.587}], 'summary': 'Root cause analysis using ishikawa diagram identifies 5 key areas: man, material, machine, method, and environment.', 'duration': 22.74, 'max_score': 2829.331, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/Kl-HhaYaurE/pics/Kl-HhaYaurE2829331.jpg'}, {'end': 3002.363, 'src': 'embed', 'start': 2971.713, 'weight': 4, 'content': [{'end': 2976.936, 'text': "Under forming stages, the project manager's behavior should be directing.", 'start': 2971.713, 'duration': 5.223}, {'end': 2979.558, 'text': 'Why directing? Because team is new.', 'start': 2977.336, 'duration': 2.222}, {'end': 2980.818, 'text': 'They need directions.', 'start': 2979.938, 'duration': 0.88}, {'end': 2982.7, 'text': 'So it is going to be directing behavior.', 'start': 2981.239, 'duration': 1.461}, {'end': 2984.001, 'text': 'Then comes storming.', 'start': 2983.06, 'duration': 0.941}, {'end': 2987.743, 'text': 'Storming as the name implies, there is going to be a heated debate.', 'start': 2984.521, 'duration': 3.222}, {'end': 2990.565, 'text': 'There is going to be an attitude clash between the team members.', 'start': 2987.963, 'duration': 2.602}, {'end': 2995.112, 'text': 'So storming stage refers when people have arguments between them.', 'start': 2991.145, 'duration': 3.967}, {'end': 3002.363, 'text': 'This is the stage when as a project manager I can work as a mentor or I can work as a coach.', 'start': 2995.532, 'duration': 6.831}], 'summary': "Project manager's behavior should be directing in forming stage, then act as a mentor or coach in storming stage.", 'duration': 30.65, 'max_score': 2971.713, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/Kl-HhaYaurE/pics/Kl-HhaYaurE2971713.jpg'}, {'end': 3046.542, 'src': 'embed', 'start': 3018.271, 'weight': 5, 'content': [{'end': 3027.036, 'text': 'and in the norming stage it is assumed that people have understood that attacking the personalities should not be a good thing to go.', 'start': 3018.271, 'duration': 8.765}, {'end': 3033.799, 'text': 'rather, it is good to work, aiming for project benefits and delivering the best what we can as the team.', 'start': 3027.036, 'duration': 6.763}, {'end': 3035.339, 'text': 'under such circumstances,', 'start': 3033.799, 'duration': 1.54}, {'end': 3046.542, 'text': 'where team has understood and they have stopped getting into the arguments heated arguments let me say that that stage is a stage where project manager can be supportive of his behavior.', 'start': 3035.339, 'duration': 11.203}], 'summary': 'In the norming stage, the team has stopped heated arguments and focuses on project benefits, enabling the project manager to be supportive.', 'duration': 28.271, 'max_score': 3018.271, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/Kl-HhaYaurE/pics/Kl-HhaYaurE3018271.jpg'}], 'start': 2569.795, 'title': 'Team dynamics and process tools', 'summary': 'Covers strategies for managing underperforming team members, gaining team agreement for results, and using the responsibility assignment matrix. it also explains the ishikawa diagram, its purpose, structure, and usage, along with the team forming process stages: forming, storming, norming, performing, and adjourning.', 'chapters': [{'end': 2786.592, 'start': 2569.795, 'title': 'Team management and collaboration', 'summary': 'Discusses strategies for managing underperforming team members and gaining team agreement for results, including the importance of avoiding emotional confrontation, motivating through involvement in decision-making, and using the responsibility assignment matrix for accountability.', 'duration': 216.797, 'highlights': ['Strategies for motivating underperforming team members include avoiding emotional confrontation, involving them in decision making, and emphasizing the value and benefits of their work. Strategies for motivating underperforming team members, involvement in decision making, and emphasizing the value and benefits of their work.', 'Using the Responsibility Assignment Matrix (RAM) to establish clear responsibilities, accountabilities, and consulting processes within the team, promoting accountability and commitment. Use of the Responsibility Assignment Matrix (RAM) to establish clear responsibilities, accountabilities, and consulting processes within the team.', 'Emphasizing the importance of setting achievable milestones and maintaining trust by including all team members in decision-making processes to gain team agreement for results. Emphasizing the importance of setting achievable milestones and maintaining trust by including all team members in decision-making processes.']}, {'end': 3092.954, 'start': 2786.592, 'title': 'Ishikawa diagram and team forming process', 'summary': 'Explains the ishikawa diagram, also known as the fishbone diagram, its purpose, structure, and usage, along with the team forming process, including its stages: forming, storming, norming, performing, and adjourning.', 'duration': 306.362, 'highlights': ["Ishikawa diagram, also known as Fishbone diagram, is used to identify various causes impacting a problem, focusing on categories like man, material, machine, method, and mother nature. The Ishikawa diagram, or Fishbone diagram, helps identify various causes impacting a problem, focusing on categories like man, material, machine, method, and mother nature, providing a broader idea of the problem's potential causes.", 'The stages of team forming process include forming, storming, norming, performing, and adjourning, each with specific behaviors and dynamics. The team forming process involves stages like forming, storming, norming, performing, and adjourning, each with specific behaviors and dynamics, with the performing stage being the most productive.', 'In the team forming process, the norming stage encourages collaboration and discourages personal attacks, aiming for project benefits and team performance. The norming stage in the team forming process encourages collaboration, discourages personal attacks, and aims for project benefits and team performance, fostering a positive working environment.']}], 'duration': 523.159, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/Kl-HhaYaurE/pics/Kl-HhaYaurE2569795.jpg', 'highlights': ['Using the Responsibility Assignment Matrix (RAM) to establish clear responsibilities, accountabilities, and consulting processes within the team.', 'Emphasizing the importance of setting achievable milestones and maintaining trust by including all team members in decision-making processes to gain team agreement for results.', 'Strategies for motivating underperforming team members include avoiding emotional confrontation, involving them in decision making, and emphasizing the value and benefits of their work.', "The Ishikawa diagram, or Fishbone diagram, helps identify various causes impacting a problem, focusing on categories like man, material, machine, method, and mother nature, providing a broader idea of the problem's potential causes.", 'The stages of team forming process involve forming, storming, norming, performing, and adjourning, each with specific behaviors and dynamics, with the performing stage being the most productive.', 'The norming stage in the team forming process encourages collaboration, discourages personal attacks, and aims for project benefits and team performance, fostering a positive working environment.']}, {'end': 3534.819, 'segs': [{'end': 3164.104, 'src': 'heatmap', 'start': 3111.071, 'weight': 0, 'content': [{'end': 3119.194, 'text': 'So three point estimation methods focuses on two items called as triangular estimation and also called as beta distribution.', 'start': 3111.071, 'duration': 8.123}, {'end': 3127.26, 'text': 'So triangular estimation is basically a simple mathematical average of three figures, which is P stands for pessimistic,', 'start': 3119.975, 'duration': 7.285}, {'end': 3130.583, 'text': 'M stands for most likely and O stands for optimistic.', 'start': 3127.26, 'duration': 3.323}, {'end': 3133.165, 'text': 'So all these figures sum up divide by 3.', 'start': 3130.663, 'duration': 2.502}, {'end': 3134.806, 'text': "That's my triangle distribution.", 'start': 3133.165, 'duration': 1.641}, {'end': 3140.049, 'text': 'and beta distribution refers to weighted average of the most likely.', 'start': 3135.426, 'duration': 4.623}, {'end': 3147.093, 'text': 'Experts have realized that the weighted average which is more weightage given to most likely and then dividing by weighted average.', 'start': 3140.209, 'duration': 6.884}, {'end': 3154.698, 'text': 'Experts have realized that the estimates generated from the PERT distribution or a beta distribution they are much better.', 'start': 3147.274, 'duration': 7.424}, {'end': 3160.222, 'text': 'The full form of PERT is Program Evaluation and Review Technique.', 'start': 3154.878, 'duration': 5.344}, {'end': 3164.104, 'text': 'I repeat Program Evaluation and Review Technique.', 'start': 3160.442, 'duration': 3.662}], 'summary': 'Three point estimation involves triangular and beta distribution, with pert for improved estimates.', 'duration': 70.318, 'max_score': 3111.071, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/Kl-HhaYaurE/pics/Kl-HhaYaurE3111071.jpg'}, {'end': 3232.485, 'src': 'embed', 'start': 3206.773, 'weight': 3, 'content': [{'end': 3214.757, 'text': 'So if I have to draw a kind of a graph to tell you what these estimations are like this So this is like a triangular distribution,', 'start': 3206.773, 'duration': 7.984}, {'end': 3219.159, 'text': 'whereas when I talk about of a beta distribution, this is like this.', 'start': 3214.757, 'duration': 4.402}, {'end': 3226.842, 'text': 'So I am covering up a bigger area here, and that is the reason that the beta distributions are actually supposed to be little better off.', 'start': 3219.159, 'duration': 7.683}, {'end': 3232.485, 'text': 'So this is like, if I have to put this distribution figures mathematically and that too in the form of a chart, Got it.', 'start': 3226.842, 'duration': 5.643}], 'summary': 'Comparing triangular and beta distributions, beta covers a bigger area and is considered better.', 'duration': 25.712, 'max_score': 3206.773, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/Kl-HhaYaurE/pics/Kl-HhaYaurE3206773.jpg'}, {'end': 3364.368, 'src': 'heatmap', 'start': 3233.183, 'weight': 0.74, 'content': [{'end': 3239.265, 'text': "So that's a way to look at on the two distribution techniques, what we have throughout the project management got it.", 'start': 3233.183, 'duration': 6.082}, {'end': 3241.205, 'text': 'Hope you got a good idea on these items.', 'start': 3239.325, 'duration': 1.88}, {'end': 3247.527, 'text': 'Okay, question 21 explain the work breakdown structure and its effect on the work.', 'start': 3242.185, 'duration': 5.342}, {'end': 3250.288, 'text': 'estimations of task activities.', 'start': 3247.527, 'duration': 2.761}, {'end': 3253.648, 'text': 'work breakdown structure is a hierarchical structure as seen it on the picture.', 'start': 3250.288, 'duration': 3.36}, {'end': 3256.649, 'text': 'If I talk about of an organization breakdown structure,', 'start': 3254.129, 'duration': 2.52}, {'end': 3264.772, 'text': 'you have the top man of the organization in the top of the hierarchy and then we have people at the various other levels positioned in the organization hierarchy chart.', 'start': 3256.649, 'duration': 8.123}, {'end': 3266.593, 'text': 'but here the word is work breakdown structure.', 'start': 3264.772, 'duration': 1.821}, {'end': 3275.617, 'text': 'This means the work to be done is basically written at the top and then we would like to subdivide this work into many small layers.', 'start': 3266.633, 'duration': 8.984}, {'end': 3279.558, 'text': 'till such time the work is not becoming small and more manageable.', 'start': 3275.617, 'duration': 3.941}, {'end': 3281.259, 'text': "That's the work breakdown structure.", 'start': 3279.838, 'duration': 1.421}, {'end': 3284.16, 'text': 'Now the way we divide that work.', 'start': 3281.799, 'duration': 2.361}, {'end': 3291.644, 'text': 'we would prefer to logically subdivide that work into the activities from the purpose of tracking, monitoring, estimation, execution.', 'start': 3284.16, 'duration': 7.484}, {'end': 3296.927, 'text': "So that's the work breakdown structure coming on difference between risk and issues.", 'start': 3292.404, 'duration': 4.523}, {'end': 3305.271, 'text': 'So hope you guys already know it, as we have discussed this in a portion before already, issues are things of a past.', 'start': 3297.507, 'duration': 7.764}, {'end': 3311.214, 'text': 'issues are something which have already happened and we are now trying to find out solutions to come out from the impact, what they have created.', 'start': 3305.271, 'duration': 5.943}, {'end': 3312.412, 'text': 'and risk.', 'start': 3311.852, 'duration': 0.56}, {'end': 3315.874, 'text': "we said it's a uncertain event which can happen in future.", 'start': 3312.412, 'duration': 3.462}, {'end': 3318.094, 'text': 'risk can be positive or risk can be negative.', 'start': 3315.874, 'duration': 2.22}, {'end': 3325.397, 'text': 'positive risks are called as opportunity, negative risk is called as threat and positive and negative risks both can come in.', 'start': 3318.094, 'duration': 7.303}, {'end': 3330.739, 'text': 'in my risk resistor and when we do a process called plan risk response,', 'start': 3325.397, 'duration': 5.342}, {'end': 3335.661, 'text': 'we try to find out what could be a possible response if this risk happens in future.', 'start': 3330.739, 'duration': 4.922}, {'end': 3338.042, 'text': "so that's about on risk and issues.", 'start': 3335.661, 'duration': 2.381}, {'end': 3341.063, 'text': 'now. next question why a project manager need to be proactive?', 'start': 3338.042, 'duration': 3.021}, {'end': 3343.584, 'text': 'See, if you are proactive, you can avoid.', 'start': 3341.701, 'duration': 1.883}, {'end': 3345.448, 'text': 'you can prevent lot of issues to happen.', 'start': 3343.584, 'duration': 1.864}, {'end': 3349.214, 'text': 'Proactive managers have high chance of finding out the risk.', 'start': 3345.988, 'duration': 3.226}, {'end': 3353.842, 'text': "If you find out what is a risk it's better we take an action and the impact could be reduced.", 'start': 3349.815, 'duration': 4.027}, {'end': 3358.043, 'text': 'people who are proactive, specially the project managers, who are proactive.', 'start': 3354.6, 'duration': 3.443}, {'end': 3364.368, 'text': 'they have a better control on their project and when you know that this risk can happen, then you need not to hunt for some solutions,', 'start': 3358.043, 'duration': 6.325}], 'summary': 'Work breakdown structure and risk management are crucial for proactive project management.', 'duration': 131.185, 'max_score': 3233.183, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/Kl-HhaYaurE/pics/Kl-HhaYaurE3233183.jpg'}, {'end': 3279.558, 'src': 'embed', 'start': 3250.288, 'weight': 4, 'content': [{'end': 3253.648, 'text': 'work breakdown structure is a hierarchical structure as seen it on the picture.', 'start': 3250.288, 'duration': 3.36}, {'end': 3256.649, 'text': 'If I talk about of an organization breakdown structure,', 'start': 3254.129, 'duration': 2.52}, {'end': 3264.772, 'text': 'you have the top man of the organization in the top of the hierarchy and then we have people at the various other levels positioned in the organization hierarchy chart.', 'start': 3256.649, 'duration': 8.123}, {'end': 3266.593, 'text': 'but here the word is work breakdown structure.', 'start': 3264.772, 'duration': 1.821}, {'end': 3275.617, 'text': 'This means the work to be done is basically written at the top and then we would like to subdivide this work into many small layers.', 'start': 3266.633, 'duration': 8.984}, {'end': 3279.558, 'text': 'till such time the work is not becoming small and more manageable.', 'start': 3275.617, 'duration': 3.941}], 'summary': 'Work breakdown structure organizes work into manageable layers, as shown in the picture.', 'duration': 29.27, 'max_score': 3250.288, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/Kl-HhaYaurE/pics/Kl-HhaYaurE3250288.jpg'}, {'end': 3375.377, 'src': 'embed', 'start': 3345.988, 'weight': 5, 'content': [{'end': 3349.214, 'text': 'Proactive managers have high chance of finding out the risk.', 'start': 3345.988, 'duration': 3.226}, {'end': 3353.842, 'text': "If you find out what is a risk it's better we take an action and the impact could be reduced.", 'start': 3349.815, 'duration': 4.027}, {'end': 3358.043, 'text': 'people who are proactive, specially the project managers, who are proactive.', 'start': 3354.6, 'duration': 3.443}, {'end': 3364.368, 'text': 'they have a better control on their project and when you know that this risk can happen, then you need not to hunt for some solutions,', 'start': 3358.043, 'duration': 6.325}, {'end': 3366.97, 'text': 'because we would have nicely planned that.', 'start': 3364.368, 'duration': 2.602}, {'end': 3372.715, 'text': 'these are going to be some of my solutions I can take up and when you are able to identify and plan for the response,', 'start': 3366.97, 'duration': 5.745}, {'end': 3375.377, 'text': 'of course I can actually also take care of even finances.', 'start': 3372.715, 'duration': 2.662}], 'summary': 'Proactive project managers reduce impact by identifying risks and planning responses.', 'duration': 29.389, 'max_score': 3345.988, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/Kl-HhaYaurE/pics/Kl-HhaYaurE3345988.jpg'}, {'end': 3422.266, 'src': 'embed', 'start': 3398.412, 'weight': 6, 'content': [{'end': 3406.137, 'text': 'Risk probability is basically a chance of a risk can happen and impact is how much damage or how much costing, I would say.', 'start': 3398.412, 'duration': 7.725}, {'end': 3407.598, 'text': "If it is a negative risk, I'll say damage.", 'start': 3406.157, 'duration': 1.441}, {'end': 3411.12, 'text': "If it is a positive risk, I'll say how much benefit will be getting it from it.", 'start': 3407.618, 'duration': 3.502}, {'end': 3416.463, 'text': "Okay, what's the probability of rain today? Let us say that there is a 20% of a probability.", 'start': 3411.58, 'duration': 4.883}, {'end': 3422.266, 'text': "Okay, and what if the rain comes in? Maybe we'll have to plan for different mode of transportation.", 'start': 3416.643, 'duration': 5.623}], 'summary': 'Risk probability measures the chance of an event occurring, with a 20% chance of rain today, prompting the need for contingency planning.', 'duration': 23.854, 'max_score': 3398.412, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/Kl-HhaYaurE/pics/Kl-HhaYaurE3398412.jpg'}, {'end': 3487.117, 'src': 'embed', 'start': 3456.184, 'weight': 7, 'content': [{'end': 3458.826, 'text': 'This would be rather dictated by the situation.', 'start': 3456.184, 'duration': 2.642}, {'end': 3464.532, 'text': 'If I have to talk about of the best style, I would say the best style is going to be a face-to-face.', 'start': 3459.367, 'duration': 5.165}, {'end': 3465.072, 'text': 'You know why?', 'start': 3464.672, 'duration': 0.4}, {'end': 3473.299, 'text': 'In face-to-face research which has been done by experts says 55% of the message gets communicated through a body language,', 'start': 3465.552, 'duration': 7.747}, {'end': 3479.325, 'text': '38% gets communicated through voice, speech and tone, and 7% is through the text.', 'start': 3473.299, 'duration': 6.026}, {'end': 3487.117, 'text': 'So face-to-face is supposed to be the best but there are challenges in terms of the manpower which is relocated into many places.', 'start': 3479.995, 'duration': 7.122}], 'summary': 'Face-to-face communication is most effective, with 55% through body language, 38% through voice, and 7% through text, but faces challenges due to manpower relocation.', 'duration': 30.933, 'max_score': 3456.184, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/Kl-HhaYaurE/pics/Kl-HhaYaurE3456184.jpg'}], 'start': 3093.786, 'title': 'Team building stages, estimation methods, and risk management', 'summary': 'Covers the five stages of team building by bruce tuckman, three-point estimation methods including triangular and beta distribution, pert distribution benefits, work breakdown structure, risk management, proactive project management, and communication styles in project management.', 'chapters': [{'end': 3185.402, 'start': 3093.786, 'title': 'Team building stages and estimation methods', 'summary': 'Discusses the five stages of team building by bruce tuckman and explains the process of estimation, focusing on the three points estimation method, including triangular estimation and beta distribution, with an emphasis on the benefits of pert distribution.', 'duration': 91.616, 'highlights': ["Bruce Tuckman's five stages of team building Bruce Tuckman's model for team building is introduced, outlining the five stages of forming, storming, norming, performing, and adjourning.", 'Explanation of triangular estimation and beta distribution in three points estimation method The three points estimation method is explained, covering triangular estimation as a simple mathematical average and beta distribution as a weighted average of the most likely, emphasizing the significance of PERT distribution.', 'Advantages of PERT distribution in estimation The benefits of using PERT distribution for estimation are highlighted, indicating that estimates generated from PERT or beta distribution are considered more accurate by experts.']}, {'end': 3534.819, 'start': 3185.402, 'title': 'Estimation techniques & risk management', 'summary': 'Discusses estimation techniques such as triangular and beta distribution, work breakdown structure, risk and issues differentiation, proactive project management, risk impact and probability, and communication styles in project management.', 'duration': 349.417, 'highlights': ['Beta distribution is considered to be more effective than triangular distribution for estimation techniques, covering a larger area and providing better results. Beta distribution is more effective for estimation techniques compared to triangular distribution, as it covers a larger area and provides better results.', 'Work breakdown structure involves hierarchical subdivision of work into manageable layers for tracking, monitoring, estimation, and execution. Work breakdown structure involves hierarchical subdivision of work into manageable layers for tracking, monitoring, estimation, and execution.', 'Proactive project managers have better control over their projects, can identify risks, plan responses, and track performance, leading to improved project management. Proactive project managers have better control over their projects, can identify risks, plan responses, and track performance, leading to improved project management.', 'Risk probability refers to the chance of a risk occurring, while risk impact measures the damage or benefit resulting from the risk. Risk probability refers to the chance of a risk occurring, while risk impact measures the damage or benefit resulting from the risk.', 'Face-to-face communication is considered the most effective style due to the significant communication through body language and tone, followed by interactive style for responsiveness. Face-to-face communication is considered the most effective style due to the significant communication through body language and tone, followed by interactive style for responsiveness.']}], 'duration': 441.033, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/Kl-HhaYaurE/pics/Kl-HhaYaurE3093786.jpg', 'highlights': ["Bruce Tuckman's model outlines the five stages of team building: forming, storming, norming, performing, and adjourning.", 'The three points estimation method covers triangular estimation as a simple average and beta distribution as a weighted average of the most likely.', 'PERT distribution benefits include more accurate estimates generated from PERT or beta distribution.', 'Beta distribution is more effective for estimation techniques compared to triangular distribution, covering a larger area and providing better results.', 'Work breakdown structure involves hierarchical subdivision of work into manageable layers for tracking, monitoring, estimation, and execution.', 'Proactive project managers have better control over their projects, can identify risks, plan responses, and track performance, leading to improved project management.', 'Risk probability refers to the chance of a risk occurring, while risk impact measures the damage or benefit resulting from the risk.', 'Face-to-face communication is considered the most effective style due to significant communication through body language and tone, followed by interactive style for responsiveness.']}, {'end': 3985.708, 'segs': [{'end': 3583.771, 'src': 'embed', 'start': 3553.082, 'weight': 0, 'content': [{'end': 3558.523, 'text': 'Maybe if customer works from 9 to 6 Monday to Friday, your person may be working in that premise.', 'start': 3553.082, 'duration': 5.441}, {'end': 3563.18, 'text': 'So the time and material is basically kind of a hybrid,', 'start': 3559.298, 'duration': 3.882}, {'end': 3569.543, 'text': 'kind of a contract which has some portions from fixed price and some portions from cost-remersible.', 'start': 3563.18, 'duration': 6.363}, {'end': 3576.547, 'text': 'In general, the time and material contracts are easy to predict, easy to plan, easy to calculate,', 'start': 3569.543, 'duration': 7.004}, {'end': 3583.771, 'text': "easy to forecast and it is easy for us to know what duration I have to put forward for few resource and accordingly I'll be charging for it.", 'start': 3576.547, 'duration': 7.224}], 'summary': 'Time and material contracts offer predictability, easy planning, and flexible pricing, making resource allocation and charging more straightforward.', 'duration': 30.689, 'max_score': 3553.082, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/Kl-HhaYaurE/pics/Kl-HhaYaurE3553082.jpg'}, {'end': 3661.729, 'src': 'embed', 'start': 3631.393, 'weight': 1, 'content': [{'end': 3636.774, 'text': 'And for you, you have to mention that saying as a customer, I give you a lot of respect and a value.', 'start': 3631.393, 'duration': 5.381}, {'end': 3643.083, 'text': 'So I would be willing to understand what is that which is making you unhappy.', 'start': 3637.441, 'duration': 5.642}, {'end': 3651.746, 'text': "Basically I'm saying root cause is that a particular requirement which could not be fulfilled correctly or there are certain other aspects of it.", 'start': 3643.643, 'duration': 8.103}, {'end': 3653.706, 'text': 'Is there any modification?', 'start': 3652.506, 'duration': 1.2}, {'end': 3654.927, 'text': 'he is looking into some output?', 'start': 3653.706, 'duration': 1.221}, {'end': 3661.729, 'text': 'Is it that he was expecting a certain change of scope and you declined saying no, we cannot alter the scope.', 'start': 3655.607, 'duration': 6.122}], 'summary': 'Customer expresses respect but seeks clarification on unmet requirements and potential scope changes.', 'duration': 30.336, 'max_score': 3631.393, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/Kl-HhaYaurE/pics/Kl-HhaYaurE3631393.jpg'}, {'end': 3786.726, 'src': 'embed', 'start': 3732.845, 'weight': 2, 'content': [{'end': 3739.567, 'text': 'and we are expecting customers to look at how those verified deliverables can be accepted by him and, if at all,', 'start': 3732.845, 'duration': 6.722}, {'end': 3744.089, 'text': 'there are few concerns on the acceptance of those deliverables.', 'start': 3739.567, 'duration': 4.522}, {'end': 3747.27, 'text': 'We are open to take a change request and act on it.', 'start': 3744.689, 'duration': 2.581}, {'end': 3754.232, 'text': 'So then accepted deliverables are done and then customer has some kind of concern.', 'start': 3747.89, 'duration': 6.342}, {'end': 3757.473, 'text': 'That means we must try to understand and put it forward to them.', 'start': 3754.412, 'duration': 3.061}, {'end': 3766.664, 'text': 'Okay Next question is what do you mean by Pareto analysis? Now Pareto analysis talks about of prioritization talks about of 80-20.', 'start': 3758.013, 'duration': 8.651}, {'end': 3774.613, 'text': 'What it says is it says that the 80% of the results are coming in from 20% of the actions.', 'start': 3767.004, 'duration': 7.609}, {'end': 3780.6, 'text': 'Sometimes it is also called as 80% of the problems are happening because of 20% of the causes.', 'start': 3775.434, 'duration': 5.166}, {'end': 3786.726, 'text': 'So if I can focus on those 20% I can prioritize the things accordingly.', 'start': 3782.245, 'duration': 4.481}], 'summary': 'Customers can accept verified deliverables, handle change requests. pareto analysis prioritizes 20% of causes for 80% problems.', 'duration': 53.881, 'max_score': 3732.845, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/Kl-HhaYaurE/pics/Kl-HhaYaurE3732845.jpg'}, {'end': 3839.103, 'src': 'heatmap', 'start': 3792.987, 'weight': 0.762, 'content': [{'end': 3799.649, 'text': "It's a technique wherein we can find out that which 20% actions or causes are actually the problem makers.", 'start': 3792.987, 'duration': 6.662}, {'end': 3803.45, 'text': "Okay, that's the reason we say this is used for prioritization.", 'start': 3800.229, 'duration': 3.221}, {'end': 3807.571, 'text': 'Question 29 talks about of the triple constraints in a project.', 'start': 3803.91, 'duration': 3.661}, {'end': 3812.125, 'text': 'What are the triple constraints? We discuss these constraints which has scope time and cost.', 'start': 3807.611, 'duration': 4.514}, {'end': 3818.569, 'text': "These are my triple constraints and if at all I have to go beyond these three I'll add up quality.", 'start': 3812.645, 'duration': 5.924}, {'end': 3822.692, 'text': 'If at all I have to go beyond four I will add up risk and resources.', 'start': 3819.27, 'duration': 3.422}, {'end': 3829.016, 'text': 'Most of the problems in the project generally hover around between scope, time and cost,', 'start': 3823.512, 'duration': 5.504}, {'end': 3832.679, 'text': 'and when you run out of time you may have a compromise happening on a quality.', 'start': 3829.016, 'duration': 3.663}, {'end': 3839.103, 'text': 'So triple means three scope time cost are my three constraints followed by quality followed by risk followed by resources.', 'start': 3833.059, 'duration': 6.044}], 'summary': 'Using the 80/20 technique for problem prioritization in project management, focusing on triple constraints of scope, time, and cost, with potential additions of quality, risk, and resources.', 'duration': 46.116, 'max_score': 3792.987, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/Kl-HhaYaurE/pics/Kl-HhaYaurE3792987.jpg'}, {'end': 3839.103, 'src': 'embed', 'start': 3807.611, 'weight': 4, 'content': [{'end': 3812.125, 'text': 'What are the triple constraints? We discuss these constraints which has scope time and cost.', 'start': 3807.611, 'duration': 4.514}, {'end': 3818.569, 'text': "These are my triple constraints and if at all I have to go beyond these three I'll add up quality.", 'start': 3812.645, 'duration': 5.924}, {'end': 3822.692, 'text': 'If at all I have to go beyond four I will add up risk and resources.', 'start': 3819.27, 'duration': 3.422}, {'end': 3829.016, 'text': 'Most of the problems in the project generally hover around between scope, time and cost,', 'start': 3823.512, 'duration': 5.504}, {'end': 3832.679, 'text': 'and when you run out of time you may have a compromise happening on a quality.', 'start': 3829.016, 'duration': 3.663}, {'end': 3839.103, 'text': 'So triple means three scope time cost are my three constraints followed by quality followed by risk followed by resources.', 'start': 3833.059, 'duration': 6.044}], 'summary': 'Triple constraints in project management are scope, time, and cost; quality, risk, and resources are added beyond three.', 'duration': 31.492, 'max_score': 3807.611, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/Kl-HhaYaurE/pics/Kl-HhaYaurE3807611.jpg'}, {'end': 3905.727, 'src': 'embed', 'start': 3872.56, 'weight': 5, 'content': [{'end': 3874.242, 'text': 'so it could be a legal risk.', 'start': 3872.56, 'duration': 1.682}, {'end': 3875.523, 'text': 'it could be a strategy risk.', 'start': 3874.242, 'duration': 1.281}, {'end': 3877.986, 'text': 'if my strategy is not fitting in very well.', 'start': 3875.523, 'duration': 2.463}, {'end': 3880.989, 'text': 'it could be from the perspective of how the project is being governed.', 'start': 3877.986, 'duration': 3.003}, {'end': 3883.077, 'text': 'it could be a governance risk.', 'start': 3881.736, 'duration': 1.341}, {'end': 3885.118, 'text': "sometimes it's an operational risk,", 'start': 3883.077, 'duration': 2.041}, {'end': 3890.94, 'text': 'sometimes it is an external risk wherein the few external parameters are not adhered to and they become the challenge.', 'start': 3885.118, 'duration': 5.822}, {'end': 3897.103, 'text': 'for example, if you want to start the construction, you have to take an approval from the respective local authorities,', 'start': 3890.94, 'duration': 6.163}, {'end': 3899.364, 'text': 'and if this authority is taking a longer time,', 'start': 3897.103, 'duration': 2.261}, {'end': 3905.727, 'text': "that's an external risk you have which is exceeding basically the time what you guys thought would be used for this.", 'start': 3899.364, 'duration': 6.363}], 'summary': 'Project risks include legal, strategy, governance, operational, and external risks such as delays in obtaining local approvals.', 'duration': 33.167, 'max_score': 3872.56, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/Kl-HhaYaurE/pics/Kl-HhaYaurE3872560.jpg'}, {'end': 3966.562, 'src': 'embed', 'start': 3938.734, 'weight': 6, 'content': [{'end': 3945.558, 'text': 'and PMP certification is the one which is the most preferred when it comes to the programs from PMI on the project management.', 'start': 3938.734, 'duration': 6.824}, {'end': 3953.763, 'text': 'Edureka also has many scheduled workshops focusing on the project management professional certification preparation.', 'start': 3946.218, 'duration': 7.545}, {'end': 3959.006, 'text': 'Feel free to visit our website or get in touch with our team and we should be happy to assist you.', 'start': 3954.403, 'duration': 4.603}, {'end': 3966.562, 'text': 'Thank you so very much and hope this session may be going to be creating a good value for each one of you and this was useful.', 'start': 3959.56, 'duration': 7.002}], 'summary': 'Pmp certification is most preferred for project management, with edureka offering scheduled workshops for preparation.', 'duration': 27.828, 'max_score': 3938.734, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/Kl-HhaYaurE/pics/Kl-HhaYaurE3938734.jpg'}], 'start': 3535.099, 'title': 'Time and material contracts and project management insights', 'summary': 'Covers time and material contracts, their advantages, and strategies for handling customer dissatisfaction, as well as insights on project management including pareto analysis, triple constraints, types of risks, and the significance of project management certifications and workshops by edureka.', 'chapters': [{'end': 3757.473, 'start': 3535.099, 'title': 'Understanding time and material contracts', 'summary': 'Explains the concept of time and material contracts, detailing its advantages, usage in uncertain project scopes, and strategies to handle customer dissatisfaction at the end of the project.', 'duration': 222.374, 'highlights': ['Time and material contracts are easy to predict, plan, and calculate, making them popular in industries where project sizes are uncertain or requirements may change. Time and material contracts offer ease of predictability and planning, making them popular in industries with uncertain project sizes or potential requirement changes.', "When handling customer dissatisfaction at the end of a project, it's crucial to understand the root cause and attempt to convince the customer based on the agreed scope, while also being open to change requests and modifications. Addressing customer dissatisfaction involves understanding the root cause, attempting to convince based on the agreed scope, and being open to change requests and modifications.", "Customer concerns during the acceptance of verified deliverables should be addressed through change requests and proactive engagement, ensuring that the customer's expectations are met. Addressing customer concerns during the acceptance of verified deliverables involves using change requests and proactive engagement to meet the customer's expectations."]}, {'end': 3985.708, 'start': 3758.013, 'title': 'Project management interview insights', 'summary': 'Discusses pareto analysis, triple constraints in projects, types of risks, and emphasizes the importance of project management certifications and workshops by edureka.', 'duration': 227.695, 'highlights': ['Pareto principle explains that 80% of the results come from 20% of the actions, which is used for prioritization in decision-making. The Pareto principle highlights the 80-20 rule, where 80% of the results come from 20% of the actions, aiding in prioritizing tasks.', 'Triple constraints in projects include scope, time, and cost, with quality, risk, and resources being additional considerations if necessary. The triple constraints in projects encompass scope, time, and cost, and may expand to include quality, risk, and resources as necessary.', 'Various types of risks in a project include cost, schedule, performance, resource management, technology, market dynamics, legal, strategy, governance, operational, and external risks. The types of risks in a project range from cost and schedule risks to legal, strategy, and external risks, impacting project management decisions and outcomes.', 'Edureka is highlighted as the global REP on behalf of PMI, delivering programs in project management and offering PMP certification preparation workshops. Edureka is recognized as the global REP for PMI, providing project management programs and PMP certification workshops to help professionals enhance their project management skills.']}], 'duration': 450.609, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/Kl-HhaYaurE/pics/Kl-HhaYaurE3535099.jpg', 'highlights': ['Time and material contracts offer ease of predictability and planning, making them popular in industries with uncertain project sizes or potential requirement changes.', 'Addressing customer dissatisfaction involves understanding the root cause, attempting to convince based on the agreed scope, and being open to change requests and modifications.', "Addressing customer concerns during the acceptance of verified deliverables involves using change requests and proactive engagement to meet the customer's expectations.", 'The Pareto principle highlights the 80-20 rule, where 80% of the results come from 20% of the actions, aiding in prioritizing tasks.', 'The triple constraints in projects encompass scope, time, and cost, and may expand to include quality, risk, and resources as necessary.', 'The types of risks in a project range from cost and schedule risks to legal, strategy, and external risks, impacting project management decisions and outcomes.', 'Edureka is recognized as the global REP for PMI, providing project management programs and PMP certification workshops to help professionals enhance their project management skills.']}], 'highlights': ['Starting salary for project managers with PMI certifications ranges from 47K USD to 2 million INR.', 'The demand for project managers is fueled by the continuous need for organizations to achieve specific results within a limited time, as exemplified by the automobile and hotel industries.', 'The project management life cycle includes five stages: initiating, planning, executing, monitoring and controlling, and closing, with monitoring and control as a phase that continues throughout the project.', 'Different leadership styles are discussed, including Supportive, Coaching, Delegate, and Tell, emphasizing the importance of choosing a style based on situational perspective and ensuring team motivation.', 'The concept of RAID in project management involves remembering four key aspects: R for risk, A for assumptions, I for issue, and D for dependencies.', 'Using the Responsibility Assignment Matrix (RAM) to establish clear responsibilities, accountabilities, and consulting processes within the team.', 'The three points estimation method covers triangular estimation as a simple average and beta distribution as a weighted average of the most likely.', 'Time and material contracts offer ease of predictability and planning, making them popular in industries with uncertain project sizes or potential requirement changes.', 'The Pareto principle highlights the 80-20 rule, where 80% of the results come from 20% of the actions, aiding in prioritizing tasks.']}