title
🔥Project Management Full Course 2022 | Project Management Tutorial | Project Management| Simplilearn

description
🔥PMP® Certification Training Course: https://www.simplilearn.com/project-management/pmp-certification-training?utm_campaign=ProjectManagementFC30sept2022-pc9nvBsXsuM&utm_medium=DescriptionFirstFold&utm_source=youtube In this video on Project Management Full Course, we shall begin learning the basics of project management. As we move forward, we shall verse ourselves with different project management concepts like project planning, project time, cost quality and communication management. We will learn about project manager roles and different project management tools. Finally, we shall see some Project Management interview questions to excel in any Project Management interview. By the end of this course, you'll have everything you need to know about Project Management. So without further ado, let's jump in! ✅Subscribe to our Channel to learn more about the top Technologies: https://www.youtube.com/user/Simplilearn ⏩ Check out the project management training videos playlist : https://youtube.com/playlist?list=PLEiEAq2VkUULPx4heWRZFC-fxQ9zWDaEf #ProjectManagement #ProjectManagementFullCourse #ProjectManagementFundamentals #ProjectManagementInterviewQuestionsandAnswers #ProjectManagementLifecycle #SimplilearnPMP #ProjectManagementTools #Simplilearn What is Project Management? Project management is the process of overseeing a team's work to complete all project objectives within the established parameters. The project documentation that is created at the start of the development process typically contains descriptions of this information. The three main restraints are budget, time, and scope. Optimizing the distribution of necessary inputs and using them to achieve pre-established goals is the secondary challenge. ✅About Post Graduate Program In Project Management This project management certificate program will cover strategization and management - project, program, risk, quality, complexity management, customer-centric digital transformation, PMO implementation, and agile and scrum skills; and allow you to earn 146 Professional Development Units (PDUs) for maintaining CCR for PMI certifications. ✅Key features - Receive Post Graduate Program Certificate and Alumni Association Membership from UMass Amherst. - 8X higher live interaction in live online classes by industry experts. - Earn 146 PDUs for PMI related certifications with 35 contact hours and 4 simulation examinations to ace the PMP exam. - 100% Money back guarantee. - Live classes entirely delivered by Simplilearn's expert instructors. ✅Skills Covered - Project Management - Agile Management - Project Risk Management - Quality Management - Lean six sigma green belt LSSGB - Digital Transformation - Design Thinking - Customer experience design - Leadership Skills Learn more at: https://www.simplilearn.com/pgp-project-management-certification-training-course?utm_campaign=ProjectManagementFC30sept2022&utm_medium=Description&utm_source=youtube 🔥🔥 Interested in Attending Live Classes? Call Us: IN - 18002127688 / US - +18445327688

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{'title': '🔥Project Management Full Course 2022 | Project Management Tutorial | Project Management| Simplilearn', 'heatmap': [], 'summary': 'This project management course covers fundamentals, essentials, planning, execution, product analysis, time and schedule management, techniques, and quality and stakeholder management emphasizing key areas, certifications, tools, and methodologies.', 'chapters': [{'end': 349.382, 'segs': [{'end': 245.422, 'src': 'embed', 'start': 202.1, 'weight': 0, 'content': [{'end': 207.103, 'text': 'Once it is finalized, one cannot vary, one cannot change without any proper approvals.', 'start': 202.1, 'duration': 5.003}, {'end': 210.965, 'text': 'Similar to that, we have quality management specifications what are defined.', 'start': 207.363, 'duration': 3.602}, {'end': 213.946, 'text': 'Project output will be accordingly achieved.', 'start': 211.385, 'duration': 2.561}, {'end': 218.029, 'text': 'Risk, every project is taken up for a specific reason by organization.', 'start': 214.247, 'duration': 3.782}, {'end': 221.851, 'text': 'So organization should assess the risk associated with the project.', 'start': 218.469, 'duration': 3.382}, {'end': 229.559, 'text': 'and similarly, as project progresses, various different risks has to be identified, like risk related to project management,', 'start': 222.415, 'duration': 7.144}, {'end': 235.223, 'text': 'risk related to technology area, risk related to resources, risk related to financial things.', 'start': 229.559, 'duration': 5.664}, {'end': 241.967, 'text': 'so broadly, risk management plays a very important role, so there will be something called contingency reserve,', 'start': 235.223, 'duration': 6.744}, {'end': 245.422, 'text': 'kept for a identified risk above the cost.', 'start': 241.967, 'duration': 3.455}], 'summary': 'Quality management specifications defined for project output; risk assessment crucial for project progress & contingency reserve kept for identified risks.', 'duration': 43.322, 'max_score': 202.1, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/pc9nvBsXsuM/pics/pc9nvBsXsuM202100.jpg'}], 'start': 38.447, 'title': 'Project management fundamentals', 'summary': 'Covers project management field course and basics, including project planning, use of excel, cost, quality, communication, project managing tools, pmp exam preparation, role of a project manager, interview questions, and basics of project management emphasizing the temporary nature of a project and the importance of managing scope, time, quality, cost, risk, and resources.', 'chapters': [{'end': 77.814, 'start': 38.447, 'title': 'Project management field course', 'summary': 'Covers various aspects of project management including project planning, use of excel, cost, quality, communication, project managing tools, pmp exam preparation, role of a project manager, and interview questions, presented by specialists chandra mr and ishan.', 'duration': 39.367, 'highlights': ['The chapter covers various aspects of project management including project planning, use of Excel, cost, quality, communication, project managing tools, PMP exam preparation, role of a project manager, and interview questions, presented by specialists Chandra MR and Ishan.', 'The video will cover what project management is, project planning, use of Excel, cost, quality, communication, project managing tools, PMP exam preparation, role of a project manager, interview questions, and much more.', 'The specialists, Chandra MR and Ishan, will take the audience through different topics related to project management including project planning, use of Excel, cost, quality, communication, project managing tools, PMP exam preparation, role of a project manager, and interview questions.']}, {'end': 349.382, 'start': 78.374, 'title': 'Project management basics', 'summary': 'Discusses the basics of project management, including the definition, key components, and constraints, emphasizing the temporary nature of a project and the importance of managing scope, time, quality, cost, risk, and resources.', 'duration': 271.008, 'highlights': ['Project management involves the application of knowledge, skills, tools, and techniques to meet project requirements, with a focus on achieving final deliverables within a finite time and budget. Project management aims to accomplish project objectives within defined constraints, including scope, time, quality, cost, risk, and resources, emphasizing the importance of clear understanding about project deliverables and required resources.', 'The six constraints in project management are scope, time, quality, cost, risk, and resources, each playing a crucial role in project success. The clarity in scope, schedule, cost, and quality management specifications, along with risk assessment and resource optimization, are essential for project success.', 'PMI defines a project as a temporary endeavor undertaken to create a unique product, service, or result, indicating a definite beginning and end. Projects are characterized by their temporary nature, unique output, and distinct beginning and end, with the output being a unique product or service that requires managing various resources and capabilities.']}], 'duration': 310.935, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/pc9nvBsXsuM/pics/pc9nvBsXsuM38447.jpg', 'highlights': ['The chapter covers various aspects of project management including project planning, use of Excel, cost, quality, communication, project managing tools, PMP exam preparation, role of a project manager, and interview questions, presented by specialists Chandra MR and Ishan.', 'Project management involves the application of knowledge, skills, tools, and techniques to meet project requirements, with a focus on achieving final deliverables within a finite time and budget.', 'The six constraints in project management are scope, time, quality, cost, risk, and resources, each playing a crucial role in project success.']}, {'end': 2002.406, 'segs': [{'end': 442.494, 'src': 'embed', 'start': 415.157, 'weight': 8, 'content': [{'end': 420.38, 'text': 'Next project or initiated would be to enhance the capability of a service or a product.', 'start': 415.157, 'duration': 5.223}, {'end': 423.402, 'text': 'Next project initiated after some time is to optimize something.', 'start': 420.661, 'duration': 2.741}, {'end': 428.906, 'text': 'Similarly at the end of the product life cycle, project is initiated to retire that product or services.', 'start': 423.582, 'duration': 5.324}, {'end': 433.088, 'text': 'So in a given product life cycle, there may be multiple project life cycle.', 'start': 429.186, 'duration': 3.902}, {'end': 438.271, 'text': 'So what is involved in the project life cycle? It involves five areas, five groups we can call it as.', 'start': 433.188, 'duration': 5.083}, {'end': 442.494, 'text': 'So initiation, planning, execution, monitoring and closure.', 'start': 438.291, 'duration': 4.203}], 'summary': 'Enhance, optimize, and retire products with multiple project life cycles involving initiation, planning, execution, monitoring, and closure.', 'duration': 27.337, 'max_score': 415.157, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/pc9nvBsXsuM/pics/pc9nvBsXsuM415157.jpg'}, {'end': 960.614, 'src': 'embed', 'start': 936.525, 'weight': 10, 'content': [{'end': 943.728, 'text': 'This will also help you to understand how the deliverables happening in what sequence, which helps in prioritizing your deliverables.', 'start': 936.525, 'duration': 7.203}, {'end': 944.928, 'text': 'Third is cost.', 'start': 943.988, 'duration': 0.94}, {'end': 951.73, 'text': 'So as we know to do any project, it is very essential to ensure project happens within that budget.', 'start': 945.508, 'duration': 6.222}, {'end': 957.232, 'text': 'So project cost is estimated initially, then that estimated cost will be checked.', 'start': 952.051, 'duration': 5.181}, {'end': 960.614, 'text': 'Checked in terms of is the assumptions, considerations are right or wrong.', 'start': 957.332, 'duration': 3.282}], 'summary': 'Understanding project deliverables sequence and cost estimation is essential for budget control.', 'duration': 24.089, 'max_score': 936.525, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/pc9nvBsXsuM/pics/pc9nvBsXsuM936525.jpg'}, {'end': 1216.806, 'src': 'embed', 'start': 1190.305, 'weight': 11, 'content': [{'end': 1193.847, 'text': 'so there are various techniques to look at resolving conflicts.', 'start': 1190.305, 'duration': 3.542}, {'end': 1198.649, 'text': 'so that is like compromising, problem solving, smoothening, accommodating.', 'start': 1193.847, 'duration': 4.802}, {'end': 1204.894, 'text': 'so whichever helps for that project scenario, for the project objectives that needs to be applied.', 'start': 1198.649, 'duration': 6.245}, {'end': 1206.395, 'text': 'that technique has to be taken up.', 'start': 1204.894, 'duration': 1.501}, {'end': 1211.501, 'text': "so here the resolution is not at the specific individual's preference.", 'start': 1206.395, 'duration': 5.106}, {'end': 1214.864, 'text': 'it is with the objective of whether projects has any impact.', 'start': 1211.501, 'duration': 3.363}, {'end': 1215.665, 'text': 'what kind of impact?', 'start': 1214.864, 'duration': 0.801}, {'end': 1216.806, 'text': 'positive or negative?', 'start': 1215.665, 'duration': 1.141}], 'summary': 'Resolving conflicts using techniques like compromising, problem solving, smoothening, and accommodating based on project objectives and impact.', 'duration': 26.501, 'max_score': 1190.305, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/pc9nvBsXsuM/pics/pc9nvBsXsuM1190305.jpg'}, {'end': 1450.49, 'src': 'embed', 'start': 1406.789, 'weight': 0, 'content': [{'end': 1410.012, 'text': 'Now this is one of the most ignored area in many of the projects.', 'start': 1406.789, 'duration': 3.223}, {'end': 1413.094, 'text': 'Even the communication happens more often, more frequently.', 'start': 1410.132, 'duration': 2.962}, {'end': 1422.258, 'text': 'But what people face Difficulty in realizing that as they communicate generally, informally, formally, they just take those for granted.', 'start': 1413.374, 'duration': 8.884}, {'end': 1428.861, 'text': 'Now when you identify the stakeholder, one has to understand what is the communication requirement for those stakeholders.', 'start': 1422.458, 'duration': 6.403}, {'end': 1430.562, 'text': 'What is that communication?', 'start': 1429.242, 'duration': 1.32}, {'end': 1432.183, 'text': 'Why is that communication?', 'start': 1430.862, 'duration': 1.321}, {'end': 1434.184, 'text': 'What is the content of that communication?', 'start': 1432.363, 'duration': 1.821}, {'end': 1437.946, 'text': 'How frequently we should do that interactions or communications?', 'start': 1434.764, 'duration': 3.182}, {'end': 1440.087, 'text': 'Intent of that particular communication?', 'start': 1438.246, 'duration': 1.841}, {'end': 1443.908, 'text': 'What is the expected action or response from that communication?', 'start': 1440.347, 'duration': 3.561}, {'end': 1447.369, 'text': 'All this needs to be very, very clear, and this can be articulated.', 'start': 1444.308, 'duration': 3.061}, {'end': 1448.949, 'text': 'It has to be articulated.', 'start': 1447.569, 'duration': 1.38}, {'end': 1450.49, 'text': 'So when it is articulated.', 'start': 1449.149, 'duration': 1.341}], 'summary': 'Identifying stakeholder communication requirements is essential for effective project communication.', 'duration': 43.701, 'max_score': 1406.789, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/pc9nvBsXsuM/pics/pc9nvBsXsuM1406789.jpg'}, {'end': 1528.013, 'src': 'embed', 'start': 1505.811, 'weight': 2, 'content': [{'end': 1514.099, 'text': 'Now, Current scenario in everywhere the projects, what you observe closely, people tend to look at the risk which are threats that is negative only,', 'start': 1505.811, 'duration': 8.288}, {'end': 1518.604, 'text': 'but they fail to recognize the risks which are opportunities, the positive risks.', 'start': 1514.099, 'duration': 4.505}, {'end': 1524.39, 'text': 'so another gap which we see when do the risk management is that is done in the initial phase of the project.', 'start': 1518.604, 'duration': 5.786}, {'end': 1528.013, 'text': 'as the project is kicked off, someone will do the risk assessment,', 'start': 1524.39, 'duration': 3.623}], 'summary': 'Projects often focus on negative risks, neglecting positive risks, and risk management is not done in the initial phase.', 'duration': 22.202, 'max_score': 1505.811, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/pc9nvBsXsuM/pics/pc9nvBsXsuM1505811.jpg'}, {'end': 1577.425, 'src': 'embed', 'start': 1542.742, 'weight': 3, 'content': [{'end': 1549.166, 'text': 'so risk identification and analysis and assessment of that risk has to be done throughout the life cycle of a project,', 'start': 1542.742, 'duration': 6.424}, {'end': 1554.089, 'text': 'reason being the risk which looks as an high impact when project is initiated.', 'start': 1549.166, 'duration': 4.923}, {'end': 1557.471, 'text': 'As the project progresses, the impact levels will vary.', 'start': 1554.709, 'duration': 2.762}, {'end': 1561.134, 'text': 'Maybe in the middle of the project, the impact may be very high or low.', 'start': 1557.711, 'duration': 3.423}, {'end': 1564.616, 'text': 'So likewise, the impacts of the risk will vary throughout the project lifecycle.', 'start': 1561.394, 'duration': 3.222}, {'end': 1566.417, 'text': 'It may be positive, it may be negative.', 'start': 1565.036, 'duration': 1.381}, {'end': 1572.301, 'text': 'So as you identify the stakeholder throughout the project lifecycle, as I said, that is also a dynamic.', 'start': 1566.617, 'duration': 5.684}, {'end': 1575.824, 'text': 'I cannot just have a list of stakeholders and I keep it as it is.', 'start': 1572.542, 'duration': 3.282}, {'end': 1577.425, 'text': 'I need to update that also regularly.', 'start': 1575.964, 'duration': 1.461}], 'summary': 'Risk assessment and stakeholder identification should be dynamic throughout the project lifecycle.', 'duration': 34.683, 'max_score': 1542.742, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/pc9nvBsXsuM/pics/pc9nvBsXsuM1542742.jpg'}, {'end': 1629.87, 'src': 'embed', 'start': 1599.866, 'weight': 14, 'content': [{'end': 1604.97, 'text': 'if it is a negative risk, definitely you should have a mitigation or avoidance or acceptance.', 'start': 1599.866, 'duration': 5.104}, {'end': 1610.715, 'text': 'whatever the mitigation plan, you have to eliminate the negative impact of the risk when it occurs.', 'start': 1604.97, 'duration': 5.745}, {'end': 1613.277, 'text': 'if it is a project, positive risk is quite obvious.', 'start': 1610.715, 'duration': 2.562}, {'end': 1615.038, 'text': 'one has to take the advantage of that.', 'start': 1613.277, 'duration': 1.761}, {'end': 1621.383, 'text': 'one has to enhance, exploit, share a positive risk so that organization is benefited further.', 'start': 1615.038, 'duration': 6.345}, {'end': 1629.87, 'text': 'procurement. so whenever a project is initiated, whenever a project is taken up, the organization who is doing the project cannot create everything,', 'start': 1621.383, 'duration': 8.487}], 'summary': 'Mitigate negative risks, exploit positive risks for project success.', 'duration': 30.004, 'max_score': 1599.866, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/pc9nvBsXsuM/pics/pc9nvBsXsuM1599866.jpg'}, {'end': 1762.95, 'src': 'embed', 'start': 1732.581, 'weight': 4, 'content': [{'end': 1737.042, 'text': 'should be able to put some effort to educate them also so that they come up to the mark.', 'start': 1732.581, 'duration': 4.461}, {'end': 1738.263, 'text': 'so project is benefited.', 'start': 1737.042, 'duration': 1.221}, {'end': 1742.544, 'text': 'so, depending on what needs to be done, that call has to be taken on a regular basis.', 'start': 1738.263, 'duration': 4.281}, {'end': 1744.124, 'text': 'then, critical success factor.', 'start': 1742.544, 'duration': 1.58}, {'end': 1748.946, 'text': 'so for every project there should be an articulation of critical success factor.', 'start': 1744.124, 'duration': 4.822}, {'end': 1757.048, 'text': 'So, based on that, one can confirm yes, project has achieved its objectives or project has not achieved its objectives.', 'start': 1749.466, 'duration': 7.582}, {'end': 1762.95, 'text': 'So critical success factor should be supported through the metrics, key performance indicators.', 'start': 1757.268, 'duration': 5.682}], 'summary': 'Educate team for improved project success. define critical success factors and link with kpis.', 'duration': 30.369, 'max_score': 1732.581, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/pc9nvBsXsuM/pics/pc9nvBsXsuM1732581.jpg'}, {'end': 1824.216, 'src': 'embed', 'start': 1790.864, 'weight': 13, 'content': [{'end': 1792.045, 'text': 'That is critical success factor.', 'start': 1790.864, 'duration': 1.181}, {'end': 1793.747, 'text': 'so how will i measure?', 'start': 1792.285, 'duration': 1.462}, {'end': 1795.709, 'text': 'that success factor is kpi.', 'start': 1793.747, 'duration': 1.962}, {'end': 1806.1, 'text': 'so every project which it produces a specific product or services by using a specific resources, and each of these the resources, the processes,', 'start': 1795.709, 'duration': 10.391}, {'end': 1811.045, 'text': 'the templates, the deliverables, all these needs to be measured on a continual basis.', 'start': 1806.1, 'duration': 4.945}, {'end': 1818.031, 'text': 'so there are critical success factors defined and those are measured by defining KPIs to that critical success factors.', 'start': 1811.485, 'duration': 6.546}, {'end': 1824.216, 'text': 'so, basically, critical success factor provides the insight towards what needs to be measured and when you measure,', 'start': 1818.031, 'duration': 6.185}], 'summary': 'Measuring critical success factors through kpis for continual improvement.', 'duration': 33.352, 'max_score': 1790.864, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/pc9nvBsXsuM/pics/pc9nvBsXsuM1790864.jpg'}, {'end': 1861.106, 'src': 'embed', 'start': 1830.321, 'weight': 5, 'content': [{'end': 1834.084, 'text': 'when you measure, yes, the moment you achieve that, your CSF is achieved.', 'start': 1830.321, 'duration': 3.763}, {'end': 1835.465, 'text': 'next, deliverables.', 'start': 1834.084, 'duration': 1.381}, {'end': 1839.568, 'text': 'so deliverables are those which comes as an output of the project.', 'start': 1835.465, 'duration': 4.103}, {'end': 1843.371, 'text': 'right, it may be product, it may be a service, it may be a result.', 'start': 1839.568, 'duration': 3.803}, {'end': 1846.774, 'text': 'so this refers to the output within the scope of a project.', 'start': 1843.371, 'duration': 3.403}, {'end': 1850.337, 'text': 'so there can be one or more deliverables within a single project.', 'start': 1846.774, 'duration': 3.563}, {'end': 1856.022, 'text': 'so these deliverables may be the items that are to be sent externally to a customer or a stakeholder.', 'start': 1850.337, 'duration': 5.685}, {'end': 1861.106, 'text': 'so every deliverable will have a defined scope, will have a defined specification.', 'start': 1856.022, 'duration': 5.084}], 'summary': 'Csf achieved when measured. deliverables are project outputs, may include products, services, or results, with defined scope and specification.', 'duration': 30.785, 'max_score': 1830.321, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/pc9nvBsXsuM/pics/pc9nvBsXsuM1830321.jpg'}, {'end': 1915.754, 'src': 'embed', 'start': 1888.611, 'weight': 6, 'content': [{'end': 1893.094, 'text': 'one has to ensure these deliverables has all those features and functionalities.', 'start': 1888.611, 'duration': 4.483}, {'end': 1897.598, 'text': 'only then that can be handed over to the respective stakeholder, customer or operation.', 'start': 1893.094, 'duration': 4.504}, {'end': 1900.88, 'text': 'whoever the stakeholder it is next is work breakdown structure.', 'start': 1897.598, 'duration': 3.282}, {'end': 1907.045, 'text': 'so when we say work breakdown structure, when i look at a specific piece of product or services and have a bigger picture,', 'start': 1900.88, 'duration': 6.165}, {'end': 1915.754, 'text': 'i cannot even visualize the various different components, various different actions involved in achieving that bigger deliverable.', 'start': 1907.345, 'duration': 8.409}], 'summary': 'Deliverables must have all features and functionalities before being handed over to stakeholders. work breakdown structure helps visualize the components and actions involved in achieving the deliverable.', 'duration': 27.143, 'max_score': 1888.611, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/pc9nvBsXsuM/pics/pc9nvBsXsuM1888611.jpg'}, {'end': 1980.681, 'src': 'embed', 'start': 1954.074, 'weight': 7, 'content': [{'end': 1957.755, 'text': "I'm saying that product will have multiple components which are involved.", 'start': 1954.074, 'duration': 3.681}, {'end': 1959.815, 'text': 'Those needs to be segregated.', 'start': 1958.355, 'duration': 1.46}, {'end': 1963.716, 'text': 'For example, if I say cars exteriors, cars interior.', 'start': 1959.976, 'duration': 3.74}, {'end': 1966.957, 'text': 'So cars exteriors, external items, you can see whatever you visualize.', 'start': 1963.917, 'duration': 3.04}, {'end': 1972.699, 'text': 'Body, body structure, mirror, mirror assembly, headlights, then tires.', 'start': 1967.117, 'duration': 5.582}, {'end': 1978.5, 'text': 'So likewise, whatever I can visualize, I will make it as a line items under the exterior.', 'start': 1973.059, 'duration': 5.441}, {'end': 1980.681, 'text': 'So under, for example, under a mirror.', 'start': 1978.8, 'duration': 1.881}], 'summary': 'The product will have multiple components such as car exteriors and interiors, each with specific line items.', 'duration': 26.607, 'max_score': 1954.074, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/pc9nvBsXsuM/pics/pc9nvBsXsuM1954074.jpg'}], 'start': 349.382, 'title': 'Project management essentials', 'summary': 'Covers the project life cycle, key management areas, stakeholder management, and success factors. it emphasizes the importance of adhering to these areas for successful project delivery and discusses critical success factors and key performance indicators in evaluating project success.', 'chapters': [{'end': 798.555, 'start': 349.382, 'title': 'Project life cycle & management', 'summary': 'Discusses the project life cycle, which involves initiating, planning, executing, monitoring, and closing a project, with a focus on delivering specific results and managing deviations to ensure project success.', 'duration': 449.173, 'highlights': ['The project life cycle involves five key areas: initiation, planning, execution, monitoring, and closure. Understanding the five key areas of the project life cycle is fundamental to successful project management.', 'Initiation involves understanding the feasibility and value of the project before moving to the planning phase. Assessing the feasibility and value of a project during the initiation phase is crucial for determining its viability.', 'Execution involves resource allocation, implementation, and monitoring of deliverables to ensure compliance with the project plan. Proper resource allocation and monitoring during execution are essential for ensuring project deliverables align with the project plan.', 'Monitoring and control involve comparing the accomplished work with the project plan, testing deliverables, and addressing deviations. The monitoring and control phase plays a critical role in identifying and addressing deviations to ensure project success.', 'The closure phase includes capturing project details, obtaining formal sign-off, and disseminating the project team. The closure phase encompasses capturing project details, obtaining formal sign-off, and ensuring a smooth handover of the project team.']}, {'end': 1253.43, 'start': 798.555, 'title': 'Project management key areas', 'summary': 'Covers the key areas of project management including scope, schedule, cost, quality, resources, and stakeholders, emphasizing the importance of adhering to these key areas for successful project delivery.', 'duration': 454.875, 'highlights': ['Scope management is crucial for ensuring project deliverables are in line with defined features and functionalities, and project activities are carried out as defined. The chapter emphasizes the importance of scope management, which includes managing product scope to ensure the features and functionality are well-defined and adhered to, as well as managing project scope to ensure all activities, templates, and processes are complied with to produce deliverables in line with the defined product scope.', "Schedule management involves planning the duration of the project, sequencing activities, understanding task dependencies, and prioritizing deliverables. The chapter stresses the significance of schedule management, which involves planning the project's duration, sequencing activities, understanding task dependencies, and prioritizing deliverables to ensure timely project delivery.", 'Cost management includes estimating project costs, checking assumptions, allocating budget, and setting tolerances to handle deviations while ensuring adherence to the budget. The chapter details the process of cost management, which encompasses estimating and allocating project costs, checking assumptions, setting budget tolerances, and handling deviations while ensuring adherence to the budget for successful project delivery.', "Quality management focuses on complying with standards, ensuring adherence to defined specifications, and monitoring project activities to achieve the project's intended objectives. The chapter highlights the importance of quality management, which involves ensuring compliance with standards, adherence to defined specifications, and monitoring project activities to achieve the project's intended objectives by following standardized methods and processes.", 'Resource management involves acquiring, configuring, and deploying human and technology resources, as well as resolving conflicts and ensuring the efficient utilization of resources. The chapter emphasizes resource management, covering the acquisition, configuration, and deployment of human and technology resources, along with the importance of conflict resolution and efficient resource utilization for successful project execution.']}, {'end': 1732.581, 'start': 1253.43, 'title': 'Project stakeholders and management', 'summary': 'Highlights the importance of stakeholder management, emphasizing the need for clear communication strategies, regular risk assessment and management throughout the project lifecycle, and the significance of effective procurement strategies in project success.', 'duration': 479.151, 'highlights': ['Stakeholder management and communication are closely linked and associated, and effective communication approaches lead to successful stakeholder engagement. Clear communication strategies and effective engagement with stakeholders are crucial for project success.', 'Regular and periodic risk identification, assessment, and analysis throughout the project lifecycle are essential to understand the validity and impact of risks, enabling effective risk management. Regular risk assessment and analysis throughout the project lifecycle are crucial for effective risk management.', 'Understanding the different types of contracts (cost plus, fixed price, and time and material) and their implications on project procurement is vital for successful supplier management. Understanding different types of contracts and their implications is vital for successful procurement.']}, {'end': 2002.406, 'start': 1732.581, 'title': 'Project success factors and deliverables', 'summary': 'Discusses the importance of critical success factors and key performance indicators in evaluating project success, the measurement and acceptance of deliverables, and the necessity of breaking down products or services into multiple components for visualization and understanding.', 'duration': 269.825, 'highlights': ['The importance of critical success factors and key performance indicators in evaluating project success is emphasized, providing a clear understanding of project objectives and measurements. ', 'The significance of measuring and accepting deliverables based on defined scope and specifications is outlined, ensuring the performance of each deliverable meets the intended requirements. ', 'The necessity of breaking down products or services into multiple components for visualization and understanding is emphasized, highlighting the importance of decomposing products to achieve a clear visualization. ']}], 'duration': 1653.024, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/pc9nvBsXsuM/pics/pc9nvBsXsuM349382.jpg', 'highlights': ['Understanding the five key areas of the project life cycle is fundamental to successful project management.', 'Assessing the feasibility and value of a project during the initiation phase is crucial for determining its viability.', 'Proper resource allocation and monitoring during execution are essential for ensuring project deliverables align with the project plan.', 'The monitoring and control phase plays a critical role in identifying and addressing deviations to ensure project success.', 'The closure phase encompasses capturing project details, obtaining formal sign-off, and ensuring a smooth handover of the project team.', 'The chapter emphasizes the importance of scope management, which includes managing product scope to ensure the features and functionality are well-defined and adhered to, as well as managing project scope to ensure all activities, templates, and processes are complied with to produce deliverables in line with the defined product scope.', "The chapter stresses the significance of schedule management, which involves planning the project's duration, sequencing activities, understanding task dependencies, and prioritizing deliverables to ensure timely project delivery.", 'The chapter details the process of cost management, which encompasses estimating and allocating project costs, checking assumptions, setting budget tolerances, and handling deviations while ensuring adherence to the budget for successful project delivery.', "The chapter highlights the importance of quality management, which involves ensuring compliance with standards, adherence to defined specifications, and monitoring project activities to achieve the project's intended objectives by following standardized methods and processes.", 'The chapter emphasizes resource management, covering the acquisition, configuration, and deployment of human and technology resources, along with the importance of conflict resolution and efficient resource utilization for successful project execution.', 'Clear communication strategies and effective engagement with stakeholders are crucial for project success.', 'Regular risk assessment and analysis throughout the project lifecycle are crucial for effective risk management.', 'Understanding different types of contracts and their implications is vital for successful procurement.', 'The importance of critical success factors and key performance indicators in evaluating project success is emphasized, providing a clear understanding of project objectives and measurements.', 'The significance of measuring and accepting deliverables based on defined scope and specifications is outlined, ensuring the performance of each deliverable meets the intended requirements.', 'The necessity of breaking down products or services into multiple components for visualization and understanding is emphasized, highlighting the importance of decomposing products to achieve a clear visualization.']}, {'end': 2756.344, 'segs': [{'end': 2034.208, 'src': 'embed', 'start': 2002.406, 'weight': 6, 'content': [{'end': 2004.067, 'text': 'what is there in detail?', 'start': 2002.406, 'duration': 1.661}, {'end': 2007.169, 'text': 'so once i have the details, i will articulate those.', 'start': 2004.067, 'duration': 3.102}, {'end': 2011.393, 'text': 'what is that particular work breakdown element is product breakdown element is.', 'start': 2007.169, 'duration': 4.224}, {'end': 2017.818, 'text': 'then i will look at what skills and capabilities required for that product and i will assign the resources accordingly.', 'start': 2011.393, 'duration': 6.425}, {'end': 2023.722, 'text': 'so once activities, resources, everything is assigned automatically this will become a work breakdown structure.', 'start': 2017.818, 'duration': 5.904}, {'end': 2028.106, 'text': 'further, after creating a work breakdown structure, one will go and sequence the activity.', 'start': 2023.722, 'duration': 4.384}, {'end': 2034.208, 'text': 'look at Sequencing will happen based on in what priority deliverable should happen, in what order deliverable should happen.', 'start': 2028.106, 'duration': 6.102}], 'summary': 'Creating a work breakdown structure and sequencing activities based on priority and order of deliverables.', 'duration': 31.802, 'max_score': 2002.406, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/pc9nvBsXsuM/pics/pc9nvBsXsuM2002406.jpg'}, {'end': 2107.991, 'src': 'embed', 'start': 2076.871, 'weight': 0, 'content': [{'end': 2083.335, 'text': 'whatever i mentioned are the basic understanding one should have about a project and project management.', 'start': 2076.871, 'duration': 6.464}, {'end': 2093.022, 'text': 'so as you deep dive into various best practices, like pmp by pmi, prince 2 by axolotl, scrum master, agile scrum master,', 'start': 2083.335, 'duration': 9.687}, {'end': 2097.103, 'text': 'similarly you have certified scrum master so many agile practices.', 'start': 2093.022, 'duration': 4.081}, {'end': 2099.205, 'text': 'so when you look at any of the best practices,', 'start': 2097.103, 'duration': 2.102}, {'end': 2107.991, 'text': 'that will tell you clearly articulate what should be the practice for you to adopt and adapt that practices so that your project can become successful.', 'start': 2099.205, 'duration': 8.786}], 'summary': 'Understanding of project management practices is crucial for project success, such as pmp by pmi, prince 2 by axolotl, and agile scrum master.', 'duration': 31.12, 'max_score': 2076.871, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/pc9nvBsXsuM/pics/pc9nvBsXsuM2076871.jpg'}, {'end': 2145.758, 'src': 'embed', 'start': 2118.998, 'weight': 7, 'content': [{'end': 2125.603, 'text': 'Now, typically in the industry, there are lot of job roles to the project management which we have seen.', 'start': 2118.998, 'duration': 6.605}, {'end': 2130.827, 'text': 'so, based on that, this information is captured here on various job roles in a project management.', 'start': 2125.603, 'duration': 5.224}, {'end': 2139.695, 'text': 'so some of them are like project manager, senior project manager, project lead resource manager, PMO, that is, project management office, analyst,', 'start': 2130.827, 'duration': 8.868}, {'end': 2140.616, 'text': 'steering committee member.', 'start': 2139.695, 'duration': 0.921}, {'end': 2145.758, 'text': 'so not necessarily all the project management roles are limited to this.', 'start': 2141.292, 'duration': 4.466}], 'summary': 'Various job roles in project management include project manager, senior project manager, project lead resource manager, pmo, analyst, and steering committee member.', 'duration': 26.76, 'max_score': 2118.998, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/pc9nvBsXsuM/pics/pc9nvBsXsuM2118998.jpg'}, {'end': 2662.494, 'src': 'embed', 'start': 2637.708, 'weight': 5, 'content': [{'end': 2644.11, 'text': 'so duration of examination is three hours and examination will have 150 multiple choice questions.', 'start': 2637.708, 'duration': 6.402}, {'end': 2650.191, 'text': 'so prerequisites someone who has secondary diploma 23 contact hours of pm education is enough.', 'start': 2644.11, 'duration': 6.081}, {'end': 2655.172, 'text': 'there is no experience of doing the project is required, as we saw in pmp.', 'start': 2650.191, 'duration': 4.981}, {'end': 2657.933, 'text': 'so maintenance is again three years.', 'start': 2655.172, 'duration': 2.761}, {'end': 2662.494, 'text': 'someone who need to continue the certification has to retake the examination every three years.', 'start': 2657.933, 'duration': 4.561}], 'summary': 'Pmp exam has 150 mcqs, 23 hrs pm education, no project experience required, maintenance every 3 years.', 'duration': 24.786, 'max_score': 2637.708, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/pc9nvBsXsuM/pics/pc9nvBsXsuM2637708.jpg'}, {'end': 2725.309, 'src': 'embed', 'start': 2694.346, 'weight': 1, 'content': [{'end': 2699.789, 'text': 'two days of training and 50 multiple choice questions after that particular two days of training.', 'start': 2694.346, 'duration': 5.443}, {'end': 2703.412, 'text': 'then prerequisite is none for maintaining this credentials.', 'start': 2699.949, 'duration': 3.463}, {'end': 2706.955, 'text': 'so one has to ensure it has renewed every two years.', 'start': 2703.412, 'duration': 3.543}, {'end': 2710.277, 'text': 'then projects in controlled environment, that is PRINCE2.', 'start': 2706.955, 'duration': 3.322}, {'end': 2715.441, 'text': 'so PRINCE2 is a method which is effective, mostly from the base of UK.', 'start': 2710.277, 'duration': 5.164}, {'end': 2725.309, 'text': 'all the organizations who are from UK region prefers to have PRINCE2 certification and it is as popular as any other project management certifications like PMP.', 'start': 2715.441, 'duration': 9.868}], 'summary': 'Prince2 certification requires 2-day training, 50 questions, and renewal every 2 years; popular in uk and equivalent to pmp.', 'duration': 30.963, 'max_score': 2694.346, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/pc9nvBsXsuM/pics/pc9nvBsXsuM2694346.jpg'}], 'start': 2002.406, 'title': 'Project management essentials', 'summary': 'Covers project breakdown, sequencing, critical path method, network diagramming, project management roles, responsibilities, and certifications like pmp, agile certified practitioner, certified associate in project management, certified scrum master, and prince2, including examination fees, prerequisites, and renewal requirements.', 'chapters': [{'end': 2076.871, 'start': 2002.406, 'title': 'Project breakdown and sequencing', 'summary': 'Discusses the process of creating a work breakdown structure, sequencing activities based on deliverable priorities, and optimizing the sequence to ensure a smooth flow of the project, using techniques like critical path method and network diagramming.', 'duration': 74.465, 'highlights': ['The first activity is to do the product breakdown which would result in work breakdown structure.', 'Sequencing activities based on priority deliverables and optimizing the sequence for smooth project flow using techniques like critical path method and network diagramming.', 'Assigning resources based on skills and capabilities required for the product breakdown element to create a work breakdown structure.', 'Checking floats, leads, and lags of activities to ensure smooth flow of project with no dependencies causing delays.']}, {'end': 2756.344, 'start': 2076.871, 'title': 'Project management roles and certifications', 'summary': 'Provides an overview of various project management roles and their responsibilities, along with key insights into project management certifications such as pmp, agile certified practitioner, certified associate in project management, certified scrum master, and prince2, including examination fees, prerequisites, and renewal requirements.', 'duration': 679.473, 'highlights': ['The success ratio of a project depends majorly on the project manager, with the demand for project managers rapidly increasing in the market, offering a salary of $75,474 per year, and $1,500,000 in INR. The project manager plays a crucial role in the success of a project, leading to a high demand for project managers in the market and offering a significant salary of $75,474 per year, and $1,500,000 in INR.', 'The role of a senior project manager, which demands in-depth knowledge of project aspects, offers a high salary of $104,000 per year, and $2,092,000 in INR. Senior project managers, being responsible for in-depth project knowledge, command a high salary of $104,000 per year, and $2,092,000 in INR.', 'The project management professional (PMP) certification is highly valued, resulting in certified professionals landing the highest paid jobs in the world, with a 20% higher salary than the average, and requiring 35 hours of formal training and 4,500 hours of project management experience. The PMP certification is highly esteemed, leading to professionals securing the highest paid jobs with a 20% salary increase, and necessitating 35 hours of formal training and 4,500 hours of project management experience.', 'The Agile Certified Practitioner certification demonstrates relevant experience and education to handle and lead Agile projects, with an examination fee of $435 for PMI members, and maintenance of 30 PDUs every three years. The Agile Certified Practitioner certification showcases the capability to manage Agile projects, with an examination fee of $435 for PMI members and a maintenance requirement of 30 PDUs every three years.', 'The PRINCE2 certification, popular in the UK, requires an examination fee ranging from $900 to $1000, with two levels of certification - foundation and practitioner, and a passing score of 55%. The PRINCE2 certification, favored in the UK, involves an examination fee ranging from $900 to $1000, with two certification levels and a passing score of 55%.']}], 'duration': 753.938, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/pc9nvBsXsuM/pics/pc9nvBsXsuM2002406.jpg', 'highlights': ['The success ratio of a project depends majorly on the project manager, with the demand for project managers rapidly increasing in the market, offering a salary of $75,474 per year, and $1,500,000 in INR.', 'The role of a senior project manager, which demands in-depth knowledge of project aspects, offers a high salary of $104,000 per year, and $2,092,000 in INR.', 'The project management professional (PMP) certification is highly valued, resulting in certified professionals landing the highest paid jobs in the world, with a 20% higher salary than the average, and requiring 35 hours of formal training and 4,500 hours of project management experience.', 'The Agile Certified Practitioner certification demonstrates relevant experience and education to handle and lead Agile projects, with an examination fee of $435 for PMI members, and maintenance of 30 PDUs every three years.', 'The PRINCE2 certification, popular in the UK, requires an examination fee ranging from $900 to $1000, with two levels of certification - foundation and practitioner, and a passing score of 55%.', 'The first activity is to do the product breakdown which would result in work breakdown structure.', 'Sequencing activities based on priority deliverables and optimizing the sequence for smooth project flow using techniques like critical path method and network diagramming.', 'Assigning resources based on skills and capabilities required for the product breakdown element to create a work breakdown structure.', 'Checking floats, leads, and lags of activities to ensure smooth flow of project with no dependencies causing delays.']}, {'end': 4198.734, 'segs': [{'end': 2812.468, 'src': 'embed', 'start': 2781.516, 'weight': 9, 'content': [{'end': 2791.185, 'text': 'then why project planning, tools for project planning and then basic project planning steps.', 'start': 2781.516, 'duration': 9.669}, {'end': 2797.23, 'text': 'so let us look at a case, a scenario what happens if there is no planning in place right?', 'start': 2791.185, 'duration': 6.045}, {'end': 2806.22, 'text': 'so if you look at the scenario where one of the Executors in the organization who is in the project is tensed.', 'start': 2797.23, 'duration': 8.99}, {'end': 2812.468, 'text': 'And what is the reason the person is in tensed if you go and query that person.', 'start': 2807.121, 'duration': 5.347}], 'summary': 'Importance of project planning highlighted with a scenario of a tense executor due to lack of planning.', 'duration': 30.952, 'max_score': 2781.516, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/pc9nvBsXsuM/pics/pc9nvBsXsuM2781516.jpg'}, {'end': 2957.912, 'src': 'embed', 'start': 2934.462, 'weight': 5, 'content': [{'end': 2945.57, 'text': 'so we speak about 10 knowledge areas like integration, then scope management, then cost management, schedule management, risk management,', 'start': 2934.462, 'duration': 11.108}, {'end': 2952.235, 'text': 'quality management, communication management, stakeholder management, procurement management, resource management.', 'start': 2945.57, 'duration': 6.665}, {'end': 2957.912, 'text': 'So in each of these knowledge areas we have the processes when it comes to planning.', 'start': 2952.95, 'duration': 4.962}], 'summary': 'The discussion covers 10 knowledge areas with processes for planning in each area.', 'duration': 23.45, 'max_score': 2934.462, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/pc9nvBsXsuM/pics/pc9nvBsXsuM2934462.jpg'}, {'end': 3110.044, 'src': 'embed', 'start': 3083.984, 'weight': 7, 'content': [{'end': 3091.169, 'text': 'And when organization takes up the project, we should keep in mind organization takes up the project for a reason, business reason.', 'start': 3083.984, 'duration': 7.185}, {'end': 3094.471, 'text': 'Now, as a project manager, I need not worry about revenue.', 'start': 3091.789, 'duration': 2.682}, {'end': 3099.479, 'text': 'but I may require to have a proper understanding of why the project is taken up,', 'start': 3095.117, 'duration': 4.362}, {'end': 3104.301, 'text': 'what is the reason the project is taken up and what is that organization is trying to accomplish out of it?', 'start': 3099.479, 'duration': 4.822}, {'end': 3110.044, 'text': 'When as a project manager I have the clarity, it helps me to take the project in a specific direction.', 'start': 3104.381, 'duration': 5.663}], 'summary': 'Project manager should understand the business reason for taking up a project to guide it effectively.', 'duration': 26.06, 'max_score': 3083.984, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/pc9nvBsXsuM/pics/pc9nvBsXsuM3083984.jpg'}, {'end': 3160.74, 'src': 'embed', 'start': 3126.264, 'weight': 10, 'content': [{'end': 3128.965, 'text': 'so everything we do in the project should be aligned to what we are doing.', 'start': 3126.264, 'duration': 2.701}, {'end': 3132.646, 'text': 'however, in planning everything should be visible, must.', 'start': 3128.965, 'duration': 3.681}, {'end': 3140.127, 'text': 'only then you can able to bring that alignment if it is not available during the planning, if we are not considered during the planning,', 'start': 3132.646, 'duration': 7.481}, {'end': 3146.849, 'text': 'then obviously we may find difficulty in taking things into that required alignment or accomplishing that objective,', 'start': 3140.127, 'duration': 6.722}, {'end': 3153.39, 'text': 'because your execution will be based on your planning and all that you monitor and control will be based on what is defined during the planning.', 'start': 3146.849, 'duration': 6.541}, {'end': 3160.74, 'text': 'similarly, when you close before closure, you test, check whether everything is accomplished again.', 'start': 3154.113, 'duration': 6.627}], 'summary': 'Alignment in planning crucial for execution and closure success.', 'duration': 34.476, 'max_score': 3126.264, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/pc9nvBsXsuM/pics/pc9nvBsXsuM3126264.jpg'}, {'end': 3892.548, 'src': 'embed', 'start': 3864.778, 'weight': 1, 'content': [{'end': 3870.88, 'text': 'but to take it in that direction and understanding whether it is in direction or not,', 'start': 3864.778, 'duration': 6.102}, {'end': 3875.082, 'text': 'or are we required to do some changes to bring it back if there is a deviation?', 'start': 3870.88, 'duration': 4.202}, {'end': 3878.683, 'text': 'All this needs to be, the clarity needs to be obtained.', 'start': 3875.502, 'duration': 3.181}, {'end': 3887.266, 'text': 'Now what are those planning fundamentals? We are required to have clarity in terms of what is that we need to consider while planning very clearly.', 'start': 3879.903, 'duration': 7.363}, {'end': 3892.548, 'text': 'So here determining scope, cost and resources.', 'start': 3888.206, 'duration': 4.342}], 'summary': 'Clarity needed on planning fundamentals: scope, cost, and resources.', 'duration': 27.77, 'max_score': 3864.778, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/pc9nvBsXsuM/pics/pc9nvBsXsuM3864778.jpg'}, {'end': 3949.37, 'src': 'embed', 'start': 3913.888, 'weight': 2, 'content': [{'end': 3917.27, 'text': "So now it is not just about human resource, it's about skill set.", 'start': 3913.888, 'duration': 3.382}, {'end': 3920.701, 'text': 'Now in that skill set again you speak about to what extent.', 'start': 3918.16, 'duration': 2.541}, {'end': 3923.743, 'text': 'Is it at expert level or at the basic or intermediate?', 'start': 3920.881, 'duration': 2.862}, {'end': 3924.583, 'text': 'What is that exactly?', 'start': 3923.783, 'duration': 0.8}, {'end': 3925.244, 'text': 'To what extent??', 'start': 3924.623, 'duration': 0.621}, {'end': 3927.125, 'text': 'What is expected out of that role??', 'start': 3925.704, 'duration': 1.421}, {'end': 3930.666, 'text': 'All this depends on deliverables, what we need to do.', 'start': 3928.025, 'duration': 2.641}, {'end': 3936.329, 'text': 'So the understanding of this one can have by having the work breakdown structure.', 'start': 3931.167, 'duration': 5.162}, {'end': 3940.111, 'text': 'Now, many a times I have seen whenever you use this term work,', 'start': 3937.25, 'duration': 2.861}, {'end': 3949.37, 'text': 'breakdown structure people straight away get into writing the list of activities and then organizing them in certain order.', 'start': 3940.111, 'duration': 9.259}], 'summary': 'Transition from human resource to skill set, assessing expertise levels, and understanding deliverables through work breakdown structure.', 'duration': 35.482, 'max_score': 3913.888, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/pc9nvBsXsuM/pics/pc9nvBsXsuM3913888.jpg'}, {'end': 4033.843, 'src': 'embed', 'start': 3986.09, 'weight': 0, 'content': [{'end': 3989.011, 'text': 'resources which are required to create that bottle.', 'start': 3986.09, 'duration': 2.921}, {'end': 3997.114, 'text': 'So what does the bottle will have as a deliverable? It will have that body, the main bottle body.', 'start': 3990.252, 'duration': 6.862}, {'end': 3998.374, 'text': 'It will have a cap.', 'start': 3997.614, 'duration': 0.76}, {'end': 4002.996, 'text': "And along with the cap, there will be a ring, which we'll just use to seal that particular cap.", 'start': 3998.915, 'duration': 4.081}, {'end': 4006.238, 'text': 'then it is not plain bottle right.', 'start': 4003.996, 'duration': 2.242}, {'end': 4009.361, 'text': 'so you will have a wrapper around it.', 'start': 4006.238, 'duration': 3.123}, {'end': 4010.742, 'text': 'that is another deliverable.', 'start': 4009.361, 'duration': 1.381}, {'end': 4016.707, 'text': 'if you want to do the breakdown of this bottle, i would say cap has one part, cap ring has another part.', 'start': 4010.742, 'duration': 5.965}, {'end': 4020.29, 'text': 'maybe body is another part, body wrapper is another part.', 'start': 4016.707, 'duration': 3.583}, {'end': 4022.331, 'text': 'now further, i can have a description.', 'start': 4020.29, 'duration': 2.041}, {'end': 4025.234, 'text': 'so cap will have a specific color.', 'start': 4022.331, 'duration': 2.903}, {'end': 4032.26, 'text': 'cap will have a specific size, right and specific circumference, radius thickness similar to the cap ring.', 'start': 4025.234, 'duration': 7.026}, {'end': 4033.843, 'text': 'Then water bottle.', 'start': 4033.083, 'duration': 0.76}], 'summary': 'Creation of a bottle with body, cap, ring, and wrapper; cap and ring each consist of one part. cap has specific color, size, and dimensions.', 'duration': 47.753, 'max_score': 3986.09, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/pc9nvBsXsuM/pics/pc9nvBsXsuM3986090.jpg'}, {'end': 4198.734, 'src': 'embed', 'start': 4151.645, 'weight': 3, 'content': [{'end': 4156.587, 'text': 'Now what I will do, the work breakdown structure, the technique we call it as decomposition.', 'start': 4151.645, 'duration': 4.942}, {'end': 4158.988, 'text': 'We do top down.', 'start': 4157.448, 'duration': 1.54}, {'end': 4163.091, 'text': 'As shown in the picture here, top down it is going.', 'start': 4159.149, 'duration': 3.942}, {'end': 4168.874, 'text': 'So now once you have this top down structure, breakdown structure, which we call it as a product breakdown structure.', 'start': 4163.411, 'duration': 5.463}, {'end': 4174.14, 'text': 'Once I have the product breakdown structure, Then I will go bottom up now.', 'start': 4169.594, 'duration': 4.546}, {'end': 4179.482, 'text': 'What will I do? Bottom most item I will take for example mirror glass I will take as an example.', 'start': 4174.16, 'duration': 5.322}, {'end': 4184.983, 'text': 'So what is the thickness of the glass? Definitely rear view mirrors are convex mirrors.', 'start': 4180.261, 'duration': 4.722}, {'end': 4188.064, 'text': 'What is that convex specification of that mirror??', 'start': 4185.643, 'duration': 2.421}, {'end': 4191.203, 'text': 'What is that thickness of that mirror??', 'start': 4189.663, 'duration': 1.54}, {'end': 4194.345, 'text': 'What is the size and shape of that mirror glass?', 'start': 4192.004, 'duration': 2.341}, {'end': 4197.074, 'text': 'I am speaking about glass only.', 'start': 4195.253, 'duration': 1.821}, {'end': 4198.734, 'text': 'I have not even touched about a cap.', 'start': 4197.214, 'duration': 1.52}], 'summary': 'The process involves top-down decomposition followed by bottom-up analysis, focusing on specific product details like mirror thickness and specifications.', 'duration': 47.089, 'max_score': 4151.645, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/pc9nvBsXsuM/pics/pc9nvBsXsuM4151645.jpg'}], 'start': 2756.344, 'title': 'Importance of project planning and execution', 'summary': 'Emphasizes the critical role of project planning, as 50% of project management processes are dedicated to planning. it also discusses the importance of monitoring and controlling in project execution, emphasizing the need for clear objectives, scope definition, and scheduling tasks.', 'chapters': [{'end': 3353.916, 'start': 2756.344, 'title': 'Importance of project planning', 'summary': 'Emphasizes the critical role of project planning, as 50% of project management processes are dedicated to planning, highlighting the importance of thorough planning to avoid issues and ensure alignment with organizational objectives.', 'duration': 597.572, 'highlights': ['50% of project management processes are dedicated to planning Out of 49 project management processes, 24 are dedicated to planning, underscoring the significant role and emphasis on thorough planning.', 'Maintaining certificate requires achieving 20 CPDs every year To maintain the certificate, individuals need to achieve 20 Continued Professional Development (CPDs) annually, emphasizing the ongoing commitment to professional growth and learning.', 'Planning encompasses various aspects beyond budget, including schedule, scope, resources, quality, risk, stakeholders, and procurement The planning process extends beyond budgeting to include critical elements such as scheduling, scope, resource management, quality, risk assessment, stakeholder engagement, and procurement, ensuring comprehensive project preparedness.', 'Organization takes up projects for specific business reasons, and project managers need clarity on the objectives to steer the project in the right direction Highlighting the importance of aligning project activities with organizational objectives, underscoring the need for project managers to have a clear understanding of the business reasons driving the project.', 'Thorough planning is essential for aligning execution and monitoring with the defined project objectives Emphasizing the critical role of planning in aligning project execution and monitoring with predefined project objectives, ensuring that project activities are aligned with the intended organizational outcomes.']}, {'end': 3707.261, 'start': 3354.596, 'title': 'Project execution and monitoring', 'summary': 'Discusses the importance of monitoring and controlling in project execution, emphasizing the need for clear objectives, scope definition, and scheduling tasks, with a focus on aligning deliverables with planned objectives and ensuring proper sequencing of activities.', 'duration': 352.665, 'highlights': ['Monitoring and controlling are crucial to ensure that deliverables meet the planned objectives and are aligned with the project scope, requiring clear metrics, methods, and analysis for successful accomplishment. Importance of monitoring and controlling, alignment with project scope, need for clear metrics and analysis', 'Clear objectives and scope definition are essential for the team to understand what they are aiming to accomplish, emphasizing the significance of explaining objectives and visualizing both the product and project scope. Importance of clear objectives and scope, need for team understanding, visualizing product and project scope', 'Scheduling tasks involves sequencing activities and understanding the specific points in time for each task, including the distinction between parallel and sequential activities in project scheduling. Sequencing activities, understanding specific points in time, distinguishing parallel and sequential activities']}, {'end': 4198.734, 'start': 3707.301, 'title': 'Project planning and progress reporting', 'summary': 'Discusses the importance of understanding scheduling, generating progress reports, and analyzing critical success factors, key performance indicators, and metrics for project planning, with a focus on work breakdown structure and the technique of decomposition.', 'duration': 491.433, 'highlights': ['Understanding the importance of scheduling and progress reporting The chapter emphasizes the significance of having a proper understanding of scheduling tasks and generating progress reports for project management.', 'Analyzing critical success factors, key performance indicators, and metrics The need to analyze critical success factors, key performance indicators, and metrics to measure project performance and identify areas for improvement is stressed, including understanding the interpretation of utilization percentages and time deviations.', 'Importance of work breakdown structure and decomposition technique The technique of utilizing work breakdown structure and decomposition is explained, emphasizing the importance of focusing on deliverables and logically breaking down project components to a level where further subdivision is not feasible.']}], 'duration': 1442.39, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/pc9nvBsXsuM/pics/pc9nvBsXsuM2756344.jpg', 'highlights': ['50% of project management processes are dedicated to planning Out of 49 project management processes, 24 are dedicated to planning, underscoring the significant role and emphasis on thorough planning.', 'Maintaining certificate requires achieving 20 CPDs every year To maintain the certificate, individuals need to achieve 20 Continued Professional Development (CPDs) annually, emphasizing the ongoing commitment to professional growth and learning.', 'Planning encompasses various aspects beyond budget, including schedule, scope, resources, quality, risk, stakeholders, and procurement The planning process extends beyond budgeting to include critical elements such as scheduling, scope, resource management, quality, risk assessment, stakeholder engagement, and procurement, ensuring comprehensive project preparedness.', 'Organization takes up projects for specific business reasons, and project managers need clarity on the objectives to steer the project in the right direction Highlighting the importance of aligning project activities with organizational objectives, underscoring the need for project managers to have a clear understanding of the business reasons driving the project.', 'Thorough planning is essential for aligning execution and monitoring with the defined project objectives Emphasizing the critical role of planning in aligning project execution and monitoring with predefined project objectives, ensuring that project activities are aligned with the intended organizational outcomes.', 'Monitoring and controlling are crucial to ensure that deliverables meet the planned objectives and are aligned with the project scope, requiring clear metrics, methods, and analysis for successful accomplishment. Importance of monitoring and controlling, alignment with project scope, need for clear metrics and analysis', 'Clear objectives and scope definition are essential for the team to understand what they are aiming to accomplish, emphasizing the significance of explaining objectives and visualizing both the product and project scope. Importance of clear objectives and scope, need for team understanding, visualizing product and project scope', 'Scheduling tasks involves sequencing activities and understanding the specific points in time for each task, including the distinction between parallel and sequential activities in project scheduling. Sequencing activities, understanding specific points in time, distinguishing parallel and sequential activities', 'Understanding the importance of scheduling and progress reporting The chapter emphasizes the significance of having a proper understanding of scheduling tasks and generating progress reports for project management.', 'Analyzing critical success factors, key performance indicators, and metrics The need to analyze critical success factors, key performance indicators, and metrics to measure project performance and identify areas for improvement is stressed, including understanding the interpretation of utilization percentages and time deviations.', 'Importance of work breakdown structure and decomposition technique The technique of utilizing work breakdown structure and decomposition is explained, emphasizing the importance of focusing on deliverables and logically breaking down project components to a level where further subdivision is not feasible.']}, {'end': 4981.687, 'segs': [{'end': 4546.767, 'src': 'embed', 'start': 4520.161, 'weight': 2, 'content': [{'end': 4524.544, 'text': 'So, they find difficult to link the term problem to actual meaning of the problem itself.', 'start': 4520.161, 'duration': 4.383}, {'end': 4530.669, 'text': 'So, when I say issue, when I say occurrence of something, that we can call it as an event or issue or incident.', 'start': 4525.345, 'duration': 5.324}, {'end': 4532.009, 'text': 'That cannot be a problem.', 'start': 4531.089, 'duration': 0.92}, {'end': 4538.794, 'text': 'So, for occurrence of this event, for occurrence of that incident, for occurrence of that issue, there may be certain triggers.', 'start': 4532.83, 'duration': 5.964}, {'end': 4540.463, 'text': 'root cause.', 'start': 4539.642, 'duration': 0.821}, {'end': 4542.264, 'text': 'that root cause can be called as problem.', 'start': 4540.463, 'duration': 1.801}, {'end': 4546.767, 'text': 'so that correct understanding we should have whenever we say identification of problem.', 'start': 4542.264, 'duration': 4.503}], 'summary': 'Understanding the distinction between issues, events, and triggers is crucial for identifying the root cause of a problem.', 'duration': 26.606, 'max_score': 4520.161, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/pc9nvBsXsuM/pics/pc9nvBsXsuM4520161.jpg'}, {'end': 4782.143, 'src': 'embed', 'start': 4747.069, 'weight': 1, 'content': [{'end': 4748.47, 'text': 'If the project is not related to them.', 'start': 4747.069, 'duration': 1.401}, {'end': 4757.175, 'text': "for example, I'm working on a project to have a network connectivity from an internet service provider, Highland Connectivity, as part of our project.", 'start': 4748.47, 'duration': 8.705}, {'end': 4763.286, 'text': 'need of organization, HR department or HR is at least worried about it because their objective is totally different.', 'start': 4757.901, 'duration': 5.385}, {'end': 4767.269, 'text': 'Their focus will be on different direction altogether, but high in power.', 'start': 4763.886, 'duration': 3.383}, {'end': 4773.975, 'text': 'How to engage with HR head? How to engage with IT head? That I can define based on this power and interest.', 'start': 4767.91, 'duration': 6.065}, {'end': 4782.143, 'text': 'So we have something called power interest grid, which can be used to put the stakeholders in each of the grid part and see how do we engage.', 'start': 4774.616, 'duration': 7.527}], 'summary': 'Engage with hr and it heads using power interest grid to align stakeholders.', 'duration': 35.074, 'max_score': 4747.069, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/pc9nvBsXsuM/pics/pc9nvBsXsuM4747069.jpg'}, {'end': 4875.522, 'src': 'embed', 'start': 4850.283, 'weight': 0, 'content': [{'end': 4856.685, 'text': 'so the success of project entirely depends on how much of expectation can the project meet.', 'start': 4850.283, 'duration': 6.402}, {'end': 4861.006, 'text': 'so by default, expectation is achieving hundred percent.', 'start': 4856.685, 'duration': 4.321}, {'end': 4862.467, 'text': 'accomplishing the expectation.', 'start': 4861.006, 'duration': 1.461}, {'end': 4866.308, 'text': "hundred percent, that's where you see the success of the project.", 'start': 4862.467, 'duration': 3.841}, {'end': 4869.329, 'text': 'but many times the project may not achieve everything.', 'start': 4866.308, 'duration': 3.021}, {'end': 4870.509, 'text': 'various different reasons.', 'start': 4869.329, 'duration': 1.18}, {'end': 4875.522, 'text': 'but but you as a project manager should not aim for not achieving everything.', 'start': 4870.509, 'duration': 5.013}], 'summary': 'Success of project depends on meeting 100% of expectations, but aiming for it is crucial.', 'duration': 25.239, 'max_score': 4850.283, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/pc9nvBsXsuM/pics/pc9nvBsXsuM4850283.jpg'}, {'end': 4931.526, 'src': 'embed', 'start': 4909.902, 'weight': 3, 'content': [{'end': 4918.324, 'text': 'However, which is in your control, you should know and you should move towards the direction what is required to accomplish the project.', 'start': 4909.902, 'duration': 8.422}, {'end': 4926.205, 'text': 'And that needs to be updated to the project board or project sponsor or PMO, whoever is that project governance authority.', 'start': 4918.924, 'duration': 7.281}, {'end': 4929.606, 'text': 'Project managers should have a good handshake with them on a regular basis.', 'start': 4927.005, 'duration': 2.601}, {'end': 4931.526, 'text': 'And a review with the team always.', 'start': 4930.166, 'duration': 1.36}], 'summary': 'Project managers should communicate regularly with project governance and review progress with the team.', 'duration': 21.624, 'max_score': 4909.902, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/pc9nvBsXsuM/pics/pc9nvBsXsuM4909902.jpg'}], 'start': 4198.754, 'title': 'Product element analysis and project management', 'summary': 'Details the process of analyzing product elements from bottom up, estimating resource, effort, budget, risk, and quantity, and discusses the importance of work breakdown structure for project consolidation, proactive and reactive problem management, identification and management of stakeholders, and managing risks.', 'chapters': [{'end': 4240.279, 'start': 4198.754, 'title': 'Product element analysis process', 'summary': 'Details the process of analyzing product elements from bottom up, starting with the mirror glass, estimating resource, effort, budget, risk, and quantity, and consolidating upwards to elements like the cap, mount, and motor.', 'duration': 41.525, 'highlights': ['The process starts with analyzing the mirror glass, including estimating resource, effort, budget, risk, and quantity.', 'The analysis then progresses to elements like the cap, mount, and motor, following a bottom-up approach.', 'The approach involves detailing the effort, budget, and risk involved for each product element.']}, {'end': 4981.687, 'start': 4241.5, 'title': 'Project management and problem resolution', 'summary': 'Discusses the importance of work breakdown structure for project consolidation and adaptive projects, proactive and reactive problem management, identification and management of stakeholders, and aligning project objectives with stakeholder expectations and managing risks.', 'duration': 740.187, 'highlights': ['The importance of work breakdown structure for project consolidation and adaptive projects. The work breakdown structure is essential for consolidating efforts, budget, and resources at the top level and is crucial for adaptive projects where changes and priorities keep coming in.', 'The significance of proactive and reactive problem management in project management. Proactive problem management involves foreseeing potential issues and taking action, while reactive problem management focuses on resolving occurring issues to enhance organizational functionalities.', 'The process of identification and management of stakeholders in a project. Stakeholders need to be continually identified, evaluated for impact and influence, and engaged based on their power and interest to ensure their alignment with project objectives.', 'Aligning project objectives with stakeholder expectations and managing risks. The success of a project depends on meeting stakeholder expectations, and it is crucial to manage risks by analyzing potential deviations and ensuring preparedness to handle them.']}], 'duration': 782.933, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/pc9nvBsXsuM/pics/pc9nvBsXsuM4198754.jpg', 'highlights': ['The process involves analyzing mirror glass, cap, mount, and motor using a bottom-up approach.', 'Work breakdown structure is crucial for consolidating efforts, budget, and resources at the top level.', 'Proactive problem management involves foreseeing potential issues and taking action.', 'Stakeholders need to be continually identified, evaluated for impact and influence, and engaged based on their power and interest.', 'Managing risks by analyzing potential deviations and ensuring preparedness to handle them.']}, {'end': 6809.948, 'segs': [{'end': 5649.443, 'src': 'embed', 'start': 5626.834, 'weight': 4, 'content': [{'end': 5634.498, 'text': 'So why do we call it as a critical path? We call it as a critical path because any delay in the critical path will delay the project itself.', 'start': 5626.834, 'duration': 7.664}, {'end': 5639.298, 'text': 'any delay in the critical path will delay the project itself.', 'start': 5635.956, 'duration': 3.342}, {'end': 5642.319, 'text': 'that is the reason we call it as critical method.', 'start': 5639.298, 'duration': 3.021}, {'end': 5649.443, 'text': 'so another one we have, like critical chain method, so critical activities which are essential for accomplishing the required results,', 'start': 5642.319, 'duration': 7.124}], 'summary': 'Critical path delays lead to project delays.', 'duration': 22.609, 'max_score': 5626.834, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/pc9nvBsXsuM/pics/pc9nvBsXsuM5626834.jpg'}, {'end': 6126.966, 'src': 'embed', 'start': 6089.47, 'weight': 0, 'content': [{'end': 6092.992, 'text': "Before we begin this, it's important we know what is a Gantt chart.", 'start': 6089.47, 'duration': 3.522}, {'end': 6095.753, 'text': 'A Gantt chart is like a horizontal bar chart that is used for project management.', 'start': 6093.112, 'duration': 2.641}, {'end': 6100.115, 'text': 'With the help of a Gantt chart, we can check the states of the task, the date they start, the date they end, and their dependencies on each other.', 'start': 6095.953, 'duration': 4.162}, {'end': 6103.376, 'text': 'Gantt chart helps in coordinating and monitoring different tasks in a project.', 'start': 6100.395, 'duration': 2.981}, {'end': 6105.817, 'text': "Now, let's have a look at the steps that will help us in making a Gantt chart.", 'start': 6103.436, 'duration': 2.381}, {'end': 6107.218, 'text': 'First step we have is making a project table.', 'start': 6105.837, 'duration': 1.381}, {'end': 6108.558, 'text': 'We have several rows and columns.', 'start': 6107.358, 'duration': 1.2}, {'end': 6109.779, 'text': 'Like here, we have three columns.', 'start': 6108.698, 'duration': 1.081}, {'end': 6111.039, 'text': 'In the first column, we have the tasks.', 'start': 6109.979, 'duration': 1.06}, {'end': 6112.08, 'text': 'In the second, we have a start date.', 'start': 6111.059, 'duration': 1.021}, {'end': 6114.201, 'text': 'And in the third column, we have the duration or tenure of the task.', 'start': 6112.1, 'duration': 2.101}, {'end': 6116.001, 'text': 'The second step is to make a bar chart in Excel.', 'start': 6114.361, 'duration': 1.64}, {'end': 6117.742, 'text': 'For this, we will select the entire second column.', 'start': 6116.141, 'duration': 1.601}, {'end': 6119.903, 'text': 'Then, we will go on the insert tab and click on the bar graph chart.', 'start': 6117.802, 'duration': 2.101}, {'end': 6122.424, 'text': 'There, we can select stacked bar graph to be bar charts.', 'start': 6120.123, 'duration': 2.301}, {'end': 6124.245, 'text': 'As a result, we will have the entire bar graph on the screen.', 'start': 6122.524, 'duration': 1.721}, {'end': 6126.086, 'text': 'In the third step, we will add the duration to the bar graph.', 'start': 6124.345, 'duration': 1.741}, {'end': 6126.966, 'text': 'We will right click on the chart.', 'start': 6126.106, 'duration': 0.86}], 'summary': 'Gantt chart organizes project tasks, dates, and dependencies to coordinate and monitor tasks effectively.', 'duration': 37.496, 'max_score': 6089.47, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/pc9nvBsXsuM/pics/pc9nvBsXsuM6089470.jpg'}, {'end': 6215.013, 'src': 'embed', 'start': 6185.023, 'weight': 3, 'content': [{'end': 6186.725, 'text': 'Now we can find our tasks in the right order.', 'start': 6185.023, 'duration': 1.702}, {'end': 6192.03, 'text': 'One more thing we can notice is, Gantt chart is starting with some other date and not with the dates that we had entered.', 'start': 6187.045, 'duration': 4.985}, {'end': 6194.553, 'text': 'So for this, we will copy the first date in some other cell.', 'start': 6192.21, 'duration': 2.343}, {'end': 6199.137, 'text': 'Then clicking on the copied cell, we will go to the home menu to select the dialog box as shown in the figure.', 'start': 6194.593, 'duration': 4.544}, {'end': 6202.24, 'text': 'Then in that drop down menu, We will select the number option.', 'start': 6199.377, 'duration': 2.863}, {'end': 6205.143, 'text': 'We can now find a value displayed in the copied cell.', 'start': 6202.541, 'duration': 2.602}, {'end': 6206.785, 'text': 'We will copy that value.', 'start': 6205.364, 'duration': 1.421}, {'end': 6212.991, 'text': 'click on the dates on the chart and as the format axis dialog box opens, we will paste that value in the box that says minimum shown in the figure.', 'start': 6206.785, 'duration': 6.206}, {'end': 6215.013, 'text': 'As a result, we will have a final Gantt chart on the screen.', 'start': 6213.011, 'duration': 2.002}], 'summary': 'Adjust gantt chart to display correct dates by copying and pasting values, resulting in a final gantt chart on the screen.', 'duration': 29.99, 'max_score': 6185.023, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/pc9nvBsXsuM/pics/pc9nvBsXsuM6185023.jpg'}, {'end': 6400.52, 'src': 'embed', 'start': 6369.81, 'weight': 5, 'content': [{'end': 6371.331, 'text': 'Here, we have this Format Data Series option.', 'start': 6369.81, 'duration': 1.521}, {'end': 6373.132, 'text': 'Now we can see the dialog box on the screen.', 'start': 6371.611, 'duration': 1.521}, {'end': 6378.653, 'text': "here we'll go into the color section, fill section, and then we will select no fill.", 'start': 6373.672, 'duration': 4.981}, {'end': 6380.434, 'text': 'now we can see the blue lines have disappeared.', 'start': 6378.653, 'duration': 1.781}, {'end': 6381.874, 'text': 'so this looks like a Gantt chart.', 'start': 6380.434, 'duration': 1.44}, {'end': 6385.695, 'text': 'so now, when we have a Gantt chart on the screen, we can notice that the tasks here are in the reverse order.', 'start': 6381.874, 'duration': 3.821}, {'end': 6388.856, 'text': 'so what we will do is we will click on these tasks and select the format exit option.', 'start': 6385.695, 'duration': 3.161}, {'end': 6390.577, 'text': 'here we will select categories in reverse order.', 'start': 6388.856, 'duration': 1.721}, {'end': 6392.777, 'text': 'we can see our Gantt chart is now in order.', 'start': 6390.577, 'duration': 2.2}, {'end': 6394.718, 'text': 'like we have a task 1 on top and task 3 at the bottom.', 'start': 6392.777, 'duration': 1.941}, {'end': 6398.059, 'text': 'the dates are starting from 11th of December, but the dates we have provided are from 1st of January.', 'start': 6394.718, 'duration': 3.341}, {'end': 6400.52, 'text': 'Now we will copy the cell then go on the dates box.', 'start': 6398.539, 'duration': 1.981}], 'summary': 'Demonstrating formatting data series and reversing task order in gantt chart.', 'duration': 30.71, 'max_score': 6369.81, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/pc9nvBsXsuM/pics/pc9nvBsXsuM6369810.jpg'}, {'end': 6442.154, 'src': 'embed', 'start': 6416.151, 'weight': 6, 'content': [{'end': 6420.233, 'text': 'In the last step, what we can do is make our Gantt chart more representable.', 'start': 6416.151, 'duration': 4.082}, {'end': 6424.576, 'text': 'We can change the color of these bars, we can give them shapes and we can do many other things to make it more presentable.', 'start': 6420.514, 'duration': 4.062}, {'end': 6425.517, 'text': 'We will first select the bars.', 'start': 6424.716, 'duration': 0.801}, {'end': 6427.458, 'text': 'Like what we will do is, we will select task 1.', 'start': 6425.757, 'duration': 1.701}, {'end': 6428.699, 'text': "Let's say we give it the color blue.", 'start': 6427.458, 'duration': 1.241}, {'end': 6430.982, 'text': 'Then task 2, we will give it color green.', 'start': 6429.12, 'duration': 1.862}, {'end': 6433.044, 'text': 'And task 3, we will give it the color black.', 'start': 6431.262, 'duration': 1.782}, {'end': 6435.627, 'text': 'So here, the subsections will give different colors to the subsections as well.', 'start': 6433.184, 'duration': 2.443}, {'end': 6436.828, 'text': 'Then we come to task 2.1.', 'start': 6435.827, 'duration': 1.001}, {'end': 6438.95, 'text': 'This is how we can change the color of the designs.', 'start': 6436.828, 'duration': 2.122}, {'end': 6442.154, 'text': 'Or apart from changing colors, we can select a bar graph and do a gradient fill.', 'start': 6439.251, 'duration': 2.903}], 'summary': 'Enhance gantt chart with colored bars and shapes for better representation.', 'duration': 26.003, 'max_score': 6416.151, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/pc9nvBsXsuM/pics/pc9nvBsXsuM6416151.jpg'}, {'end': 6453.962, 'src': 'embed', 'start': 6444.556, 'weight': 15, 'content': [{'end': 6447.459, 'text': 'After changing the colors or changing the shapes, we have our final Gantt chart on the screen.', 'start': 6444.556, 'duration': 2.903}, {'end': 6450.201, 'text': "Finally, Let's have a look at some Microsoft Excel templates for project management.", 'start': 6447.66, 'duration': 2.541}, {'end': 6453.962, 'text': 'Microsoft Excel templates help in collecting data, putting them into order and checking dependencies with each other.', 'start': 6450.401, 'duration': 3.561}], 'summary': 'Final gantt chart created with color and shape changes. microsoft excel templates aid in collecting and organizing project data.', 'duration': 9.406, 'max_score': 6444.556, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/pc9nvBsXsuM/pics/pc9nvBsXsuM6444556.jpg'}, {'end': 6590.315, 'src': 'embed', 'start': 6561.952, 'weight': 10, 'content': [{'end': 6565.255, 'text': 'This template helps us having a list of project deliverables and the risks associated with that project.', 'start': 6561.952, 'duration': 3.303}, {'end': 6568.298, 'text': 'This template helps the project managers about different crucial activities involved in a project.', 'start': 6565.275, 'duration': 3.023}, {'end': 6569.84, 'text': 'After this, we have Excel Milestone Packer.', 'start': 6568.358, 'duration': 1.482}, {'end': 6572.522, 'text': 'The Milestone Packer helps us in tracking or monitoring different tasks in a project.', 'start': 6569.88, 'duration': 2.642}, {'end': 6575.525, 'text': 'Project managers use this template to monitor the project performance with respect to their timelines.', 'start': 6572.622, 'duration': 2.903}, {'end': 6577.127, 'text': 'The last template we will see is Excel Project Planner.', 'start': 6575.565, 'duration': 1.562}, {'end': 6580.75, 'text': 'Excel Project Planner includes a list of tasks with the respective owners along with the start date and end date of the task.', 'start': 6577.147, 'duration': 3.603}, {'end': 6583.693, 'text': 'This helps in monitoring each task and comparing the estimated task dates with the actual ones.', 'start': 6580.85, 'duration': 2.843}, {'end': 6585.093, 'text': "Let's have a look at the template in Excel.", 'start': 6584.053, 'duration': 1.04}, {'end': 6587.714, 'text': 'We can see the Gantt chart with respect to the data entered.', 'start': 6585.353, 'duration': 2.361}, {'end': 6590.315, 'text': "Let's make changes at several places in the data.", 'start': 6587.934, 'duration': 2.381}], 'summary': 'Templates in excel help monitor project deliverables, tasks, and timelines.', 'duration': 28.363, 'max_score': 6561.952, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/pc9nvBsXsuM/pics/pc9nvBsXsuM6561952.jpg'}, {'end': 6702.276, 'src': 'embed', 'start': 6672.986, 'weight': 8, 'content': [{'end': 6675.527, 'text': 'It is important to identify a list of activities that would be a part of the project.', 'start': 6672.986, 'duration': 2.541}, {'end': 6680.368, 'text': 'Next, an estimation of time and resources required for completing the identified activities are done.', 'start': 6675.947, 'duration': 4.421}, {'end': 6683.449, 'text': 'Finally, these activities need to be sequenced as per the dependencies.', 'start': 6680.808, 'duration': 2.641}, {'end': 6685.429, 'text': 'In the next screen, let us discuss project schedule.', 'start': 6683.809, 'duration': 1.62}, {'end': 6690.351, 'text': 'Project schedule represents the time dimension of the project plan and has information like when the project would start,', 'start': 6686.23, 'duration': 4.121}, {'end': 6695.473, 'text': 'when each of the project activities would happen, In what order project activities would happen, when project would be completed, etc.', 'start': 6690.351, 'duration': 5.122}, {'end': 6698.494, 'text': 'Usually, software system is used to develop the project schedule.', 'start': 6695.853, 'duration': 2.641}, {'end': 6702.276, 'text': 'The project team can enter the list of activities in the software as well as their dependencies,', 'start': 6698.854, 'duration': 3.422}], 'summary': 'Identify, estimate, and sequence project activities. use software for project scheduling.', 'duration': 29.29, 'max_score': 6672.986, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/pc9nvBsXsuM/pics/pc9nvBsXsuM6672986.jpg'}, {'end': 6737.768, 'src': 'embed', 'start': 6713.689, 'weight': 17, 'content': [{'end': 6719.854, 'text': 'Project management plan not only has information about the project schedule, but also other important project related plans like risk management plan,', 'start': 6713.689, 'duration': 6.165}, {'end': 6720.995, 'text': 'cost management plan, etc.', 'start': 6719.854, 'duration': 1.141}, {'end': 6723.297, 'text': 'Let us focus on Gantt chart in the next screen.', 'start': 6721.415, 'duration': 1.882}, {'end': 6726.58, 'text': 'Gantt chart is a type of bar chart that illustrates project schedule.', 'start': 6724.138, 'duration': 2.442}, {'end': 6730.463, 'text': 'It shows the dependencies between the project activities as well as their percent completion.', 'start': 6726.96, 'duration': 3.503}, {'end': 6732.645, 'text': 'A sample Gantt chart is shown on screen.', 'start': 6731.224, 'duration': 1.421}, {'end': 6735.007, 'text': 'Two summary elements of work breakdown structure are depicted.', 'start': 6733.245, 'duration': 1.762}, {'end': 6737.768, 'text': 'To complete those elements, there are a number of activities under them.', 'start': 6735.506, 'duration': 2.262}], 'summary': 'Project management plan includes project schedule, risk management plan, cost management plan. gantt chart illustrates project schedule, dependencies, and percent completion.', 'duration': 24.079, 'max_score': 6713.689, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/pc9nvBsXsuM/pics/pc9nvBsXsuM6713689.jpg'}, {'end': 6809.948, 'src': 'embed', 'start': 6760.071, 'weight': 11, 'content': [{'end': 6764.035, 'text': 'Network diagram is extensively used in the project time management knowledge area to plot the activity dependencies.', 'start': 6760.071, 'duration': 3.964}, {'end': 6767.719, 'text': 'This is a graphical representation of project activities in the form of a network.', 'start': 6764.416, 'duration': 3.303}, {'end': 6769.762, 'text': 'There are two ways to draw a network diagram.', 'start': 6768.08, 'duration': 1.682}, {'end': 6775.848, 'text': 'In precedence diagramming model or activity on node boxes represent activities and the arrows indicate dependency.', 'start': 6770.182, 'duration': 5.666}, {'end': 6778.852, 'text': 'This type of network can have all four types of relationships between activities.', 'start': 6776.369, 'duration': 2.483}, {'end': 6783.864, 'text': 'In Arrow Diagramming Model or Activity on Arrow the arrows represent activities.', 'start': 6779.542, 'duration': 4.322}, {'end': 6789.426, 'text': 'The relationships and sequences can be inferred from the direction of the arrows and linkages between the activities.', 'start': 6784.124, 'duration': 5.302}, {'end': 6793.348, 'text': 'In such types of network, only finish-to-start relationships can be shown.', 'start': 6790.126, 'duration': 3.222}, {'end': 6797.69, 'text': 'Such diagrams may need to make use of dummy activities to indicate some dependency between the activities.', 'start': 6794.308, 'duration': 3.382}, {'end': 6800.411, 'text': 'There may be questions in the PMP exam based on the network diagram.', 'start': 6797.95, 'duration': 2.461}, {'end': 6802.632, 'text': 'So create and work with the diagram.', 'start': 6800.991, 'duration': 1.641}, {'end': 6805.413, 'text': 'This way answering network diagram-based questions is easy and fun.', 'start': 6803.072, 'duration': 2.341}, {'end': 6807.674, 'text': 'In the next screen, let us look at a network diagram.', 'start': 6805.813, 'duration': 1.861}, {'end': 6809.948, 'text': 'A simple network diagram is shown on the screen.', 'start': 6808.467, 'duration': 1.481}], 'summary': 'Network diagrams are vital in project time management, with two main types: precedence diagramming model and arrow diagramming model, each depicting different activity dependencies and relationships.', 'duration': 49.877, 'max_score': 6760.071, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/pc9nvBsXsuM/pics/pc9nvBsXsuM6760071.jpg'}], 'start': 4982.287, 'title': 'Project planning and management', 'summary': 'Emphasizes the importance of project planning and management in optimizing cost and time, increasing employee satisfaction, and engaging with stakeholders to ensure successful project outcomes. it also discusses the significance of regular progress reporting, risk management, and the use of tools such as gantt charts, network diagrams, critical path method, critical chain method, pert charts, work breakdown structure, and project documentation. additionally, it explores project management in excel, the process of creating a project schedule, and the key activities of project time management.', 'chapters': [{'end': 5221.321, 'start': 4982.287, 'title': 'Importance of project planning', 'summary': 'Emphasizes the importance of project planning in optimizing cost and time, increasing employee satisfaction, and engaging with stakeholders to ensure successful project outcomes.', 'duration': 239.034, 'highlights': ['Proper planning helps in optimizing cost and time, leading to reduced project expenses and timelines. Proper planning leads to cost and time optimization, resulting in reduced project expenses and timelines.', 'Emphasizes the importance of employee satisfaction and its impact on organizational success and project outcomes. Emphasizes the importance of employee satisfaction and its impact on organizational success and project outcomes.', 'Stresses the significance of engaging with stakeholders, particularly employees and users, to ensure their satisfaction and contribution to the project. Stresses the significance of engaging with stakeholders, particularly employees and users, to ensure their satisfaction and contribution to the project.', 'Underlines the essentiality of implementing quality assurance and control processes to ensure compliance and successful project outcomes. Underlines the essentiality of implementing quality assurance and control processes to ensure compliance and successful project outcomes.']}, {'end': 5525.145, 'start': 5222.021, 'title': 'The importance of planning and mitigating risks', 'summary': "Emphasizes the importance of planning and mitigating risks through proactive resolution, with examples such as power or internet failure, and the need to evaluate and address both negative and positive uncertainties regularly throughout a project's life cycle.", 'duration': 303.124, 'highlights': ['The chapter emphasizes the importance of planning and mitigating risks through proactive resolution. It stresses the need to have mitigation plans and proactive resolutions in place to handle uncertainties, such as power or internet failure, to reduce project risk.', 'Examples such as power or internet failure are used to illustrate the uncertainties and risks that need to be addressed. The speaker provides specific examples, such as power or internet failure, to highlight the uncertainties and risks that can impact a project, emphasizing the need to be ready to handle such occurrences.', "The need to evaluate and address both negative and positive uncertainties regularly throughout a project's life cycle is emphasized. The discussion highlights the importance of addressing both negative and positive uncertainties regularly, with examples like the potential positive risk of increased productivity during the COVID-19 pandemic, and the dynamic nature of risk evaluation throughout a project's life cycle."]}, {'end': 6047.697, 'start': 5526.403, 'title': 'Project planning and tools', 'summary': 'Emphasizes the importance of identifying and analyzing new risks throughout the project life cycle, and discusses the essential tools and techniques for project planning, including gantt charts, network diagrams, critical path method, critical chain method, pert charts, work breakdown structure, and project documentation. it also outlines the key steps involved in project planning and highlights the significance of regular progress reporting and risk management.', 'duration': 521.294, 'highlights': ['Identifying and analyzing new risks throughout the project life cycle is crucial for effective project management and should be done regularly. Regular analysis of new risks', 'The chapter discusses essential tools and techniques for project planning, including Gantt charts, network diagrams, critical path method, critical chain method, PERT charts, work breakdown structure, and project documentation. Tools and techniques for project planning', 'Regular progress reporting and risk management are highlighted as essential aspects of project planning and management. Emphasis on progress reporting and risk management', 'The project planning process involves key steps such as identifying and meeting stakeholders, defining scope, setting and prioritizing objectives, determining deliverables, creating project schedule analysis, and setting progress reporting guidelines. Key steps in project planning', 'The importance of project documentation and its role in capturing what is actually done, evidence of accomplishments, and as a reference for the project lifecycle is discussed. Significance of project documentation']}, {'end': 6230.631, 'start': 6048.217, 'title': 'Excel project management', 'summary': 'Explores project management in excel, highlighting its use as a common and easy tool, with features such as analytical tools, project management templates, and the process of making a gantt chart.', 'duration': 182.414, 'highlights': ['Microsoft Excel is an easy project management tool that allows the team members to easily see the tasks in a project, develop a plan and track its progress. Microsoft Excel is highlighted as an easy project management tool that facilitates task visibility, plan development and progress tracking.', 'Excel provides several analytical tools like concatenate, len, and counter, making data analysis easy and effective. The transcript mentions the availability of analytical tools in Excel such as concatenate, len, and counter, which ease data analysis.', 'The process of making a Gantt chart in Excel is explained, covering steps like creating a project table, making a bar chart, adding duration to the bar graph, adding descriptions, and giving designs to the Gantt chart. The detailed process of creating a Gantt chart in Excel is outlined, including steps like creating a project table, adding duration to the bar graph, and giving designs to the Gantt chart.']}, {'end': 6809.948, 'start': 6230.771, 'title': 'Project time management overview', 'summary': 'Outlines the process of creating a project schedule using microsoft excel, including tasks, start dates, and durations, and highlights the key activities of project time management, the importance of project schedule, gantt charts, and network diagrams. it also introduces microsoft excel templates for project management, which help in monitoring the progress and dependencies of tasks, and concludes with an overview of project time management objectives and the use of network diagrams in project management.', 'duration': 579.177, 'highlights': ['The process of creating a project schedule using Microsoft Excel, including tasks, start dates, and durations The transcript provides a detailed process of creating a project schedule in Microsoft Excel, specifying tasks, start dates, and durations for each task, demonstrating the practical implementation of project time management.', 'Importance of project schedule, Gantt charts, and network diagrams The importance of project schedule is emphasized, along with the use of Gantt charts to illustrate project schedules and network diagrams to plot activity dependencies, providing essential tools for project time management.', 'Introduction to Microsoft Excel templates for project management The introduction of Microsoft Excel templates for project management, including project review, budget, sprint project tracker, project tracker, project schedule, project status report, milestone tracker, and project planner, highlights the practical tools available for monitoring project progress and managing project schedules effectively.', 'Overview of project time management objectives and the use of network diagrams in project management The chapter concludes with an overview of project time management objectives, including defining project time management, project schedule, Gantt charts, and network diagrams, highlighting the key terms and processes involved in project time management.']}], 'duration': 1827.661, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/pc9nvBsXsuM/pics/pc9nvBsXsuM4982287.jpg', 'highlights': ['Proper planning leads to cost and time optimization, resulting in reduced project expenses and timelines.', 'Emphasizes the importance of employee satisfaction and its impact on organizational success and project outcomes.', 'Stresses the significance of engaging with stakeholders, particularly employees and users, to ensure their satisfaction and contribution to the project.', 'Underlines the essentiality of implementing quality assurance and control processes to ensure compliance and successful project outcomes.', 'The chapter emphasizes the importance of planning and mitigating risks through proactive resolution.', "The need to evaluate and address both negative and positive uncertainties regularly throughout a project's life cycle is emphasized.", 'Regular analysis of new risks throughout the project life cycle is crucial for effective project management and should be done regularly.', 'Tools and techniques for project planning', 'Emphasis on progress reporting and risk management', 'Key steps in project planning', 'Significance of project documentation', 'Microsoft Excel is highlighted as an easy project management tool that facilitates task visibility, plan development and progress tracking.', 'The transcript mentions the availability of analytical tools in Excel such as concatenate, len, and counter, which ease data analysis.', 'The detailed process of creating a Gantt chart in Excel is outlined, including steps like creating a project table, adding duration to the bar graph, and giving designs to the Gantt chart.', 'The transcript provides a detailed process of creating a project schedule in Microsoft Excel, specifying tasks, start dates, and durations for each task, demonstrating the practical implementation of project time management.', 'The importance of project schedule is emphasized, along with the use of Gantt charts to illustrate project schedules and network diagrams to plot activity dependencies, providing essential tools for project time management.', 'The introduction of Microsoft Excel templates for project management, including project review, budget, sprint project tracker, project tracker, project schedule, project status report, milestone tracker, and project planner, highlights the practical tools available for monitoring project progress and managing project schedules effectively.', 'The chapter concludes with an overview of project time management objectives, including defining project time management, project schedule, Gantt charts, and network diagrams, highlighting the key terms and processes involved in project time management.']}, {'end': 7627.328, 'segs': [{'end': 7392.27, 'src': 'embed', 'start': 7354.119, 'weight': 5, 'content': [{'end': 7357.761, 'text': "An example of enterprise environmental factor that can affect duration is organization's productivity metrics,", 'start': 7354.119, 'duration': 3.642}, {'end': 7359.382, 'text': 'which is collected based on the experiences from multiple projects.', 'start': 7357.761, 'duration': 1.621}, {'end': 7361.863, 'text': 'Last in this process is organizational process assets.', 'start': 7359.942, 'duration': 1.921}, {'end': 7364.925, 'text': 'Now, let us look at the tools and techniques used for estimating activity durations.', 'start': 7362.364, 'duration': 2.561}, {'end': 7366.066, 'text': 'First is the expert judgment.', 'start': 7365.185, 'duration': 0.881}, {'end': 7368.407, 'text': "We've been using previous project experiences in estimating the current project duration.", 'start': 7366.146, 'duration': 2.261}, {'end': 7374.01, 'text': 'This can be used with other estimation techniques and used to reconcile differences if different techniques result in different estimates.', 'start': 7368.807, 'duration': 5.203}, {'end': 7377.972, 'text': 'Three-point estimating is a method where three estimates are used instead of one.', 'start': 7374.71, 'duration': 3.262}, {'end': 7381.574, 'text': "It's part of a project management philosophy known as program evaluation and review technique.", 'start': 7378.332, 'duration': 3.242}, {'end': 7386.784, 'text': 'Activity durations is often done as team exercise as each activity may require multiple skill sets to be applied.', 'start': 7382.999, 'duration': 3.785}, {'end': 7391.129, 'text': 'Therefore, it is important to use group decision-making techniques to arrive at a consensus, or at least an estimate,', 'start': 7387.304, 'duration': 3.825}, {'end': 7392.27, 'text': 'that is acceptable to all the team members.', 'start': 7391.129, 'duration': 1.141}], 'summary': 'Enterprise productivity metrics impact project duration; expert judgment and three-point estimating are used for activity duration estimation.', 'duration': 38.151, 'max_score': 7354.119, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/pc9nvBsXsuM/pics/pc9nvBsXsuM7354119.jpg'}, {'end': 7545.555, 'src': 'embed', 'start': 7508.702, 'weight': 1, 'content': [{'end': 7511.104, 'text': 'Project management plan updates are a result of the developed schedule process.', 'start': 7508.702, 'duration': 2.402}, {'end': 7516.573, 'text': 'Many of the other subsidiary plans of the project plan may get impacted, which may include cost management plan, scope management plan,', 'start': 7511.664, 'duration': 4.909}, {'end': 7517.394, 'text': 'risk management plan, etc.', 'start': 7516.573, 'duration': 0.821}, {'end': 7519.739, 'text': 'This may also result in other project documents being updated.', 'start': 7517.635, 'duration': 2.104}, {'end': 7522.564, 'text': 'In the next few screens, let us discuss scheduled network analysis techniques.', 'start': 7520.139, 'duration': 2.425}, {'end': 7527.297, 'text': 'It is essential to know if the required resources are available at that time, along with the time estimate of the activities.', 'start': 7523.493, 'duration': 3.804}, {'end': 7529.679, 'text': 'Since the schedule is calendar-based, it helps to estimate the same.', 'start': 7527.717, 'duration': 1.962}, {'end': 7531.721, 'text': 'Schedule network analysis technique generates project schedule.', 'start': 7530.16, 'duration': 1.561}, {'end': 7533.183, 'text': 'There are various schedule network techniques.', 'start': 7532.102, 'duration': 1.081}, {'end': 7535.325, 'text': 'Critical path method relies on determining the critical path on project schedule.', 'start': 7533.503, 'duration': 1.822}, {'end': 7537.387, 'text': 'Critical chain method is a variant of the critical path method,', 'start': 7535.645, 'duration': 1.742}, {'end': 7540.97, 'text': 'wherein the critical chain is determined based on the logical resource and other kinds of dependencies between the activities.', 'start': 7537.387, 'duration': 3.583}, {'end': 7545.555, 'text': 'What is scenario analysis is about trying to vary a certain parameter to observe the impact on the schedule.', 'start': 7541.491, 'duration': 4.064}], 'summary': 'Project management plan updates impact subsidiary plans, schedule network analysis techniques include critical path and critical chain methods.', 'duration': 36.853, 'max_score': 7508.702, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/pc9nvBsXsuM/pics/pc9nvBsXsuM7508702.jpg'}, {'end': 7565.497, 'src': 'embed', 'start': 7555.787, 'weight': 0, 'content': [{'end': 7559.171, 'text': 'but you would also want to build insufficient buffers in case a certain resource is not available due to various reasons.', 'start': 7555.787, 'duration': 3.384}, {'end': 7562.254, 'text': 'In the next screen, let us look at the program evaluation and review technique.', 'start': 7559.751, 'duration': 2.503}, {'end': 7565.497, 'text': 'Program evaluation and review technique is based on three-point estimates for an activity.', 'start': 7562.794, 'duration': 2.703}], 'summary': 'Program evaluation technique uses three-point estimates for activities.', 'duration': 9.71, 'max_score': 7555.787, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/pc9nvBsXsuM/pics/pc9nvBsXsuM7555787.jpg'}, {'end': 7606.33, 'src': 'embed', 'start': 7579.004, 'weight': 4, 'content': [{'end': 7582.084, 'text': 'The formula for calculating standard deviation of an activity and the variance of an activity is also given.', 'start': 7579.004, 'duration': 3.08}, {'end': 7587.005, 'text': 'There is no question asked on variance, but the formula is important because if the standard deviation of the whole project is to be calculated,', 'start': 7582.484, 'duration': 4.521}, {'end': 7591.086, 'text': 'the process is to calculate the variance of the whole project and then take its square root to calculate the standard deviation of the project.', 'start': 7587.005, 'duration': 4.081}, {'end': 7595.047, 'text': 'Concept-based questions on PERT can be expected in the PMP exam, so make a note of the formula while you prepare for the exam.', 'start': 7591.106, 'duration': 3.941}, {'end': 7597.348, 'text': 'In the next screen, let us understand PERT with an example.', 'start': 7595.507, 'duration': 1.841}, {'end': 7601.649, 'text': 'Let us now figure out how we can apply the three-point estimation that PERT uses in order to draw some useful conclusions.', 'start': 7597.748, 'duration': 3.901}, {'end': 7606.33, 'text': 'Assume that the optimistic, pessimistic, and most likely estimates are 20, 70, and 30 respectively.', 'start': 7602.029, 'duration': 4.301}], 'summary': 'Formula for variance and standard deviation is crucial for pmp exam, with concept-based questions on pert.', 'duration': 27.326, 'max_score': 7579.004, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/pc9nvBsXsuM/pics/pc9nvBsXsuM7579004.jpg'}], 'start': 6810.348, 'title': 'Project time and schedule management', 'summary': 'Discusses project time management processes, including activities, lead and lag, planning techniques, and project scheduling. it also covers project schedule management processes such as determining schedule management plan, defining activities, sequencing activities, estimating activity resources and durations, and developing the project schedule.', 'chapters': [{'end': 6980.442, 'start': 6810.348, 'title': 'Project time management processes', 'summary': 'Discusses the project time management processes, including activities, lead and lag, planning techniques, and project scheduling. it covers terms such as hammock activities, lead, lag, rolling wave planning, analogous estimating, and parametric estimating. it also explains effort vs duration, project time management processes, and plan schedule management.', 'duration': 170.094, 'highlights': ['The chapter discusses the project time management processes, including activities, lead and lag, planning techniques, and project scheduling. It covers terms such as hammock activities, lead, lag, rolling wave planning, analogous estimating, and parametric estimating. The chapter provides an overview of project time management processes, including lead, lag, rolling wave planning, analogous estimating, and parametric estimating.', 'It also explains effort vs duration, project time management processes, and plan schedule management. The chapter explains the difference between effort and duration, details project time management processes, and delves into plan schedule management.', 'When a successor activity can start before the predecessor activity can complete, it is considered lead. The concept of lead in project management is explained, where a successor activity can start before the predecessor activity completes.', 'Rolling wave planning is an iterative planning technique in which the work to be accomplished in the near term is planned in detail, while work in the future is planned at a higher level. The chapter explains rolling wave planning as an iterative technique for detailed planning in the near term and higher-level planning for the future.', 'Analogous estimating is based on the previous project data, employing expert judgment. Analogous estimating is detailed as a technique based on previous project data and expert judgment.', 'Parametric estimating uses a mathematical model to calculate projected time for an activity based on historical records from previous projects and other information. The chapter elaborates on parametric estimating, which calculates projected time for an activity using a mathematical model and historical records.', 'The project time management processes include plan schedule management, define activities, sequence activities, estimate activity resources, estimate activity durations, develop schedule, and control schedule. The project time management processes are detailed, including plan schedule management and the sequence of activities from defining to controlling.', 'Plan schedule management involves establishing policies, procedures, and documentation for planning, developing, managing, executing, and controlling the project schedule. The process of plan schedule management is explained as establishing policies, procedures, and documentation for managing the project schedule.', 'Inputs to plan schedule management include the project management plan, project charter, enterprise environmental factors, and organizational process assets. The inputs to plan schedule management are outlined, encompassing the project management plan, project charter, environmental factors, and organizational process assets.', 'Expert judgment is utilized as a tool and technique in the plan schedule management process. The use of expert judgment as a tool and technique in plan schedule management is highlighted.']}, {'end': 7627.328, 'start': 6981.063, 'title': 'Project schedule management', 'summary': 'Covers the processes of schedule management, including determining schedule management plan, defining activities, sequencing activities, estimating activity resources and durations, and developing the project schedule, emphasizing the inputs, tools, techniques, and outputs of each process.', 'duration': 646.265, 'highlights': ['Developed Schedule Process The process of analyzing activity sequences, durations, resource requirements, and schedule constraints to create the project schedule, emphasizing the iterative nature of the process and the use of scheduling software, with outputs including the project schedule and network diagrams.', 'Estimate Activity Durations The process of estimating the duration required for each activity, utilizing inputs such as schedule management plan and activity resource requirements, and employing techniques like three-point estimating and reserve analysis to generate activity duration estimates and update project documents.', 'Sequence Activities The process of identifying and documenting relationships among project activities, with inputs like activity list and activity attributes, and the use of techniques such as precedence diagramming method and leads and lags, resulting in the project schedule network diagram.', 'Define Activities The process of identifying specific actions to produce project deliverables, utilizing inputs like scope baseline and schedule management plan, and employing techniques such as decomposition and rolling wave planning to produce activity list, activity attributes, and milestone list.', 'Estimate Activity Resources The process of estimating resources required for activities, utilizing inputs like schedule management plan and resource calendar, and employing techniques such as expert judgment and alternative analysis to generate activity resource requirements and resource breakdown structure.']}], 'duration': 816.98, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/pc9nvBsXsuM/pics/pc9nvBsXsuM6810348.jpg', 'highlights': ['The project time management processes include plan schedule management, define activities, sequence activities, estimate activity resources, estimate activity durations, develop schedule, and control schedule.', 'Rolling wave planning is an iterative planning technique in which the work to be accomplished in the near term is planned in detail, while work in the future is planned at a higher level.', 'Analogous estimating is based on the previous project data, employing expert judgment.', 'Parametric estimating uses a mathematical model to calculate projected time for an activity based on historical records from previous projects and other information.', 'Plan schedule management involves establishing policies, procedures, and documentation for planning, developing, managing, executing, and controlling the project schedule.', 'Developed Schedule Process involves analyzing activity sequences, durations, resource requirements, and schedule constraints to create the project schedule, emphasizing the iterative nature of the process and the use of scheduling software.', 'Estimate Activity Durations is the process of estimating the duration required for each activity, utilizing inputs such as schedule management plan and activity resource requirements, and employing techniques like three-point estimating and reserve analysis.', 'Sequence Activities is the process of identifying and documenting relationships among project activities, with inputs like activity list and activity attributes, and the use of techniques such as precedence diagramming method and leads and lags.', 'Define Activities is the process of identifying specific actions to produce project deliverables, utilizing inputs like scope baseline and schedule management plan, and employing techniques such as decomposition and rolling wave planning.', 'Estimate Activity Resources is the process of estimating resources required for activities, utilizing inputs like schedule management plan and resource calendar, and employing techniques such as expert judgment and alternative analysis.']}, {'end': 9028.671, 'segs': [{'end': 8220.642, 'src': 'embed', 'start': 8190.498, 'weight': 11, 'content': [{'end': 8192.439, 'text': 'Various elements like personnel rates, rewards or recognition programs, etc.', 'start': 8190.498, 'duration': 1.941}, {'end': 8195.261, 'text': 'are covered in the human resource management plan, which is important in approximating the cost estimate.', 'start': 8192.499, 'duration': 2.762}, {'end': 8197.963, 'text': 'Human resource management plan will be discussed in detail in the human resource management knowledge area.', 'start': 8195.521, 'duration': 2.442}, {'end': 8201.306, 'text': 'Risk register is also an input because risk mitigation costs should be considered in cost planning.', 'start': 8198.423, 'duration': 2.883}, {'end': 8205.709, 'text': 'More information on risk and its effect in the project will be looked at in detail in risk management knowledge area.', 'start': 8201.606, 'duration': 4.103}, {'end': 8209.791, 'text': 'Another input, enterprise environmental factors, provides organizational context to the project.', 'start': 8206.269, 'duration': 3.522}, {'end': 8214.236, 'text': 'Organization process asset is listed as an input, as organizations might have a standard set of cost estimation policies or templates.', 'start': 8210.272, 'duration': 3.964}, {'end': 8215.657, 'text': 'Cost management plan is another important input.', 'start': 8214.617, 'duration': 1.04}, {'end': 8217.9, 'text': 'The cost management plan lays a framework for the cost management processes in the project.', 'start': 8215.897, 'duration': 2.003}, {'end': 8220.642, 'text': 'It provides guidelines such as units of measure, accuracy desired, methodologies and tools to be used, etc.', 'start': 8217.94, 'duration': 2.702}], 'summary': 'Human resource management plan, risk register, and cost management plan are key inputs for cost estimation in project management.', 'duration': 30.144, 'max_score': 8190.498, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/pc9nvBsXsuM/pics/pc9nvBsXsuM8190498.jpg'}, {'end': 8248.599, 'src': 'embed', 'start': 8223.023, 'weight': 0, 'content': [{'end': 8227.768, 'text': 'Expert judgment, reserve analysis, analogous estimating cost of quality, parametric estimating, project management software, bottom-up estimating,', 'start': 8223.023, 'duration': 4.745}, {'end': 8231.251, 'text': 'frequent estimating, vendor bid analysis and group decision making are the various tools and techniques used in this process.', 'start': 8227.768, 'duration': 3.483}, {'end': 8233.933, 'text': 'Most of the tools and techniques used here are similar to the ones used in the time management knowledge area.', 'start': 8231.491, 'duration': 2.442}, {'end': 8236.055, 'text': 'Vendor bid analysis is a technique used to estimate project costs.', 'start': 8234.534, 'duration': 1.521}, {'end': 8238.656, 'text': 'For example, a project requires material procured externally through suppliers.', 'start': 8236.275, 'duration': 2.381}, {'end': 8241.016, 'text': 'In order to get that, you invite bids from three or four suppliers and assess their quotations.', 'start': 8238.896, 'duration': 2.12}, {'end': 8243.697, 'text': 'Based on the quotations, you can get an idea of the cost that will be involved in getting material for the project.', 'start': 8241.175, 'duration': 2.522}, {'end': 8245.758, 'text': 'Group decision-making technique is another important technique for project cost estimation.', 'start': 8243.717, 'duration': 2.041}, {'end': 8248.599, 'text': 'Cost estimation is an exercise which can be carried out by a group or committee in order to gather well-rounded input.', 'start': 8246.018, 'duration': 2.581}], 'summary': 'Various tools and techniques used for project cost estimation, including vendor bid analysis and group decision making.', 'duration': 25.576, 'max_score': 8223.023, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/pc9nvBsXsuM/pics/pc9nvBsXsuM8223022.jpg'}, {'end': 8282.827, 'src': 'embed', 'start': 8252.52, 'weight': 2, 'content': [{'end': 8253.601, 'text': 'Estimates of each of the activities are write-down.', 'start': 8252.52, 'duration': 1.081}, {'end': 8256.522, 'text': 'Basically, estimate includes things like how the estimate was developed, what were the assumptions made in estimate, etc.', 'start': 8253.821, 'duration': 2.701}, {'end': 8262.633, 'text': 'Project document updates is also one of the outputs because the cost estimates may result in updates to other aspects of the project.', 'start': 8257.489, 'duration': 5.144}, {'end': 8265.535, 'text': 'For example, quality, risk, time, etc.', 'start': 8263.073, 'duration': 2.462}, {'end': 8268.777, 'text': "In the next screen, let's assess the third process under project cost management, determined budget.", 'start': 8266.296, 'duration': 2.481}, {'end': 8272.48, 'text': 'Once the estimate of each of the activities is arrived at, the next project cost management process is to determine budget.', 'start': 8268.897, 'duration': 3.583}, {'end': 8276.362, 'text': 'It is the process of aggregating the estimated cost of individual activities or work packages to establish an authorized cost baseline.', 'start': 8272.62, 'duration': 3.742}, {'end': 8277.824, 'text': 'This is where the control account concept comes into picture.', 'start': 8276.563, 'duration': 1.261}, {'end': 8280.726, 'text': 'The estimated costs of the activities are aggregated to arrive at the cost budget at the control account level.', 'start': 8278.144, 'duration': 2.582}, {'end': 8282.827, 'text': 'Once approved, this cost budget becomes the cost baseline of the project.', 'start': 8280.986, 'duration': 1.841}], 'summary': 'Estimate activities, update project documents, determine budget for cost baseline.', 'duration': 30.307, 'max_score': 8252.52, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/pc9nvBsXsuM/pics/pc9nvBsXsuM8252520.jpg'}, {'end': 8386.725, 'src': 'embed', 'start': 8377.882, 'weight': 3, 'content': [{'end': 8380.743, 'text': "In the next screen, we'll discuss the last process of project cost management, that is, control cost.", 'start': 8377.882, 'duration': 2.861}, {'end': 8384.744, 'text': 'Control costs is the process of monitoring the status of the project to update the project budget and managing changes to the cost baseline.', 'start': 8381.063, 'duration': 3.681}, {'end': 8386.725, 'text': 'Update the budget involves recording actual cost spent until date.', 'start': 8385.044, 'duration': 1.681}], 'summary': 'Control cost monitors project status and updates budget with actual costs.', 'duration': 8.843, 'max_score': 8377.882, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/pc9nvBsXsuM/pics/pc9nvBsXsuM8377882.jpg'}, {'end': 8540.125, 'src': 'embed', 'start': 8531.419, 'weight': 10, 'content': [{'end': 8535.101, 'text': 'AC plus ETC is used if you want to re-evaluate the project based on a forecast value for the estimated cost of the remainder of the project.', 'start': 8531.419, 'duration': 3.682}, {'end': 8538.183, 'text': 'The next parameter is estimated to complete, or ETC, which is the cost of the project from this point to the end.', 'start': 8535.121, 'duration': 3.062}, {'end': 8540.125, 'text': 'This is calculated by subtracting the actual cost from the estimated completion.', 'start': 8538.464, 'duration': 1.661}], 'summary': 'Ac plus etc is used to re-evaluate project based on forecasted estimated cost of remainder.', 'duration': 8.706, 'max_score': 8531.419, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/pc9nvBsXsuM/pics/pc9nvBsXsuM8531419.jpg'}, {'end': 8595.733, 'src': 'embed', 'start': 8566.353, 'weight': 4, 'content': [{'end': 8570.276, 'text': 'Before the start of the PMP exam, please make a note of the formulas of earned value technique.', 'start': 8566.353, 'duration': 3.923}, {'end': 8573.939, 'text': "In the next screen, let's look into a business scenario to understand this concept better.", 'start': 8570.837, 'duration': 3.102}, {'end': 8577.683, 'text': 'After reading the problem statement, click the solution button to look at a possible answer.', 'start': 8574.36, 'duration': 3.323}, {'end': 8579.93, 'text': "Let's take an example of a software development project.", 'start': 8578.41, 'duration': 1.52}, {'end': 8583.531, 'text': 'There are four phases and each phase takes a month to complete and is expected to cost $10, 000.', 'start': 8580.29, 'duration': 3.241}, {'end': 8585.651, 'text': 'Phases are going to be completed one after the other.', 'start': 8583.531, 'duration': 2.12}, {'end': 8587.952, 'text': 'The status of the project at the end of month three is summarized in the table.', 'start': 8585.671, 'duration': 2.281}, {'end': 8591.612, 'text': 'Requirements definition is complete and actual spending on this is $10, 000.', 'start': 8588.612, 'duration': 3}, {'end': 8595.733, 'text': 'Architecture and design is done and actual spending on this is $12, 000.', 'start': 8591.612, 'duration': 4.121}], 'summary': 'Pmp exam prep: a software project with 4 phases, $10,000 budget per phase, actual spending revealed.', 'duration': 29.38, 'max_score': 8566.353, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/pc9nvBsXsuM/pics/pc9nvBsXsuM8566353.jpg'}, {'end': 8619.936, 'src': 'embed', 'start': 8595.733, 'weight': 5, 'content': [{'end': 8601.834, 'text': 'Development and unit testing is only 50% done, though it was supposed to be completed by third month.', 'start': 8595.733, 'duration': 6.101}, {'end': 8603.654, 'text': 'It has cost $9, 000 until date.', 'start': 8602.114, 'duration': 1.54}, {'end': 8606.195, 'text': 'System testing and go live has not yet started.', 'start': 8604.175, 'duration': 2.02}, {'end': 8613.369, 'text': 'Note, S indicates start time, F indicates finish time, and P indicates that it is finished at the end of the month.', 'start': 8607.082, 'duration': 6.287}, {'end': 8619.936, 'text': 'Based on the above information, calculate the CV, SV, CPI, and SPI of the project.', 'start': 8613.97, 'duration': 5.966}], 'summary': 'Development and unit testing 50% done, costing $9,000. system testing not started.', 'duration': 24.203, 'max_score': 8595.733, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/pc9nvBsXsuM/pics/pc9nvBsXsuM8595733.jpg'}, {'end': 8665.478, 'src': 'embed', 'start': 8636.061, 'weight': 9, 'content': [{'end': 8639.063, 'text': 'The amount of money the company has to invest on a project and the day-to-day company operations.', 'start': 8636.061, 'duration': 3.002}, {'end': 8640.584, 'text': 'Funding limit reconciliation.', 'start': 8639.584, 'duration': 1}, {'end': 8643.927, 'text': 'The process of comparing the price to the future in a given period will give you funding for that period.', 'start': 8640.745, 'duration': 3.182}, {'end': 8646.789, 'text': 'Large assets purchased by the company lose value over time.', 'start': 8644.247, 'duration': 2.542}, {'end': 8648.71, 'text': 'This is called depreciation.', 'start': 8647.109, 'duration': 1.601}, {'end': 8650.651, 'text': 'There are two forms of depreciation.', 'start': 8649.29, 'duration': 1.361}, {'end': 8652.933, 'text': 'Straight line and accelerated.', 'start': 8651.051, 'duration': 1.882}, {'end': 8655.414, 'text': 'Same amount of depreciation is taken every year.', 'start': 8653.633, 'duration': 1.781}, {'end': 8660.796, 'text': 'For instance, a car with a price tag of $10, 000 and useful life of 10 years is depreciated $1, 000 per year.', 'start': 8655.574, 'duration': 5.222}, {'end': 8665.478, 'text': 'At the end of the 10th year, the value of the car is considered zero for all accounting purposes.', 'start': 8660.816, 'duration': 4.662}], 'summary': 'Company invests in projects, reconciles funding limits, and depreciates assets using straight line or accelerated method.', 'duration': 29.417, 'max_score': 8636.061, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/pc9nvBsXsuM/pics/pc9nvBsXsuM8636061.jpg'}, {'end': 8821.799, 'src': 'embed', 'start': 8790.802, 'weight': 8, 'content': [{'end': 8791.803, 'text': 'Rather, it would be a matter of choice.', 'start': 8790.802, 'duration': 1.001}, {'end': 8796.027, 'text': 'Similarly, it is important to understand the distinction between precision and accuracy.', 'start': 8792.043, 'duration': 3.984}, {'end': 8798.008, 'text': 'Precision is the granularity of measurement.', 'start': 8796.167, 'duration': 1.841}, {'end': 8804.489, 'text': 'That is, how fine-grained can you measure the outcome? Accuracy is how correct you are, that is, how close you are to the desired value.', 'start': 8798.429, 'duration': 6.06}, {'end': 8807.552, 'text': 'In the next screen, let us understand the concept of optimal level of quality.', 'start': 8804.71, 'duration': 2.842}, {'end': 8809.613, 'text': 'Quality comes at a cost.', 'start': 8808.312, 'duration': 1.301}, {'end': 8811.214, 'text': 'More effort in quality will give better results.', 'start': 8809.913, 'duration': 1.301}, {'end': 8815.597, 'text': 'However, you cannot keep investing on increasing quality, as there is no limit to how much a product can be improved.', 'start': 8811.434, 'duration': 4.163}, {'end': 8818.82, 'text': 'Investment in quality is determined by knowing the optimal level of quality.', 'start': 8815.878, 'duration': 2.942}, {'end': 8821.799, 'text': 'Optimal level of quality, as shown in the diagram,', 'start': 8819.557, 'duration': 2.242}], 'summary': 'Understanding the difference between precision and accuracy, and the concept of optimal quality level in investment.', 'duration': 30.997, 'max_score': 8790.802, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/pc9nvBsXsuM/pics/pc9nvBsXsuM8790802.jpg'}, {'end': 8862.641, 'src': 'embed', 'start': 8834.11, 'weight': 7, 'content': [{'end': 8837.153, 'text': 'Once all these are captured and implemented in the products, you load the parents to buy them.', 'start': 8834.11, 'duration': 3.043}, {'end': 8842.625, 'text': 'If the investment is increased to manufacture good quality toys, the cost will therefore increase and it will become prohibitive for parents to buy.', 'start': 8837.441, 'duration': 5.184}, {'end': 8846.388, 'text': 'Optimal level of quality is reached at points where you get maximum number of buyers for the toys manufactured.', 'start': 8842.985, 'duration': 3.403}, {'end': 8850.291, 'text': 'Now that we are clear on the concept of quality, in the next screen, let us discuss quality management.', 'start': 8846.628, 'duration': 3.663}, {'end': 8856.556, 'text': 'Quality management involves performing activities like creating standard policies and procedures and ensuring that those standard procedures are being followed properly in the project.', 'start': 8850.311, 'duration': 6.245}, {'end': 8862.641, 'text': 'It aims to ensure that the project meets all the initial requirements without any deviation and that the specified approach to quality is implemented on the project.', 'start': 8856.736, 'duration': 5.905}], 'summary': 'Increasing investment for higher quality may deter parents from buying; optimal quality attracts maximum buyers. quality management ensures adherence to standard procedures and project requirements.', 'duration': 28.531, 'max_score': 8834.11, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/pc9nvBsXsuM/pics/pc9nvBsXsuM8834110.jpg'}, {'end': 8901.54, 'src': 'embed', 'start': 8871.953, 'weight': 6, 'content': [{'end': 8874.316, 'text': 'Quality assurance is the next stage of implementing those quality plans.', 'start': 8871.953, 'duration': 2.363}, {'end': 8879.402, 'text': 'And quality control is the last stage, when periodic checks are done to see if project quality is improving.', 'start': 8874.636, 'duration': 4.766}, {'end': 8883.666, 'text': 'In the next screen, let us look into the differences between the three aspects of quality management.', 'start': 8880.023, 'duration': 3.643}, {'end': 8887.509, 'text': 'It is important to understand the different kinds of activities that come under quality planning, quality assurance, and quality control.', 'start': 8884.266, 'duration': 3.243}, {'end': 8889.19, 'text': 'Once the quality plan is done, the quality management plan is ready.', 'start': 8887.669, 'duration': 1.521}, {'end': 8892.973, 'text': 'This quality management plan has standards, templates, policies, and procedures to be followed in the project.', 'start': 8889.41, 'duration': 3.563}, {'end': 8895.255, 'text': 'It contains information on the level of quality being aimed and the plans which achieve that level.', 'start': 8893.093, 'duration': 2.162}, {'end': 8898.297, 'text': 'It is the aim of quality assurance activities to ensure that the activities planned under the quality planning phase gets executed for the project.', 'start': 8895.275, 'duration': 3.022}, {'end': 8901.54, 'text': 'It is the task of quality assurance to determine the projects that are planned with the organization, as well as project policies and procedures.', 'start': 8898.317, 'duration': 3.223}], 'summary': 'Quality planning, assurance, and control ensure project quality and compliance with standards.', 'duration': 29.587, 'max_score': 8871.953, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/pc9nvBsXsuM/pics/pc9nvBsXsuM8871953.jpg'}], 'start': 7627.328, 'title': 'Project management techniques and quality overview', 'summary': 'Delves into six sigma, achieving a confidence level of 3.4 times out of a million, critical path method, project time and cost management, including schedule compression techniques and cost estimation, control accounts, project cost management processes, tools, techniques, processes, expert judgment, group decision-making, cost estimation, budget determination, determining budget, control costs, earned value technique, and project quality management overview, defining quality, quality management, cost of quality, and its categories, and quality planning, assurance, and control.', 'chapters': [{'end': 7794.471, 'start': 7627.328, 'title': 'Six sigma and critical path method', 'summary': 'Discusses the concept of six sigma, achieving a confidence level of 3.4 times out of a million, and the critical path method, which determines the shortest time to complete a project, including the calculation of float and identifying the critical path.', 'duration': 167.143, 'highlights': ['The notion of six sigma is reaching a level of confidence that only 3.4 times out of a million would the actual value fall outside the stated range. Six Sigma aims for a confidence level where only 3.4 times out of a million would the actual value fall outside the stated range.', 'Critical path is defined as the longest duration path through a network diagram, which determines the shortest time to complete the project. The Critical Path Method defines the longest duration path through a network diagram, determining the shortest time to complete the project.', 'The slack of the activities on the critical path is zero, because there is no scope to delay activities on the critical path. Activities on the critical path have zero slack, meaning there is no room for delaying these activities.', 'The critical path actually represents the project duration. The critical path directly represents the project duration.', 'The flow of the activity is either the difference between the late start and early start, or the difference between the late finish and early finish. The flow of the activity is calculated as the difference between the late start and early start, or the late finish and early finish.']}, {'end': 8123.549, 'start': 7794.731, 'title': 'Project time and cost management', 'summary': 'Covers project time management, including schedule compression techniques and control schedule process, and project cost management, with a focus on cost estimation, control accounts, and project cost management processes.', 'duration': 328.818, 'highlights': ['The chapter covers project time management, including schedule compression techniques and control schedule process. It discusses schedule compression techniques such as fast track, crash, and redux scope, and the impact of these techniques on the project.', 'Project cost management is explained, focusing on cost estimation, control accounts, and project cost management processes. It explains the activities involved in project cost management, like estimating the cost of each project activity, managing cost variances, and the four processes of project cost management: Plan Cost Management, Estimate Cost, Determined Budget, and Control Cost.', 'Control accounts are defined at a level higher than work packages to manage costs in large projects. It explains that control accounts are created to manage costs at a higher level by clubbing related activities together, and these are managed as one unit to ensure effective cost management in large projects.']}, {'end': 8343.365, 'start': 8123.549, 'title': 'Project cost management', 'summary': 'Covers the tools, techniques, and processes involved in project cost management, including inputs, estimation, and budget determination, emphasizing the importance of expert judgment and group decision-making in cost estimation.', 'duration': 219.816, 'highlights': ['Expert judgment and group decision-making are crucial in cost estimation Expert judgment and group decision-making techniques are emphasized as crucial tools in estimating project costs, providing well-rounded input and gathering knowledgeable and experienced resources.', 'Cost management plan provides guidelines for cost management processes The cost management plan is highlighted as a crucial input, providing guidelines such as units of measure, accuracy desired, methodologies, and tools to be used, laying the overall framework for cost management on a project.', 'Inputs for cost estimation include scope baseline, project schedule, and risk register The inputs for cost estimation include the scope baseline detailing the project scope of work, project schedule with information on resource requirements, and the risk register providing an understanding of the overall level of risk on the project.']}, {'end': 8668.739, 'start': 8343.945, 'title': 'Project cost management', 'summary': 'Covers the processes of determining budget and control costs in project cost management, including methods for predicting total project cost, cost baseline, funding requirements, and earned value technique for tracking project progress, with an emphasis on formulas and business scenario-based questions.', 'duration': 324.794, 'highlights': ['The chapter covers the processes of determining budget and control costs in project cost management. This is a key point as it sets the context for the entire transcript.', 'Methods for predicting total project cost, cost baseline, and funding requirements are discussed. These methods are fundamental to understanding and managing project costs.', 'Earned value technique for tracking project progress is explained, including its parameters and formulas. This technique is crucial for objectively measuring project performance and comparing it against the project baseline.', 'Business scenario-based questions and formulas for earned value technique are emphasized. Preparing for these questions and understanding the formulas are highlighted as important for exam preparation.', 'Examples and calculations are provided for CV, SV, CPI, and SPI in a project scenario. These calculations provide practical application of the concepts discussed.']}, {'end': 9028.671, 'start': 8668.879, 'title': 'Project quality management overview', 'summary': 'Covers project cost management, including processes, cost estimation, budgeting, and control techniques, as well as project quality management, defining quality, quality management, cost of quality, and its categories, and project quality management processes, emphasizing quality planning, assurance, and control.', 'duration': 359.792, 'highlights': ['Project cost management overview The chapter covers the processes involved in estimating, budgeting, and controlling costs, with details on the project cost management plan, cost estimate, budgeting, control account technique, and earned value management.', 'Project quality management processes It includes defining quality, quality management, cost of quality, its categories, and project quality management processes, focusing on quality planning, assurance, and control, as well as the objectives, responsibilities, and concept of quality.', 'Cost of quality The cost of quality is discussed, which includes prevention costs, appraisal costs, internal failure costs, and external failure costs, useful for exam preparation.']}], 'duration': 1401.343, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/pc9nvBsXsuM/pics/pc9nvBsXsuM7627328.jpg', 'highlights': ['Six Sigma aims for a confidence level where only 3.4 times out of a million would the actual value fall outside the stated range.', 'Critical Path Method defines the longest duration path through a network diagram, determining the shortest time to complete the project.', 'Activities on the critical path have zero slack, meaning there is no room for delaying these activities.', 'The chapter covers project time management, including schedule compression techniques such as fast track, crash, and redux scope.', 'Project cost management explains the activities involved in cost estimation, managing cost variances, and the four processes of project cost management.', 'Control accounts are created to manage costs at a higher level by clubbing related activities together, ensuring effective cost management in large projects.', 'Expert judgment and group decision-making techniques are emphasized as crucial tools in estimating project costs.', 'The cost management plan provides guidelines such as units of measure, accuracy desired, methodologies, and tools to be used, laying the overall framework for cost management on a project.', 'Inputs for cost estimation include the scope baseline detailing the project scope of work, project schedule with information on resource requirements, and the risk register providing an understanding of the overall level of risk on the project.', 'The chapter covers the processes of determining budget and control costs in project cost management.', 'Earned value technique for tracking project progress is explained, including its parameters and formulas.', 'Preparing for business scenario-based questions and understanding the formulas for earned value technique are highlighted as important for exam preparation.', 'The chapter covers the processes involved in estimating, budgeting, and controlling costs, with details on the project cost management plan, cost estimate, budgeting, control account technique, and earned value management.', 'Project quality management processes include defining quality, quality management, cost of quality, its categories, and quality planning, assurance, and control.', 'The cost of quality is discussed, including prevention costs, appraisal costs, internal failure costs, and external failure costs, useful for exam preparation.']}, {'end': 10120.668, 'segs': [{'end': 9355.986, 'src': 'embed', 'start': 9326.101, 'weight': 2, 'content': [{'end': 9328.243, 'text': 'It also refers to the project management plan for understanding deviations from the plan.', 'start': 9326.101, 'duration': 2.142}, {'end': 9329.624, 'text': 'It also considers the approved change requests.', 'start': 9328.403, 'duration': 1.221}, {'end': 9333.427, 'text': 'Information from other project documents and organizational process assets.', 'start': 9330.024, 'duration': 3.403}, {'end': 9335.449, 'text': 'There are seven popular tools and techniques used in doing quality control activities.', 'start': 9333.587, 'duration': 1.862}, {'end': 9337.21, 'text': 'They are collectively known as seven basic tools of quality.', 'start': 9335.649, 'duration': 1.561}, {'end': 9340.133, 'text': 'Other relevant tools are statistical sampling, inspection or testing, and review of the approved changes.', 'start': 9337.35, 'duration': 2.783}, {'end': 9344.176, 'text': 'Quality control activities, result in quality control measurements, verify deliverables, validated changes, information about work being performed,', 'start': 9340.293, 'duration': 3.883}, {'end': 9347.539, 'text': 'recommended changes and updates to the organizational process, assets, project management plan and other project documents.', 'start': 9344.176, 'duration': 3.363}, {'end': 9350.161, 'text': 'In the next screen, let us look into a business scenario to understand this concept better.', 'start': 9348.22, 'duration': 1.941}, {'end': 9352.083, 'text': 'After reading the problem statement, click the solution button to look at a possible answer.', 'start': 9350.181, 'duration': 1.902}, {'end': 9355.986, 'text': 'Six Sigma is a highly disciplined process that focuses on developing and delivering near-perfect products and services consistently.', 'start': 9352.423, 'duration': 3.563}], 'summary': 'Quality control involves 7 basic tools of quality, statistical sampling, and six sigma for near-perfect products and services.', 'duration': 29.885, 'max_score': 9326.101, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/pc9nvBsXsuM/pics/pc9nvBsXsuM9326101.jpg'}, {'end': 9703.778, 'src': 'embed', 'start': 9677.036, 'weight': 0, 'content': [{'end': 9683.742, 'text': 'project management is the application of knowledge, skills and tools and techniques applied to project activities to meet the project requirements.', 'start': 9677.036, 'duration': 6.706}, {'end': 9689.387, 'text': 'Project management is achieved by proper application and integration of the 47 processes.', 'start': 9684.282, 'duration': 5.105}, {'end': 9695.732, 'text': 'Project application and integration means these processes should be executed in the right manner as well as in the right order.', 'start': 9689.827, 'duration': 5.905}, {'end': 9698.975, 'text': 'In the next screen, let us discuss how to manage a project.', 'start': 9696.252, 'duration': 2.723}, {'end': 9703.778, 'text': 'Program management is defined as the application of knowledge, skills,', 'start': 9700.216, 'duration': 3.562}], 'summary': 'Project management involves applying 47 processes in the right manner and order to meet project requirements.', 'duration': 26.742, 'max_score': 9677.036, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/pc9nvBsXsuM/pics/pc9nvBsXsuM9677036.jpg'}, {'end': 10127.091, 'src': 'embed', 'start': 10099.271, 'weight': 1, 'content': [{'end': 10106.075, 'text': 'A project manager has to take up specific activities for stakeholder management, identifying both internal and external stakeholders.', 'start': 10099.271, 'duration': 6.804}, {'end': 10109.718, 'text': 'Missing out any stakeholder can be disastrous for a project.', 'start': 10106.876, 'duration': 2.842}, {'end': 10117.443, 'text': 'A stakeholder who is identified to the end of the project may come up with his own requirement at that stage, and incorporating them can be risky.', 'start': 10110.278, 'duration': 7.165}, {'end': 10120.668, 'text': 'Determining stakeholder requirements.', 'start': 10118.447, 'duration': 2.221}, {'end': 10127.091, 'text': 'After identifying all the stakeholders, the project manager also needs to ensure that their requirements are clearly identified.', 'start': 10120.668, 'duration': 6.423}], 'summary': 'Project manager must identify all stakeholders and their requirements to avoid project risks.', 'duration': 27.82, 'max_score': 10099.271, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/pc9nvBsXsuM/pics/pc9nvBsXsuM10099271.jpg'}], 'start': 9028.871, 'title': 'Quality and project management', 'summary': 'Covers quality management processes including plan quality management, quality assurance, and quality control. it also discusses the importance of project quality management, emphasizing the use of six sigma to ensure minimal defects and stakeholder management in project, program, and portfolio management.', 'chapters': [{'end': 9419.439, 'start': 9028.871, 'title': 'Quality management processes', 'summary': 'Discusses the plan quality management process, which aims to identify relevant requirements and standards, and involves analyzing benefits versus costs, identifying cost of quality, using benchmarking and design of experiments for quality planning. it also covers the quality assurance process, which involves determining whether standards are being met and processes are being followed, and focuses on compliance, process analysis, and project document updates. lastly, it explains the quality control process, which focuses on the correctness of work, inspects project deliverables against planned checklists, and uses quality control measurements, statistical sampling, inspection or testing, and review of approved changes.', 'duration': 390.568, 'highlights': ['The Plan Quality Management process aims to identify relevant requirements and standards, and involves analyzing benefits versus costs, identifying cost of quality, and using benchmarking and design of experiments for quality planning. The process emphasizes analyzing benefits versus costs and identifying cost of quality to justify investment in quality, along with using benchmarking and design of experiments for quality planning.', 'The Quality Assurance process involves determining whether standards are being met and processes are being followed, focusing on compliance, process analysis, and updating project documents and organizational process assets for improvement suggestions and change requests. The process focuses on compliance, process analysis, and updating project documents and organizational process assets for improvement suggestions and change requests.', 'The Quality Control process focuses on the correctness of work, inspects project deliverables against planned checklists, and uses quality control measurements, statistical sampling, inspection or testing, and review of approved changes. The process emphasizes inspecting project deliverables, using quality control measurements, statistical sampling, and review of approved changes to ensure the correctness of work.']}, {'end': 9637.025, 'start': 9419.919, 'title': 'Project quality management and six sigma', 'summary': 'Discusses the importance of project quality management, including the use of six sigma to ensure minimal defects, with a focus on meeting project requirements and defining quality needs, resulting in the expectation of only three defective tires out of a million manufactured.', 'duration': 217.106, 'highlights': ['At Six Sigma level, there would be only three defects out of a million units manufactured. Emphasizes the effectiveness of Six Sigma in minimizing defects to three out of a million units manufactured.', 'Meaning, if the thickness of the 100,000 tires are plotted, 68,000 of them lie within one standard deviation above or below the mean. Highlights the concept of normal distribution, where 68,000 tires out of 100,000 fall within one standard deviation from the mean.', 'Quality control measures specific project results against standards. Explains the role of quality control in assessing project results against predefined standards.']}, {'end': 10120.668, 'start': 9637.025, 'title': 'Project, program, and portfolio management', 'summary': 'Discusses the definition and management of projects, programs, and portfolios, the triple constraints, and stakeholder management in project management, emphasizing the importance of managing stakeholders from the beginning of the project until the end to avoid any potential risks or project disasters.', 'duration': 483.643, 'highlights': ['Definition of Projects, Programs, and Portfolios Projects are temporary and unique, while operations are ongoing and repetitive; program management involves managing related projects to deliver strategic benefits, and portfolio management is centralized management of one or more portfolios to achieve strategic business objectives.', 'Triple Constraints and Project Management The triple constraints in project management are cost, time, and scope, with quality being a primary concern; project managers need to make trade-offs to keep these constraints in balance and manage other aspects of the project such as people, stakeholders, risks, communication, and procurements.', 'Stakeholder Management Project managers have the key responsibility of managing stakeholders throughout the project, involving them from the beginning until the end to avoid potential risks or project disasters; specific activities include identifying internal and external stakeholders and determining stakeholder requirements.']}], 'duration': 1091.797, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/pc9nvBsXsuM/pics/pc9nvBsXsuM9028871.jpg', 'highlights': ['The Plan Quality Management process aims to identify relevant requirements and standards, and involves analyzing benefits versus costs, identifying cost of quality, and using benchmarking and design of experiments for quality planning.', 'At Six Sigma level, there would be only three defects out of a million units manufactured.', 'Definition of Projects, Programs, and Portfolios Projects are temporary and unique, while operations are ongoing and repetitive; program management involves managing related projects to deliver strategic benefits, and portfolio management is centralized management of one or more portfolios to achieve strategic business objectives.']}, {'end': 11020.827, 'segs': [{'end': 10675.392, 'src': 'embed', 'start': 10640.879, 'weight': 0, 'content': [{'end': 10645.464, 'text': 'The product lifecycle, on the other hand, also encompasses the operational and maintenance phases.', 'start': 10640.879, 'duration': 4.585}, {'end': 10651.431, 'text': 'A typical product lifecycle starts with conception of the product and goes until its withdrawal from the market.', 'start': 10646.265, 'duration': 5.166}, {'end': 10656.156, 'text': 'The withdrawal might be because it becomes obsolete or there is no further need for the product in the market.', 'start': 10651.972, 'duration': 4.184}, {'end': 10658.258, 'text': 'A product has a long lifecycle.', 'start': 10656.917, 'duration': 1.341}, {'end': 10661.901, 'text': 'A product can require or spawn many projects over its life.', 'start': 10658.779, 'duration': 3.122}, {'end': 10667.446, 'text': 'For example, a project in product conception phase could be to determine customer needs,', 'start': 10662.562, 'duration': 4.884}, {'end': 10671.869, 'text': 'whereas a project during product maturity phase could be used to perform competitive analysis.', 'start': 10667.446, 'duration': 4.423}, {'end': 10675.392, 'text': 'Typically, a product lifecycle is longer than the project lifecycle.', 'start': 10672.41, 'duration': 2.982}], 'summary': 'Product lifecycle spans conception to withdrawal, involving multiple projects, with a longer duration than project lifecycles.', 'duration': 34.513, 'max_score': 10640.879, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/pc9nvBsXsuM/pics/pc9nvBsXsuM10640879.jpg'}, {'end': 10743.623, 'src': 'embed', 'start': 10716.282, 'weight': 3, 'content': [{'end': 10723.246, 'text': 'In sequential phases, the subsequent phase starts only after the previous phase has been completed, whereas in overlapping phases,', 'start': 10716.282, 'duration': 6.964}, {'end': 10726.007, 'text': 'two or more phases may run in parallel for some time.', 'start': 10723.246, 'duration': 2.761}, {'end': 10729.589, 'text': 'This could help fast tracking and compressing the amount of time required.', 'start': 10726.527, 'duration': 3.062}, {'end': 10734.291, 'text': 'The other way of classifying life cycles is how they go about the process of planning.', 'start': 10730.189, 'duration': 4.102}, {'end': 10736.432, 'text': 'In predictive life cycles.', 'start': 10734.991, 'duration': 1.441}, {'end': 10743.623, 'text': 'there is a large upfront planning phase where all the details of scope, cost time are planned before beginning the subsequent phases.', 'start': 10736.432, 'duration': 7.191}], 'summary': 'Sequential phases follow one after another, while overlapping phases allow for parallel running, aiding in fast tracking and compressing time. predictive life cycles involve large upfront planning before subsequent phases.', 'duration': 27.341, 'max_score': 10716.282, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/pc9nvBsXsuM/pics/pc9nvBsXsuM10716282.jpg'}, {'end': 10783.823, 'src': 'embed', 'start': 10757.891, 'weight': 4, 'content': [{'end': 10765.433, 'text': 'Another feature of predictive life cycles is that each phase may potentially be different in the nature of activities and may require people with different skill sets.', 'start': 10757.891, 'duration': 7.542}, {'end': 10773.436, 'text': 'For example, traditional software development life cycle has phases like requirements feasibility, planning, design, construction,', 'start': 10765.873, 'duration': 7.563}, {'end': 10774.716, 'text': 'testing and transition.', 'start': 10773.436, 'duration': 1.28}, {'end': 10777.877, 'text': 'We will continue project life cycles in the next screen.', 'start': 10775.556, 'duration': 2.321}, {'end': 10783.823, 'text': 'Incremental and iterative life cycles have a short upfront high level definition and planning phase.', 'start': 10778.74, 'duration': 5.083}], 'summary': 'Predictive life cycles have varying phases and skill requirements, e.g., traditional software development life cycle involves phases like requirements feasibility, planning, design, construction, testing, and transition.', 'duration': 25.932, 'max_score': 10757.891, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/pc9nvBsXsuM/pics/pc9nvBsXsuM10757891.jpg'}, {'end': 10852.633, 'src': 'embed', 'start': 10816.939, 'weight': 6, 'content': [{'end': 10819.201, 'text': 'Here is a quick recap of what was covered in this lesson.', 'start': 10816.939, 'duration': 2.262}, {'end': 10826.921, 'text': 'Project management is the application of knowledge, skills and tools and techniques applied to project activities to meet the project requirements.', 'start': 10820.08, 'duration': 6.841}, {'end': 10832.962, 'text': 'PMO provides the policies, methodologies and tools and templates for managing projects within the organization.', 'start': 10827.741, 'duration': 5.221}, {'end': 10839.044, 'text': 'Project manager has to integrate various project aspects like the people, stakeholders, risks,', 'start': 10833.683, 'duration': 5.361}, {'end': 10843.664, 'text': 'communication and procurements with the project constraints, time, scope, cost and quality.', 'start': 10839.044, 'duration': 4.62}, {'end': 10846.925, 'text': 'Identifying internal and external stakeholders,', 'start': 10844.505, 'duration': 2.42}, {'end': 10852.633, 'text': 'Determining their requirements and communicating with them regularly is an important role of a project manager.', 'start': 10847.25, 'duration': 5.383}], 'summary': 'Project management involves integrating various aspects to meet project requirements. pmo provides policies and tools for managing projects within the organization.', 'duration': 35.694, 'max_score': 10816.939, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/pc9nvBsXsuM/pics/pc9nvBsXsuM10816939.jpg'}, {'end': 10991.745, 'src': 'embed', 'start': 10947.021, 'weight': 8, 'content': [{'end': 10952.025, 'text': 'Project manager is responsible for ensuring proper communication to and from the project.', 'start': 10947.021, 'duration': 5.004}, {'end': 10958.049, 'text': 'In fact, a project manager spends almost 90% of his or her time on communication.', 'start': 10952.425, 'duration': 5.624}, {'end': 10963.314, 'text': 'You can now understand how important it is for a project manager to plan this activity well.', 'start': 10958.39, 'duration': 4.924}, {'end': 10966.756, 'text': 'In the next screen, let us discuss communication methods.', 'start': 10963.714, 'duration': 3.042}, {'end': 10969.298, 'text': 'Communication can be done in two ways.', 'start': 10967.657, 'duration': 1.641}, {'end': 10971.298, 'text': 'It can be done written or verbal.', 'start': 10969.718, 'duration': 1.58}, {'end': 10976.1, 'text': 'Both written as well as verbal communication can either be formal or informal.', 'start': 10971.738, 'duration': 4.362}, {'end': 10982.462, 'text': 'Formal means communicating by following some basic rules, whereas informal means taking a casual approach.', 'start': 10976.52, 'duration': 5.942}, {'end': 10986.103, 'text': 'These two combinations result in four different communication methods.', 'start': 10982.882, 'duration': 3.221}, {'end': 10991.745, 'text': 'They are formal written, formal verbal, informal written, and informal verbal.', 'start': 10986.503, 'duration': 5.242}], 'summary': 'Project manager spends 90% of time on communication, vital for planning and using various communication methods effectively.', 'duration': 44.724, 'max_score': 10947.021, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/pc9nvBsXsuM/pics/pc9nvBsXsuM10947021.jpg'}], 'start': 10120.668, 'title': 'Stakeholder management and project structures', 'summary': 'Emphasizes stakeholder analysis, communication, and understanding organization structures, including functional and projectized. it also discusses agile methodologies, project communications management, and project lifecycle comparisons.', 'chapters': [{'end': 10233.522, 'start': 10120.668, 'title': 'Stakeholder management and organization structures', 'summary': 'Emphasizes the importance of stakeholder analysis, communication, and understanding different organization structures, with a focus on stakeholder management best practices and details about functional and projectized organization structures.', 'duration': 112.854, 'highlights': ["Understanding stakeholder expectations and conducting stakeholder requirement analysis are crucial for project managers to identify and communicate stakeholders' needs and keep them involved in the project.", 'Stakeholders may have unstated expectations that need to be clarified to determine if they can become project requirements, placing the responsibility on the project manager to ascertain and communicate these expectations.', 'Explaining the different organization structures, such as functional and projectized organizations, and their impact on project management, with details on how projects are undertaken and resources are managed in each structure.']}, {'end': 10794.57, 'start': 10234.022, 'title': 'Organizational structures & project lifecycle', 'summary': 'Explains different organizational structures including functional, projectized, and matrix organizations, highlighting the advantages and disadvantages of each, as well as the comparison between project lifecycle and product lifecycle.', 'duration': 560.548, 'highlights': ['The matrix organization is a blend of functional and projectized organizational structure, with three types: weak, strong, and balanced matrix organization. The matrix organization combines aspects of functional and projectized structures, with team members having two bosses and further classification into weak, strong, and balanced matrix organizations.', 'In a projectized organization, resources are aligned around projects, and project managers have complete control over the resources, making project execution easier. In a projectized organization, resources are dedicated to projects, facilitating loyalty and easier project execution under the complete control of project managers.', "Functional organizations group resources by functions or departments, with the project manager's role not explicitly defined, and project management happening at the functional head level. Functional organizations group resources by functions, with the project manager's role not explicitly defined and project management occurring at the functional head level.", 'The comparison between project lifecycle and product lifecycle, where a product lifecycle is longer than the project lifecycle, and understanding the differences is useful for exam questions. The comparison between project lifecycle and product lifecycle, emphasizing the longer duration of a product lifecycle and the importance of understanding the differences for exam preparation.']}, {'end': 11020.827, 'start': 10795.362, 'title': 'Agile methodologies and project communications management', 'summary': 'Discusses the popularity of agile methodologies in software development, the role of project management, and the importance of project communications management, with project managers spending almost 90% of their time on communication.', 'duration': 225.465, 'highlights': ['Agile methodologies are becoming very popular in the software development industry and in other industries where the requirements are highly changeable and frequent feedback is beneficial. Agile methodologies gaining popularity due to adaptable nature and frequent feedback benefits.', 'Project manager spends almost 90% of his or her time on communication, emphasizing the importance of proper planning for this activity. Project managers dedicating a significant amount of time to communication.', 'Communication methods include formal written, formal verbal, informal written, and informal verbal, with examples and scenarios provided for each method. Explanation of different communication methods and their applications.']}], 'duration': 900.159, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/pc9nvBsXsuM/pics/pc9nvBsXsuM10120668.jpg', 'highlights': ["Understanding stakeholder expectations and conducting stakeholder requirement analysis are crucial for project managers to identify and communicate stakeholders' needs and keep them involved in the project.", 'Stakeholders may have unstated expectations that need to be clarified to determine if they can become project requirements, placing the responsibility on the project manager to ascertain and communicate these expectations.', 'Explaining the different organization structures, such as functional and projectized organizations, and their impact on project management, with details on how projects are undertaken and resources are managed in each structure.', 'The matrix organization is a blend of functional and projectized organizational structure, with three types: weak, strong, and balanced matrix organization. The matrix organization combines aspects of functional and projectized structures, with team members having two bosses and further classification into weak, strong, and balanced matrix organizations.', 'In a projectized organization, resources are aligned around projects, and project managers have complete control over the resources, making project execution easier. In a projectized organization, resources are dedicated to projects, facilitating loyalty and easier project execution under the complete control of project managers.', "Functional organizations group resources by functions or departments, with the project manager's role not explicitly defined, and project management happening at the functional head level. Functional organizations group resources by functions, with the project manager's role not explicitly defined and project management occurring at the functional head level.", 'The comparison between project lifecycle and product lifecycle, where a product lifecycle is longer than the project lifecycle, and understanding the differences is useful for exam questions. The comparison between project lifecycle and product lifecycle, emphasizing the longer duration of a product lifecycle and the importance of understanding the differences for exam preparation.', 'Agile methodologies are becoming very popular in the software development industry and in other industries where the requirements are highly changeable and frequent feedback is beneficial. Agile methodologies gaining popularity due to adaptable nature and frequent feedback benefits.', 'Project manager spends almost 90% of his or her time on communication, emphasizing the importance of proper planning for this activity. Project managers dedicating a significant amount of time to communication.', 'Communication methods include formal written, formal verbal, informal written, and informal verbal, with examples and scenarios provided for each method. Explanation of different communication methods and their applications.']}], 'highlights': ['The six constraints in project management are scope, time, quality, cost, risk, and resources, each playing a crucial role in project success.', 'Understanding the five key areas of the project life cycle is fundamental to successful project management.', 'The success ratio of a project depends majorly on the project manager, with the demand for project managers rapidly increasing in the market, offering a salary of $75,474 per year, and $1,500,000 in INR.', 'The project management professional (PMP) certification is highly valued, resulting in certified professionals landing the highest paid jobs in the world, with a 20% higher salary than the average, and requiring 35 hours of formal training and 4,500 hours of project management experience.', '50% of project management processes are dedicated to planning Out of 49 project management processes, 24 are dedicated to planning, underscoring the significant role and emphasis on thorough planning.', 'Proper planning leads to cost and time optimization, resulting in reduced project expenses and timelines.', "Understanding stakeholder expectations and conducting stakeholder requirement analysis are crucial for project managers to identify and communicate stakeholders' needs and keep them involved in the project.", 'Project manager spends almost 90% of his or her time on communication, emphasizing the importance of proper planning for this activity.']}