Project management is simple enough to understand. There is no need to make things unnecessarily complicated.

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Welcome to this week's episode where I make project management simple for you.

To make it applicable to the majority of the audience, I teach the Project Management Institute (PMI) project management framework.
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Textbooks and frameworks are always boring. To make project management more interesting for you, I have done a project to show you which steps you need to take and when.

You won't regret spending 50 minutes learning the basics of a wonderful practice called project management.

While I highly recommend that you watch the entire session without skipping it, for those of you who are just looking for snippets of information, you can find the index to the video below;

03:03 What is a project, program and portfolio and how do they differ from business operations?
04:08 Project Project life cycle Project management process
04:43 Project life cycle
06:52 Process groups
09:27 LIG, PMP certification or CAPM certification, which one suits you? [Hint: I'm biased!]
11:53 Process groups – Initiation
13:06 Process groups – Initiation – Project charter
16:50 Process groups – Initiation – Stakeholder identification
18:17 Process groups – Planning
20:30 Process groups – Planning – Gathering needs
22:45 Process groups – Planning – Defining the scope
24:41 Process groups – Planning – Scope Baseline
25:12 Process groups – Planning – Work Breakdown Structure (WBS)
32:22 Process groups – Planning – WBS dictionary and scope creep
34:39 Process groups – Planning – Time management / Developing a schedule
36:00 Process groups – Planning – Gantt chart
37:38 Process Groups – Planning – Fast-tracking a project and projects get stuck
38:52 Process groups – Planning – Cost management
39:42 Process groups – Planning – Budget development (for PMP or CAPM takers)
41:02 Process groups – Execute
42:04 Process groups – Execute – Gilding
43:16 Process groups – Monitoring and control
45:00 Process groups – Monitoring and control – Earned value
47:57 Process groups – Close process group

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What actually is a project? It certainly has a sexy tone, right? Project…

I just love the way it sounds. I wonder how cool it must sound in French.

Project…
Well, a project is a temporary attempt to create a unique solution.
Yes, those are operations. No
Well, the difference between a project and operations is quite simple. A project ends. So it is temporary. You implement your project, you close it, you create a unique product/service/or whatever outcome you want, and you're done.
While in operations it is continuous and repetitive.
You may have also heard of the terms program and portfolio. Let me explain them quickly here. Program consists of several projects together.

Combined. And Portfolio is similar. Multiple programs together.
So it is project, program, portfolio.
Before I go further and dive deep. You need to understand something crucial. To carry out any project, you need two methodologies.
The first is a project life cycle and the second is a project management process.
Most people confuse these 2. And if these are not clear, you can kiss PMP certification goodbye. It's absolutely amazing how many content creators on YouTube confuse the two. They are not interchangeable. You can't afford to confuse a project lifecycle with a project management process.
Don't worry, I'm going to make it very simple for you.
Let's start with the project lifecycle.
The Project Lifecycle is unique to a project, to an industry, to your needs.

It is highly customizable. Think of it this way; a human development is a project.
So your life cycle is;
1) get pregnant
2) Birth
3) Childhood
4) Teen hood. Teen hood. Is that a word? Teenager?
5) Maturity
6) And death
Easy stuff, right? So what if it was an IT project. I'm not an IT person, but I would like something like this;
High level design
Detailed design
Coding
To test
Installation
And turnover
This is the life cycle of a project.
The term cycle is a bit confusing here. I think. But who knows.

This video covers;
project management
project management Institute
pmp professional certification for project management
project life cycle
project management PMI
managing a project
basic principles of project management
basic principles of project management
project management for beginners
project management course

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