BM 101: Introduction to Project Management

📚Project management involves the temporary and unique execution of activities to achieve well-defined objectives.

⏱️Projects have a defined start and end date, with a scope and resources that must be managed.

💰Projects often face constraints in terms of time, scope, cost, and quality, commonly known as the triple constraint triangle.

🔍Projects can arise from various factors, such as changes in technology, competitive forces, customer requests, and legal requirements.

⚠️While changing one constraint of a project may affect the others, additional constraints include resources and risks.

What is project management?

—Project management involves the temporary and unique execution of activities to achieve well-defined objectives within a specific timeframe, scope, and resources.

What are the constraints of a project?

—The main constraints of a project are time, scope, cost, and quality. Additional constraints include resources and risks.

Why are projects unique?

—Projects are unique because they involve the execution of specific activities to achieve well-defined objectives that have not been done before.

What factors can lead to the emergence of projects?

—Projects can arise from factors such as changes in technology, competitive forces, customer requests, and legal requirements.

How do project constraints impact each other?

—Project constraints are interrelated, so a change in one constraint, such as time or cost, may affect the others, including scope, quality, resources, and risks.

00:01Introduction to BM 101: Project Management session on YouTube.

02:23Importance of understanding project management basics and the PMP certification.

03:18Project management involves the temporary and unique execution of activities to achieve well-defined objectives.

06:35Projects can arise from changes in technology, competitive forces, customer requests, and legal requirements.

11:32Introduction to the triple constraint triangle: time, scope, cost, and quality.