Initiating Process Group | Stages of project management 1/5
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12 ماه پیش
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Learn how to kickstart your
Learn how to kickstart your projects like a true boss in 2024 with this step-by-step guide on initiating the process group. Whether you're a seasoned project manager or just starting out, these tips and strategies will set you up for success. Watch now to master the art of project initiation and take your project management skills to the next level!
Everything about process groups or PMP examination I am recording a series of five videos on initiating process group, planning process group, executing process group, monitoring controlling process group and then finally closing process group in these five videos I'm gonna explain everything about all the five process groups for the day-to-day project management if you're going for interviews you will cover everything from this from these videos If examination I'm gonna cover all the concepts that are going to be checked for the PMP examination was the series of five videos over the next five days and understand what are the five process groups in project management according to PMI from the pmbok and understand them in detail become a better project manager crack interviews passive payment examination let's get started off in today's video I'm going to start with initiating process group the first process group that is there to start the project okay we'll try to understand in detail about initiating process group let's get started off okay so initiating process group so what what are we initiating we are initiating a project over here right so this is a reason to initiate a project maybe you're trying to solve a problem maybe you are trying to solve a problem on the environment or you want to sort of technical problem or you want to solve a business problem or you want to solve some compliance regulations right so all of these comes from a business need or there is some need right so so we put a business case around it so you put a business case around this need and then you try to understand what exactly you're trying to solve over here so you will come with agreements so in case we're having some vendors to this you're uploading some different partners going to help you do this you will put some agreements in the initiating process groups so agreements and all common initiating process group right so Agreements are like legal documents project are excluded over that's an internal document to execute the entire project okay you're gonna check the industry standards what are the industry standards to kind of get this kind of projects are we meeting those benchmarks what is the best thing to tell you right then you look into market trends you so the business case gives you an input or all of these things you go understand what is in the market and then you kind of come with a little conclusion okay fine this is what is the problem I think so we have to go and solve that right so that's one thing then you also check the feasibilities the project feasible what is the uh you do some mathematical calculations also are there some benefits you would see the next present value or return on investments right so or what is the payback period of this project so you look into all of these things in the initiating process
Buy The Best Book to Pass PMP Exam
https://amzn.to/3FTO10Y
PMI Publishes My Story in PM Network Magazine on 1st May, 2019.
"The Boomerang"
https://www.pmi.org/learning/library/...
Subscribe to My Youtube Channel
arhamfaraazlead
PMP(R), PMBOK (R) are Registered trademark of Project Management Institute, USA.
Everything about process groups or PMP examination I am recording a series of five videos on initiating process group, planning process group, executing process group, monitoring controlling process group and then finally closing process group in these five videos I'm gonna explain everything about all the five process groups for the day-to-day project management if you're going for interviews you will cover everything from this from these videos If examination I'm gonna cover all the concepts that are going to be checked for the PMP examination was the series of five videos over the next five days and understand what are the five process groups in project management according to PMI from the pmbok and understand them in detail become a better project manager crack interviews passive payment examination let's get started off in today's video I'm going to start with initiating process group the first process group that is there to start the project okay we'll try to understand in detail about initiating process group let's get started off okay so initiating process group so what what are we initiating we are initiating a project over here right so this is a reason to initiate a project maybe you're trying to solve a problem maybe you are trying to solve a problem on the environment or you want to sort of technical problem or you want to solve a business problem or you want to solve some compliance regulations right so all of these comes from a business need or there is some need right so so we put a business case around it so you put a business case around this need and then you try to understand what exactly you're trying to solve over here so you will come with agreements so in case we're having some vendors to this you're uploading some different partners going to help you do this you will put some agreements in the initiating process groups so agreements and all common initiating process group right so Agreements are like legal documents project are excluded over that's an internal document to execute the entire project okay you're gonna check the industry standards what are the industry standards to kind of get this kind of projects are we meeting those benchmarks what is the best thing to tell you right then you look into market trends you so the business case gives you an input or all of these things you go understand what is in the market and then you kind of come with a little conclusion okay fine this is what is the problem I think so we have to go and solve that right so that's one thing then you also check the feasibilities the project feasible what is the uh you do some mathematical calculations also are there some benefits you would see the next present value or return on investments right so or what is the payback period of this project so you look into all of these things in the initiating process
Buy The Best Book to Pass PMP Exam
https://amzn.to/3FTO10Y
PMI Publishes My Story in PM Network Magazine on 1st May, 2019.
"The Boomerang"
https://www.pmi.org/learning/library/...
Subscribe to My Youtube Channel
arhamfaraazlead
PMP(R), PMBOK (R) are Registered trademark of Project Management Institute, USA.
12 ماه پیش
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