Basics of Project Management ...in 4 minutes

The video outlines 8 essential steps for successful project management. It begins with defining the project, assessing its feasibility, and engaging stakeholders. Planning involves setting tasks, resources, and budget. Engaging the project team is crucial for motivation. Risk management is addressed by identifying and planning for risks. During implementation, control and monitoring are key. Finally, the project is closed in an orderly manner, with lessons learned and success celebrated.

What is the primary focus during the definition stage of a project?

• Calculating the project budget

• Setting goals and determining scope

• Managing project risks

• Engaging with stakeholders

Why is it important to check the alignment of your project with organizational goals?

• To verify the project makes commercial sense

• To identify potential risks

• To ensure the project is completed on time

• To align the project with the organization's strategy and values

What is a key aspect of engaging with stakeholders?

• Learning from their perspectives

• Avoiding communication

• Ignoring detractors

• Focusing only on supporters

What should be considered when planning the delivery of a project?

• The project's commercial value

• The sequence of tasks and resources needed

• The stakeholders' opinions

• The project's risk factors

What is essential during the project closure stage?

• Starting new projects

• Ignoring the project's success

• Documenting lessons learned and celebrating success

• Focusing on risk management