What is Project Management?

The video tutorial discusses the basics of projects and project management. It defines a project as a coordinated set of tasks aimed at creating a new product, process, or service within a constrained time and budget. The tutorial highlights the characteristics of projects, such as novelty, creativity, and the need for coordination. It also explains project management as a discipline involving skills, attitudes, processes, and tools to manage projects effectively, addressing their temporary nature, resource constraints, and risks.

What is a key characteristic of a project?

• Unlimited resources

• Defined new product or service

• No time constraints

• Routine tasks

Which of the following indicates that an activity is a project?

• It involves routine tasks

• It requires no coordination

• It has a fixed time and resource budget

• It is risk-free

What is often a misconception about project management?

• It is a random collection of people working with ample resources

• It involves a set of skills and processes

• It requires managing risks

• It is a well-coordinated effort

What does project management primarily address?

• The permanent nature of tasks

• The need for unlimited resources

• The temporary nature of projects

• The absence of deadlines

Which aspect is crucial for effective project management?

• Deploying additional tools and techniques

• Avoiding coordination among team members

• Using standard management techniques only

• Ignoring risks