What are External Dependencies in your Project?

The video tutorial discusses the concept of dependencies in project management, focusing on external dependencies. These are events outside a project that can impact its timeline and decisions. External dependencies may relate to organizational events like product launches or external factors such as competitor activities. Understanding these dependencies is crucial for effective planning, as failing to account for them can introduce risks and inefficiencies. The tutorial emphasizes documenting and scheduling these dependencies to ensure a robust project plan that can withstand unforeseen events.

Why is it important to understand external dependencies at the start of a project?

How can external dependencies impact the planning and execution of a project?