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Título: Standards and project management: What is a project


Descripción automática: In this video, the presenter continues with section 2 module 3, focusing on standards and project management, specifically clarifying the concept of a project. A project is defined as a temporary endeavor with the objective of creating a unique product or service. Examples are provided, such as building a bridge, setting up an online reservation system, or designing a customer information system for a supermarket.

The video explains the distinct attributes of a project: its temporary nature with clear start and end points, a unique purpose and scope, quality and cost constraints, inherent risks, and a primary stakeholder who benefits from its completion. The speaker underscores the need for managing various types of stakeholders, including sponsors, financiers, beneficiaries, end-users, and customers.

Resource requirements for projects are elaborated, including human resources, office space, equipment, essential services, and office supplies. The presenter also introduces the 'triple constraint' principle of time, cost, and quality, which project managers must balance. Citing the CHAOS Manifesto by the Standish Group, the challenging success rate of projects is highlighted, along with the high cost of failures in the US.

Finally, reasons for project failure are examined. These include lack of executive support, misalignment with business strategy, poor team composition, inadequate communication, lack of success metrics, absence of risk management, and poor change management. The video intends to equip viewers with the understanding that good project management skills are essential for balancing time, cost, and quality to increase the probability of project success. The next section promises to delve deeper into project management practices.

Autor/a: Vos Tanja Ernestina



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