PRODUCT MANAGEMENT

 ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ Introducing the PMBOK® Guide—Seventh Edition https://www.youtube.com/watch?v=vzqDTSZOTic ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++   Project Management is the application of knowledge, skills, tools, and techniques into a Project Activity to meet Project requirements . Project Charter /or Business Case : Basics of Project Management : PMBOK : Guide is published by PMI and it is typically structured like this. What is a Project ? A project is a temporary endeavor undertaken to create a unique product , service or result . Uses of Projects : Some times projects are undertaken to drive change. example  : Agile transformation project. it took 18 months.  It can be for business value creation . It can be tangible or intangible . By  launching a product you can achieve customer satisfaction. Everything is measured in terms of value.    Importance of Project Management Project Mana

 +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++   +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ There are many project management terminologies and acronyms used in the field, and here are some of the most common ones: PM - Project Manager PMBOK - Project Management Body of Knowledge PMP - Project Management Professional WBS - Work Breakdown Structure Gantt chart - A chart that displays the project schedule CPM - Critical Path Method PERT - Program Evaluation and Review Technique RACI - Responsible, Accountable, Consulted, Informed SWOT - Strengths, Weaknesses, Opportunities, Threats ROI - Return on Investment KPI - Key Performance Indicator SLA - Service Level Agreement SOP - Standard Operating Procedure EVM - Earned Value Management OPM - Organizational Project Management RFI - Request for Information RFP - Request for Proposal RFQ - Request for Quotation BOM - Bill of Materials SOW - Statement of Work POC - Proof of Concept

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ https://www.youtube.com/watch?v=8-Msk4ff8ew https://www.youtube.com/watch?v=8-Msk4ff8ew   +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++  What is a Project ? A project is a temporary organization that is created for the purpose of delivering one or more business products according to an agreed business case . There a are quite a few business case to say how the project is temporary so there is light at the end of the tunnel really . It is important for us to understand what the project is here to do. And recognize that one the project is delivered what you need to do . The project then closes down. Business As Usual picks up and uses what the project has produced.  isn't it produced for creating one or more business products . Now Prince 2 Calls everything a product . Generally speaking there are two types of products . 1. Management Products : These are the products used to m