How Projects are Started
Lecture description
- Explains Why are projects started
- Explains What is a business case
Learn more from the full course
PMP Exam Prep Project Management Professional Certification
PMP Certification 2022 - Get 35 PDUs - Project Management Professional - New PMP Exam Training PMBOK 7 - Pmp Course
20:50:39 of on-demand video • Updated September 2022
Complete PMP Certification Training 2022: Everything you need to pass the New PMP Exam easily on your first try. Covers PMBOK 6, PMBOK 7, and Agile in detail.
Earn 35 PDU/Contact Hours Certificate
High Quality Videos and Realistic Practice Exams
Covers the PMBOK, Agile, and PMI's New Exam Content Outline in detail
Learn PMBOK 7 Performance Domains
Simple,Clear,and Concise explanations that help you get ready for the exam as fast as possible
Learn all the Agile Project Management topics for the new PMP exam
Covers both Predictive Project Management and Agile Project Management
Easily Learn PMP Math: Detailed PMP Math Explanations for every topic.
Learn all Project Management Knowledge areas
Learn all 49 PMBOK Project Management Processes
Learn all Formulas Easily : EVM,Critical Path,CPI,SPI,CV,SV,Float
Learn all the essentials of Project Management and how to manage projects like a pro
English [Auto]
In this video, we're going to learn about how projects are started. We will also learn about what is the business case. Projects are mostly started due to business needs. An organizational strategy and organization may want to develop a new software for itself, or it may want to launch a new product line, or it may want to upgrade its factory machinery. All of these reasons may be considered as the business case for starting a project. So let's understand what a business case is. A business case explains the reason why a project was chosen to be started in the first place and whether it was worth taking up. For example, an automobile parts company might want a new machine which allows them to produce products in lesser time and increases productivity. Or a smartphone company might want to develop a new smartphone product in order to explore new markets and increase profits. So from these examples, we can see how a business case helps in giving birth to the project.