REFLECTION VIDEO MANANAGING RESOURCE

00:10:44
https://www.youtube.com/watch?v=jjV95Nzd87w

Resumen

TLDRThe reflection video discusses the importance of managing project resources effectively and the key factors essential for successful project management. The speaker, a student at Ravens University London, emphasizes strategic deployment over mere allocation of resources, highlighting the need for comprehensive approaches that consider labor, capital, and land costs, as well as environmental influences and stakeholder expectations. The video explores different scenarios—normal, optimistic, and pessimistic—for managing resources, and stresses the importance of empirical data and expert consultations in validating assumptions. A helpful faculty member, Professor Tor Williams, provided support throughout the speaker’s project management journey.

Para llevar

  • 💡 Effective resource management goes beyond mere allocation and involves strategic deployment.
  • 📊 Key factors include labor, capital, land costs, and market influences.
  • 🤝 Collaboration with mentors like Prof. Tor Williams can be invaluable.
  • 🧩 Managing project resources is a multi-disciplinary effort requiring a deep understanding of project dynamics.
  • 📈 Comprehensive planning involves assessing various scenarios: normal, optimistic, and pessimistic.
  • 🗂 Valid assumptions are based on empirical data and expert insight.
  • 🏢 Office space and facility considerations are driven by accessibility and amenities.
  • 🔍 Accurate financial projections are crucial for managing project resources.
  • 🛠 Effective management involves robust tools and strategies for proactive budget management.
  • 🔄 Iterative refinement and validation are necessary for developing effective resources management assessments.

Cronología

  • 00:00:00 - 00:05:00

    The speaker introduces a reflection video on managing project resources, emphasizing the strategic deployment of resources beyond just allocation. They discuss factors contributing to successful outcomes, drawn from introspection and analysis, referencing support from Tor Williams. Key elements include labor, capital, environmental influences, and stakeholder expectations. The speaker shares their journey at Ravens University, highlighting the role of reflective exploration in resource management.

  • 00:05:00 - 00:10:44

    The speaker elaborates on cost management, including labor, capital, and land expenses. They stress the importance of empirical data analysis and capital expenses' role in shaping project infrastructure. The discussion includes cost management strategies, scenario planning (normal, optimistic, and pessimistic), and highlights the help of staff in understanding resource management principles. The conclusion emphasizes the intricate relationship between theory and practice, aiming for effective resource management through learned insights.

Mapa mental

Mind Map

Preguntas frecuentes

  • What is the main focus of the reflection video?

    The main focus is on managing project resources and the key factors in project management.

  • Which university is mentioned in the video?

    Ravens University London.

  • Who supported the speaker in their project management journey?

    Professor Tor Williams.

  • What elements are crucial in managing project resources?

    Labor, capital, land costs, operational costs, market research, and strategic negotiation.

  • What are the three scenarios discussed for project resource management?

    Normal, optimistic, and pessimistic scenarios.

  • How were assumptions for labor and capital costs validated?

    Through empirical data analysis and expert consultations.

  • What is crucial for financial projections in project management?

    Accuracy, consistency, and realistic, actionable scenarios.

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Desplazamiento automático:
  • 00:00:07
    hello hello everyone welcome to my
  • 00:00:09
    reflection video Welcome to my
  • 00:00:10
    reflection video is that I I will tell
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    about what managing how the factors key
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    factors is to be apply into managing
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    project resources to the project
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    management and and my project journey is
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    how how how how Effectiveness and
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    resources management is just not
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    allocation but also about the Strate
  • 00:00:32
    strategic deployment but also I have
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    been insightful for the challenging
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    ultimate rewarding and as it get my
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    approaches onto managing the process
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    process here here I I I need to tell uh
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    how how my project journey goes what are
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    the struggles what are the learnings
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    what are the what are the strategies
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    what are the implementations what are
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    project and I need to share that my my
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    factors I am G RI I am studying in
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    Ravens University London here about I
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    will I will tell about what are the
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    factors to be applying in the managing
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    project resources into the project
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    management
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    here introduction is that the
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    presentation embarks reflection
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    reflection of the reflective exploration
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    of the acknowledgement is to be a
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    pivotal role in steering projects how
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    how it's towards the SU sucessful
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    outcomes I have the many references
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    through this it's to be allows to be
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    2022 it's through the introspection and
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    the analysis we aim to aim to une une
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    the underlying principles and the
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    practices that govern effective Resource
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    Management in the dynamic landscape of
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    the project execution
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    execution and understanding of the
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    managing project resources what are the
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    understanding from this project
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    resources will takes it's to be a
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    checklist it's to labor demands
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    understand the Project Dynamics and the
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    environmental influences and the
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    resources decision and must made the key
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    factors what are the what are the turn
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    life
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    and and the multi multiac discipline
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    that requires a deep understanding of
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    the Project Dynamics and the
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    stakeholders expectations and the
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    environmental
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    influences and the key factors in
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    managing project resources from this
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    from this my project my Tor Tor Williams
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    supported me very really well and he
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    gives many inputs to what are the key
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    factors you will go for what are the key
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    factors will be useful for you and what
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    are those things you will be makes it
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    will be good for you and my professor
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    Williams is very helpful to to this
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    project so key project key factors in to
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    be a managing project source of services
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    a foundation upon Him successful project
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    are a built a labor capital and land and
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    a operational cost are not isolated
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    elements but the interconnected the
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    components of a complex
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    ecosystem each factor influences the
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    other the necessitating the
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    comprehensive approach to to resources
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    management that accounts for their
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    interes and the
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    fluctuations the development of
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    Assessments of the elements the
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    development of the development of the
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    assessment elements to be including the
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    Excel spreadsheet and was the meticulous
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    meticulous process that involved
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    iterative iterative refinement and
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    validation each elements was carefully
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    crafted to capture the the resources
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    resources of the managing project andto
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    a constract ensuring that the resting
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    tool what are the tools to be Rec to
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    make the make the managing project
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    will be a it will be a resulting tool
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    would be robust adaptable and effective
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    effective in guiding decision making
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    labor cost what are the what are the
  • 00:04:02
    things to be makes to be allocating the
  • 00:04:04
    labor cost is to be represent more than
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    a financial
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    expenditures the they in collaborate to
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    the human dimensions of project
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    executions executions assumption
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    regarding labor quantity price day and
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    the day per month were informed by a
  • 00:04:21
    deep understanding of Labor Dynamics
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    market conditions and the project
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    requirements these assumptions were
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    validated through the empirical data
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    analysis under the expert consultations
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    on the capital expenses what are the cap
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    capital expenses played in a crucial
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    role crucial role CRI and the critical
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    compacts in shaping the infrastructures
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    and the capabilities of the project and
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    the D liberalization of the price price
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    and unit and cost went beyond the
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    financial considerations it will
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    involved an assessment of a long
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    long-term impact and the statistic value
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    of the Investments Investments through
  • 00:05:02
    the reference of hosobe in
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    2022 each of capital expenses each of
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    the capital expenses was evaluated
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    evaluated based on its potential to
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    engage the project performance and the
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    delivering the last value and the land
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    cost land costes are often taken
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    Overlook of the project within within a
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    complex way what are the what are the
  • 00:05:26
    labor cost what are the capital cost
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    what are the land costes to be how to
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    manage from the beginning to end go for
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    the conclusion means so need to measur
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    and the takes everything with in a
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    complex p uh what are the price per
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    month and the cost per month and we
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    grounded into Market resarch negotiation
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    strategies and the geographical
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    considerations the choice of office
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    space and the chran facilities for driv
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    by the accessibil and amenties and the
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    and the least STS the total monthly cost
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    the total monthly cost say
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    barometer barometer of project barometer
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    of
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    project health and financial viability
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    and the the the aggregation of lab
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    capital and land cost provides the
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    cooperation of we of we of the project
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    expend fures and to
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    allows Pro activities budget management
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    each monthly cost was uh for accuracy
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    and the consisteny and ensuring the
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    financial projections remained realistic
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    and
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    actionable scenarios scenarios in the
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    managing project resources what are the
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    scenarios in the managing project
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    resource uh takes as the Str stattic
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    tools stattic tools for the anticipating
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    and the and the mitigating mitigating
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    Project R and exploring exploration of
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    normal optimistic and the pessimistic
  • 00:06:53
    Senor house and it enables the project
  • 00:06:56
    teams to develop the contingency plans
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    and adapt their strategies to changing
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    their circum circumference
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    circumference by simulating the various
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    outcomes of the projects can better
  • 00:07:07
    understandings uh the range of
  • 00:07:09
    possibilities and make informed decision
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    by the informed decisions to be
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    accordingly managed within your complex
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    p and the normal scenario the normal
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    scenario is the references the basic
  • 00:07:24
    Baseline Baseline projections for the
  • 00:07:27
    project performance and assuming
  • 00:07:29
    moderate market conditions and the stady
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    project progress towards the objective
  • 00:07:34
    the Assumption for the normal scenario
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    were based on the historical Trends
  • 00:07:38
    industry benchmarks and the export
  • 00:07:40
    judgments and providing the realistic
  • 00:07:43
    and the but optimistic outlook for the
  • 00:07:45
    project
  • 00:07:46
    success and the optimistic scenario is
  • 00:07:49
    that picture it goes through the amb
  • 00:07:52
    ambitious and the growth and
  • 00:07:53
    expressional performance diving by the
  • 00:07:56
    favorable favorable Market Market
  • 00:07:58
    condition and the strategic executions
  • 00:08:01
    assumption for the optimistic scenario
  • 00:08:04
    what what intentionally optimistic and
  • 00:08:06
    reflecting reflecting a belief in the
  • 00:08:09
    project potential and a willingness to
  • 00:08:11
    embrace the calculated risk for the sake
  • 00:08:14
    sake greater rewards say greater greater
  • 00:08:17
    to the re the pessimistic scenario is to
  • 00:08:19
    be Comforts the
  • 00:08:21
    horse horse reliabilities of the project
  • 00:08:24
    execution a acknowledgement
  • 00:08:26
    possibilities uh setback setbacks delays
  • 00:08:29
    un unfollowed changes unfollowed
  • 00:08:31
    Assumption of pessimistic in Euros plus
  • 00:08:34
    relan of the pace of the observ and the
  • 00:08:37
    contingency plans and the risk
  • 00:08:39
    mitigation strategies were developed and
  • 00:08:42
    address the threats of the project
  • 00:08:44
    outcomes the justification of the base
  • 00:08:47
    level one is the justification of base
  • 00:08:49
    level assumption is lies in their
  • 00:08:51
    grounding their empirical data marketing
  • 00:08:54
    analysis expert insights base level
  • 00:08:57
    assumptions where neither overly
  • 00:08:59
    optimistic or never excessively
  • 00:09:01
    conservation but struck a new balance
  • 00:09:03
    between the realism and the Ambitions by
  • 00:09:06
    building upon a solid foundation of a
  • 00:09:08
    credible assumptions project team could
  • 00:09:11
    develop the robust strategics and make
  • 00:09:13
    information decision with their
  • 00:09:15
    confidence yeah conclusion finally there
  • 00:09:19
    is a managing project resources to be
  • 00:09:22
    allocate allocate what are the what are
  • 00:09:24
    the tools what are the costs to be to be
  • 00:09:27
    applied into the project management
  • 00:09:30
    our staff Williams is more more helpful
  • 00:09:33
    and he behaves as with a friendly nature
  • 00:09:36
    and he he clarify all of our doubts
  • 00:09:38
    within a easy way so it will be a more
  • 00:09:40
    easy one for us and uh and the shed
  • 00:09:43
    light of the intricate intricate
  • 00:09:46
    interplay between the theory and the
  • 00:09:48
    practice strategy and the execution
  • 00:09:50
    through the introspections and the
  • 00:09:52
    analysis we have gained a deeper
  • 00:09:54
    understanding and the principles of the
  • 00:09:56
    uh practices of the of the project and
  • 00:09:59
    governs within governs and governs and
  • 00:10:03
    effective Resource Management in the
  • 00:10:05
    project concepts by impressing the
  • 00:10:06
    lessons and and learnings applying them
  • 00:10:09
    future and Endeavors we can navigate the
  • 00:10:12
    complex of the project and and execution
  • 00:10:15
    within your confidence and the
  • 00:10:17
    competents thank you for giving me my
  • 00:10:19
    wonderful opportunity to to share my
  • 00:10:21
    experience to do this project uh I hope
  • 00:10:24
    I hope I I do well so uh thank you so
  • 00:10:27
    much uh so these are the factors key
  • 00:10:29
    factors to be affecting the managing
  • 00:10:32
    project resources into the project
  • 00:10:33
    management thank you so much
Etiquetas
  • Project Management
  • Resources Management
  • Ravens University
  • Strategic Deployment
  • Labor and Capital Costs
  • Scenario Planning