Project Management Essentials: Scope, Time, and Cost

This lecture by the instructor covers essential aspects of project management, focusing on scope, time, and cost management. Topics include project and product management, scope management with work breakdown structure, time management with activity estimation, and cost management with orders of magnitude for development costs. The lecture also delves into resource allocation, schedule optimization, and how to turn projects into a business case. Additionally, it discusses project economics, including estimating project costs over time, margin obtained from selling the product, sales forecast, and project metrics calculation such as NPV, ROI, and IRR. The lecture concludes with insights on risk management and the importance of efficiently managing risks in projects.