Hey guys, welcome to EduHubSpot PMP Mindset video series. In this video,
I am going to talk about project management plan. What is the importance of project
management plan on predictive projects, What is the importance of project management
plan on the agile projects? How they both are different in both the different methodologies?
But before we do that, I want you to make sure you have my mindset PMP mindset tool handy with you,
how you can get it. I will explain that to you at the later stage of the video. But before
I do that, first I want you to understand the concept in detail. So let us go right into it.
So when you are at the homepage of the mindset tool, click on project management plan.
Let us read it now. So what's on the traditional mindset. A formal approved
document known as the project management plan, outlines how the project will be carried out,
tracked and managed. Baselines, subsidiary management plan and other planning papers might
be included in the document, which can be either a summary or a comprehensive one. A change request
must be submitted by any stakeholders who wants to alter any aspect of the project management plan.
So basically you need a proper change control process to get the project management plan
approved. On the traditional side, project management plan is a full-fledged document. You
have, I would say, 18 or 19 sub components, which are part of it, like you have all the baselines,
you have all the sub-plans, like scope plan, requirements management plan, stakeholder
engagement, risk, procurement, communication, all those are part of your project management plan.
Okay, let's talk about on the agile side, a product roadmap specifies its goals,
priorities and development throughout time and serves as the common source
of information. The task level specifics to carry out the strategic plan outlined in the
roadmap are listed and prioritized in the product backlog. The product owner will assign a priority
to each change request in the product backlog. So basically on the agile side, you can still have
a project management plan. I am not saying that you don't have a project management plan on the
agile side, you can have it. But the way project management plan is very important. like it is one
of the most important document on the traditional side. The real importance on the agile projects,
it is not really about the project management plan, it is actually about the product roadmap.
Product is about what is the vision and mission of that product. You will have that clearly well
articulated, explained in the product roadmap. That would be defined over there. And you create
a product backlog, which is, I could say a subset of your product roadmap. On the traditional side,
you can compare product backlog to your requirements document.
So the way you have requirements in the requirements document,
you have user stories which are mentioned in the product backlog. So, this is how you can compare.
On the predictive side, I would say the project manager is the in charge of the
project management plan and on the agile side, I would say the product owner is in charge of the
product roadmap. So that's really the difference. Okay, let's do one question. Thomas is a project
manager who is holding a formal approved document that defines how the project will be executed,
monitored, and controlled. Thomas is holding the project management plan. Basically, this is
a definition of the project management plan, so B should be your correct answer choice. This was an
easy question. Again, my EduHubSpot website has more than thousand plus questions. This is just
an easy one, which I added. I know we have been adding very scenario based questions, so I wanted
one easy question also out here. You can click here to see the explanation; this was basically
the definition of project management plan. You can also see the video by clicking on this video.
There's another question, if you want to practice, you can definitely practice
the second question as well. And how you can do that is, just go to the homepage, first of all.
How to get this tool for free of cost. Just go on my website, www.eduhubspot.com. When you
go on my website, you will see two options over there, either bottom right hand side,
you will see an option of chat, like click on that chat option, talk to one of my team member,
or you request a demo, book a demo and you will directly, based on the timeline,
you can connect directly with one of my team member and they're going to set up a 30-minute
zoom call with you. Now, what is the purpose of this zoom call? They are going to explain you how
to use this tool. They are going to understand your background, what you are doing, how you are
doing in your studies, and they will give you some pointers. After the end of that zoom call,
they are going to email this mindset tool for you free of cost. If you are my student or if
you are not my student, you will irrespective of that, you will get this tool free of cost.
Only thing I ask from you is go on my website and talk to them. Give us those 30 minutes,
because ultimately I want to make sure that I am impacting your life, not just by
helping you pass the PMP exam, but you know touching your hearts. That is my end goal.
And please don't forget to like and subscribe to my YouTube channel because I am going to explain
this entire 15 concepts, everything. Like before the real PMP, you have to watch these 15 sections,
wear your PMI hat in order to pass this exam successfully and don't forget to send
me an email when you pass this exam because these emails helped me a lot. It motivates
me a lot to make something as beautiful, like something like PMI mindset tool, which I did.
So I hope you liked the video on project management plan in the Mindset video
series. Next video, I am going to talk about communication and information management,
how it is managed on the predictive side, and how it is managed on the agile side.
On the other hand, you will see my most favorite video. If you want to watch it, please go and
click on that, and please don't forget to like and subscribe my channel. Thank you.