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With changing customer demands and higher competition, an organization has to cope up with all new challenges and value their business by maintaining their level of excellence in projects.
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In the previous video, we discuss graphical illustration of project drive change and graphical illustration showed that the state of a project will upgrade with an increase in business value. This video will describe business value creation in detail.
For the well-being of any organization, business value has a vital role in project management. It is considered as a return that fringes all the tangible and intangible elements like time, recognition, benefits, money, stockholders, etc.
To make this concept a bit clear, there is a project of building a train that will provide a speedily running train as a result that will have some business value in the form of profitability, time optimization, and good public relations.
For better economic value creation, all tasks will be done with good management practices and strategic planning.
_____________________/other pmp videos ________________________
Business Case Part 1
https://youtu.be/xacjhnJCDmg
Business Case Business need Part 2
https://youtu.be/K_gAVBYwheA
Business Case Analysis of the Situation
https://youtu.be/YDGjYr13omY
Business Case Recommendation and Evaluation
https://youtu.be/D6YAxQ2GJs4
PMP Tutorial Series
https://www.youtube.com/playlist?list=PL4soHGJSEvmjQmONuL2hio_1WGEXstLq5
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The post Business Value Creation | PMP tutorial part 04 appeared first on HumanitasConnects.
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