All language subtitles for KU PMGT 840 Session 3 (Part B)- Prioritizing

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These are the user uploaded subtitles that are being translated: 1 00:00:01,100 --> 00:00:05,880 Welcome to Part B of Session 3 in PMGT 840, Developing as a Project Leader. 2 00:00:06,220 --> 00:00:10,160 In this section, we are going to focus on prioritization, which is one of the 3 00:00:10,160 --> 00:00:12,420 most essential skills for any project leader. 4 00:00:12,900 --> 00:00:17,740 Knowing what to focus on, when to act, and how to allocate resources can make 5 00:00:17,740 --> 00:00:18,740 break a project. 6 00:00:19,080 --> 00:00:23,580 Let's dive into how effective prioritization supports decision -making 7 00:00:23,580 --> 00:00:24,580 drives project success. 8 00:00:32,369 --> 00:00:34,930 Prioritization is more than just a planning activity. 9 00:00:35,290 --> 00:00:39,970 It is a core leadership skill that helps project leaders stay focused on what 10 00:00:39,970 --> 00:00:40,970 truly matters. 11 00:00:41,190 --> 00:00:45,950 Strong leaders know how to adjust priorities throughout the project and 12 00:00:45,950 --> 00:00:48,270 right method that fits their team and goals. 13 00:00:48,530 --> 00:00:52,830 They understand the difference between strategic priorities and day -to -day 14 00:00:52,830 --> 00:00:57,630 tasks, and they stay aware of key constraints like time, cost, and scope. 15 00:00:58,350 --> 00:01:02,730 Being flexible and able to sift through data helps them make better decisions 16 00:01:02,730 --> 00:01:04,489 and keep the project on track. 17 00:01:07,150 --> 00:01:11,810 In many projects, there are simply too many stakeholders to treat them all the 18 00:01:11,810 --> 00:01:12,689 same way. 19 00:01:12,690 --> 00:01:17,430 That's why effective leaders prioritize the stakeholders based on their level of 20 00:01:17,430 --> 00:01:18,430 power and interest. 21 00:01:18,570 --> 00:01:23,230 A common tool for this is the power and interest grid, which helps identify who 22 00:01:23,230 --> 00:01:24,730 matters most to the project's success. 23 00:01:25,640 --> 00:01:30,100 Good leaders focus their time and energy on the stakeholders who can influence 24 00:01:30,100 --> 00:01:31,320 outcomes the most. 25 00:01:31,620 --> 00:01:36,620 And as the project evolves, they revisited these priorities and adjust 26 00:01:36,620 --> 00:01:38,540 engagement strategies as needed. 27 00:01:41,080 --> 00:01:46,140 Effective project leadership is not just about assigning tasks. It is also about 28 00:01:46,140 --> 00:01:49,820 assigning the right tasks to the right person at the right time. 29 00:01:50,250 --> 00:01:55,310 Strong leaders know how to prioritize tasks based on what matters most and the 30 00:01:55,310 --> 00:01:56,310 resources available. 31 00:01:56,630 --> 00:02:01,010 It is also important to check in after sharing information to see if anyone 32 00:02:01,010 --> 00:02:02,590 needs more clarity or support. 33 00:02:03,090 --> 00:02:07,070 And when you understand each team member's strengths, you can make task 34 00:02:07,070 --> 00:02:09,470 assignments that are both fair and realistic. 35 00:02:11,730 --> 00:02:16,450 To make smart decisions in complex projects, professional leaders often use 36 00:02:16,450 --> 00:02:18,450 structured prioritization methods. 37 00:02:19,230 --> 00:02:23,510 One method is multi -criteria weighted analysis, where you evaluate options 38 00:02:23,510 --> 00:02:25,430 based on specific weighted factors. 39 00:02:25,690 --> 00:02:30,650 Another is the Moscow method, which helps you categorize needs as must 40 00:02:30,810 --> 00:02:33,490 should -have, could -have, or won't -have. 41 00:02:34,010 --> 00:02:38,850 These tools help the whole team stay transparent, consistent, and aligned, 42 00:02:39,070 --> 00:02:41,970 especially when multiple stakeholders are involved. 43 00:02:44,940 --> 00:02:49,580 Great project leaders know how to balance big -picture goals and day -to 44 00:02:49,580 --> 00:02:55,240 demands. That means distinguishing between strategic priorities which 45 00:02:55,240 --> 00:03:00,800 long -term success and tactical priorities which deal with short -term 46 00:03:00,800 --> 00:03:01,800 challenges. 47 00:03:02,080 --> 00:03:07,460 Strategic focus helps guide decisions in the right direction while tactical 48 00:03:07,460 --> 00:03:11,580 flexibility lets you adjust when things don't go as planned. 49 00:03:12,490 --> 00:03:16,630 When you manage both well, you are not just leading. You are thinking like a 50 00:03:16,630 --> 00:03:19,610 strategist and acting like a result -driven manager. 51 00:03:21,810 --> 00:03:27,150 In complex and fast -paced projects like tech, construction, or research, 52 00:03:27,430 --> 00:03:31,490 leaders face a lot of information coming at them all at once. 53 00:03:31,910 --> 00:03:36,070 The key is to filter out the noise and focus on what really matters. 54 00:03:37,030 --> 00:03:42,680 That's why strong leaders rely on dashboards, progress reviews, and data 55 00:03:42,680 --> 00:03:43,940 guide them their priorities. 56 00:03:44,440 --> 00:03:48,800 They also know how to tell the differences between what is urgent and 57 00:03:48,800 --> 00:03:49,800 truly important. 58 00:03:50,440 --> 00:03:55,100 When you manage the flow of the information well, you are able to make 59 00:03:55,100 --> 00:03:57,040 decisions that have real impact. 60 00:03:59,860 --> 00:04:03,380 Here is an example of smart prioritization in action. 61 00:04:03,920 --> 00:04:08,680 Imagine Tom is leading a healthcare construction project, and he makes sure 62 00:04:08,680 --> 00:04:12,080 he stays focused on tasks that have the biggest impact. 63 00:04:12,440 --> 00:04:17,440 He carefully aligns resources with critical activities and avoids wasting 64 00:04:17,440 --> 00:04:19,980 and energy on those low -priority works. 65 00:04:20,320 --> 00:04:25,300 When it comes to stakeholders, he focuses on those with the most influence 66 00:04:25,300 --> 00:04:26,480 secures the key support. 67 00:04:27,260 --> 00:04:33,030 By separating strategic goals from daily tasks, Tom keeps the team aligned and 68 00:04:33,030 --> 00:04:38,310 motivated. The result, the project finishes on time with the high quality 69 00:04:38,310 --> 00:04:39,410 full client satisfaction. 70 00:04:41,810 --> 00:04:45,990 Now let's look at what happens when prioritization goes wrong. 71 00:04:46,670 --> 00:04:51,550 Imagine Jason is managing a similar project but doesn't take time to 72 00:04:51,550 --> 00:04:53,130 what's urgent or important. 73 00:04:53,530 --> 00:04:56,050 He tries to move everything forward at once. 74 00:04:56,720 --> 00:05:01,900 This results in critical resources being spent on low -impact tasks while key 75 00:05:01,900 --> 00:05:03,100 activities fall behind. 76 00:05:03,460 --> 00:05:08,280 He also misses key stakeholders, leading to the loss of funding and support. 77 00:05:08,900 --> 00:05:13,940 Because Jason doesn't separate strategic goals from daily tasks, his team 78 00:05:13,940 --> 00:05:18,660 becomes confused and misaligned. In the end, his project faces delays, 79 00:05:18,920 --> 00:05:22,120 dissatisfaction, and even the risk of being shut down. 80 00:05:24,590 --> 00:05:26,830 And that brings us to the end of Part B. 81 00:05:27,310 --> 00:05:31,450 If you have any questions or ideas you would like to share, feel free to reach 82 00:05:31,450 --> 00:05:36,250 out. When you are ready, jump into Part C, where we will explore coaching. 83 00:05:36,970 --> 00:05:41,250 Coaching is another key responsibility for project leaders who want to bring 84 00:05:41,250 --> 00:05:42,430 the best in their teams. 85 00:05:42,830 --> 00:05:46,630 Thank you very much again for watching this video, and I'll see you in the next 86 00:05:46,630 --> 00:05:47,630 section. 7815

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