We are witnessing the transformation into a big data economy. Any business that doesn't seriously consider the implications of Big Data runs the risk of being left behind. This video will help you understand the basics of Big Data and the five Vs: Volume, Velocity, Variety, Veracity and Value.

The purpose of risk management is to maximize the events that cause project success and to minimize those that hamper it. Risk management includes risk management planning, risk identification, risk analysis, creating a risk response plan and monitoring and controlling risk on a project.

Project scope management includes processes required to ensure that project includes all the work and only the work required to complete the project successfully. Scope defines the work that has to be completed to deliver product / service with specified features and functions.

Quality is defined as the degree to which a set of inherent characteristics fulfill requirements stated and unstated by the customer. Quality management processes determine quality policies relevant to the project, establish quality objectives, define a person responsible for quality and addresses quality management of project as well as the product.

It is no wonder that telecom sector is amongst the largest and most rapidly growing sectors in the market these days. Accordingly, the projects involved in telecom sector are generally large scale projects with high budget scale. Managing such vast projects can be a heft job for project managers in the telecommunications field. This creates the need for an organized and advanced solutions that can systematize disparate people involved in the projects and also caters to their individual roles and responsibilities.

This topic provides insight on the concept of Grid Computing. Important aspects of grid are discussed. Certain interesting statistics of the grid would be particularly interesting for the students.

Includes the processes required to acquire goods and services, to attain project scope, from outside project organization. Major processes are Procurement planning – determine when and what to acquire.

Integration management includes the processes and activities needed to identify, define, combine, unify and coordinate various processes of project management and its process groups. Any change required to any other knowledge area has to be approved and integrated with other activities. It entails making choices about resource allocation, making trade-offs among competing objectives and alternatives and managing interdependencies among knowledge areas.

Time management includes processes required to ensure timely completion of project. This would include project schedule processes like activity definition, Activity sequencing, Activity duration estimation, Schedule development and Schedule control.