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In this video tutorial from BMG Lounge, the focus is on collective bargaining agreements within the procurement management knowledge area, relevant for PMP exam preparation. The presenter emphasizes that while this topic may not appear frequently on the exam, understanding it is beneficial. Two key concepts discussed are unions and union agreements. Viewers are encouraged to explore additional resources, including a link to a related article and a playlist of procurement management videos on the official PMC Lounge website. The video aims to provide essential insights into collective bargaining agreements to aid in exam success.