PROJECT
Project Management Glossary
Project Management — Project
Information on Project
A project is any endeavour undertaken to develop a
product, produce a result, or provide a service. A project is normally bounded in terms of time, cost and
resources. Normally within an organisation there are the people who
conduct the normal operations of an organisation (the tellers in
bank, for example) and those who perform projects undertaken to
improve the organisation and its services (the project managers
who roll out the new ATM network, for example). While
the distinction between the two is occasionally blurred, operations tend
to be ongoing and repetitive, while a project is
a temporary endeavour undertaken to create a unique product or
service. Projects are conducted by project managers using a
selected project management technique.
In the context of a project, temporary means that the project is not ongoing
and that it has a well-defined beginning and end. Unique
means that it is identifiably different from other projects (by
some carefully chosen scope developed as part of scope management).
A
project therefore applies to a wide range of activities
undertaken by an organisation over and above its normal operational
activities.
A project may therefore only involve a few people
and a small number of resources or it can involve
thousands of people and billions of dollars, or it may
be anywhere in between.
Other topics in our resources on Project Management related to Project include:
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