WHAT IS A PROJECT ?

What is a project?

a "project" is a temporary and unique endeavor undertaken to achieve a specific set of goals and objectives. Projects in SPM typically involve the development of software products or systems. A project is a group of tasks that need to complete to reach a clear result. A project also defines as a set of inputs and outputs which are required to achieve a goal. Projects can vary from simple to difficult A project is “a temporary endeavor undertaken to create a unique product, service, or result.”

Operations, on the other hand, is work done in organizations to sustain the business. Projects are different from operations in that they end when their objectives have been reached or the project has been terminated.

Ex: A company develops a driverless car, A team of students creates a smartphone application and sells it online A program is a set of related projects managed in a coordinated way. The underlying motivation is that coordination allows one to achieve additional benefits. Complex projects for which program management is an overkill can be organized and broken down into subprojects. A subproject is thus the way in which one can organize the implementation of some specific objectives of a larger project Organizations often use projects to develop similar systems. The term portfolio management thus identifies a situation in which a set of independent projects are coordinated to achieve better results.

Project attributes

 A project has a unique purpose. Every project should have a well-defined objective.

 A project is temporary. A project has a definite beginning and end.

 A project is developed using progressive elaboration. Projects are often defined broadly when they begin, and as time passes, the specific details of the project become clearer.

 Therefore, projects should be developed in increments. A project team should develop initial plans and then update them with more detail based on new information

 A project requires resources, often from various areas. Resources include people, hardware, software, and other assets

 A project should have a primary customer or sponsor.

 A project involves uncertainty. Because every project is unique, it is sometimes difficult to define its objectives clearly, estimate how long it will take to complete, or determine how much it will cost

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