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What Is A Project? - Definition and Key Characteristics

The document defines a project as a temporary, unique endeavor undertaken to create a unique product, service or result. It describes key characteristics of projects as having a finite timeline with a clear start and end, producing unique deliverables, and undergoing progressive elaboration. Projects are also purposeful, logical, structured, limited by resources and involve elements of conflict and risk. The document contrasts projects with programs, tasks, work packages and provides examples of projects like developing new products or renovating a kitchen.

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1K views6 pages

What Is A Project? - Definition and Key Characteristics

The document defines a project as a temporary, unique endeavor undertaken to create a unique product, service or result. It describes key characteristics of projects as having a finite timeline with a clear start and end, producing unique deliverables, and undergoing progressive elaboration. Projects are also purposeful, logical, structured, limited by resources and involve elements of conflict and risk. The document contrasts projects with programs, tasks, work packages and provides examples of projects like developing new products or renovating a kitchen.

Uploaded by

chandan kumar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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What is a Project?

– Definition and Key


Characteristics
MyMG Team
July 9, 2010

The definition and key characteristics of a project

Right understanding of the definition and key characteristics of project is of significant


importance. Any project is not just a way to make or do something but it’s an opportunity to
achieve some desired result by implementing a systematic management approach (for example,
producing a product or sharing knowledge).

An individual or organization involved in projects needs to understand how to solve complexity


of problems through project management. In this article we’ll define the term “project”, describe
the key characteristics of a project, and explain how to distinguish a project from an activity.

What is a Project? – The Definition


Project is a great opportunity for organizations and individuals to achieve their business and non-
business objectives more efficiently through implementing change. Projects help us make desired
changes in an organized manner and with reduced probability of failure.

Projects differ from other types of work (e.g. process, task, procedure). Meanwhile, in the
broadest sense a project is defined as a specific, finite activity that produces an observable
and measurable result under certain preset requirements.

It is an attempt to implement desired change to an environment in a controlled way. By using


projects we can plan and do our activities, for example: build a garage, run a marketing
campaign, develop a website, organize a party, go on vacation, graduate a university with
honors, or whatever else we may wish to do.

A Project is a temporary, unique and progressive attempt or endeavor made to produce some
kind of a tangible or intangible result (a unique product, service, benefit, competitive advantage,
etc.). It usually includes a series of interrelated tasks that are planned for execution over a fixed
period of time and within certain requirements and limitations such as cost, quality, performance,
others.

Key Characteristics
As follows from the given definition, any project can be characterized by these characteristics:

 Temporary. This key characteristic means that every project has a finite start and a finite
end. The start is the time when the project is initiated and its concept is developed. The
end is reached when all objectives of the project have been met (or unmet if it’s obvious
that the project cannot be completed – then it’s terminated).
 Unique Deliverable(s). Any project aims to produce some deliverable(s) which can be a
product, service, or some another result. Deliverables should address a problem or need
analyzed before project start.
 Progressive Elaboration. With the progress of a project, continuous investigation and
improvement become available, and all this allows producing more accurate and
comprehensive plans. This key characteristic means that the successive iterations of
planning processes result in developing more effective solutions to progress and develop
projects.

In addition to the listed characteristics, a conventional project is:

 Purposeful as it has a rational and measurable purchase


 Logical as it has a certain life-cycle
 Structured as it has interdependencies between its tasks and activities
 Conflict as it tries to solve a problem that creates some kind of conflict
 Limited by available resources
 Risk as it involves an element of risk

Some examples of a project are:


 Developing a new product or service
 Constructing a building or facility
 Renovating the kitchen
 Designing a new transportation vehicle
 Acquiring a new or modified data system
 Organizing a meeting
 Implementing a new business process

Work Breakdown
In organizations, a project is defined as a piece of work that is planned for implementation within
current business environment. This definition lets make a distinction between other pieces of
work, such as:

 Program – a broad, long-term objective that is often decomposed into a series of projects
and sub-projects
 Task – an identifiable and measurable activity that create a small unit of work for a
related project
 Work package – division of a project task
 Work unit – division of work packages

Projects along with programs, tasks, work packages and work units are the elements of work
breakdown structure or WBS. Often WBS is used to determine an activity-based hierarchy of
projects, with reference to their deliverables and objectives.

A program includes several or more larger projects. A larger project can be broken down into
smaller interrelated sub-projects. Each one can be divided into tasks which in term are
decomposed into interrelated activities or sub-tasks. A task includes a series of smaller goals
which are monitored against milestones.

Managing Projects
Project management is the art of planning, controlling and executing a project in a way that
ensures successful delivery of the desired outcome. It is widely used in organizations as a
complex of tools for delivering strategic goals and objectives.

The key advantages of using project management within a company’s business environment
can be described as:

 Accelerating improvement and strengthening of the company’s management through


implementing the ideas of participatory management. Projects help involve employees in
decision making
 Adopting systems engineering approach that helps deal with risks effectively
 Accomplishing specific changes that are linked to the company’s strategies
Project Management Life Cycle
The Project Management Life Cycle has four phases: Initiation, Planning, Execution and
Closure. Each project life cycle phase is described below, along with the tasks needed to
complete it. You can click the links provided, to view more detailed information on the project
management life cycle.

 Develop a Business Case


 Undertake a Feasibility Study
 Establish the Project Charter
 Appoint the Project Team
 Set up the Project Office
 Perform Phase Review

 Create a Project Plan


 Create a Resource Plan
 Create a Financial Plan
 Create a Quality Plan
 Create a Risk Plan
 Create an Acceptance Plan
 Create a Communications Plan
 Create a Procurement Plan
 Contract the Suppliers
 Define the Tender Process
 Issue a Statement of Work
 Issue a Request for Information
 Issue a Request for Proposal
 Create Supplier Contract
 Perform Phase Review

 Build Deliverables
 Monitor and Control
 Perform Time Management
 Perform Cost Management
 Perform Quality Management
 Perform Change Management
 Perform Risk Management
 Perform Issue Management
 Perform Procurement Management
 Perform Acceptance Management
 Perform Communications Management

 Perform Project Closure


 Review Project Completion

The Project Management Template kit contains all of the tools and templates you need, to
complete the project management life cycle. It also contains a free Project Management Book to
help you manage projects. It takes you through the project lifecycle step-by-step, helping you to
deliver projects on time and within budget.

It's also unique, because it:

 Applies to all project types and industries


 Is used to manage projects of any size
 Gives you the complete set of project templates
 Explains every step in the project lifecycle in depth!

The Project Management Kit helps:

 Project Managers to deliver projects


 Consultants to manage client projects
 Trainers to teach project management
 Students to learn how to manage projects
 Project Offices to monitor and control projects
 Senior Managers to improve the success of projects.

Project Management Template Kit

The Project Management Kit provides more than 50 detailed templates for projects. They save
you time and effort, so you never have to start from scratch. Buy this complete kit of templates
today.

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