What is Project?

In PRINCE2 , a project is : A temporary organization that is created for the purpose of delivering one or more business products according to an agreed upon business case

In PMBOK , a project is : A Project is a temporary endeavor undertaken to create unique product, services or result.

Project Characteristic:
 Temporary nature of projects indicates a definite beginning and end.
 The end reached:
• When the project objectives have been achieved
• or when the project is terminated because its objectives will not or cannot met.
• Or when the need of project no longer exist
 The Project is a finite process !, not floating or never ending or regular or periodically or repetitive processes,
 A Operation definition : Permanent endeavor undertaken to create unique product, services or result.
 Temporary Does not mean short duration.
• Projects can be large or small and take a short or long time to complete.

 Unique : Every Project is unique. (Things are not always what they seem.— Phaedrus, Roman writer
and fabulist)
Deliverables Project is always unique, intangible or tangible
 Tangible could be phisically such as created factory, bridge, create software etc
 Intangible such as change culture or Learning Project Management Is could be a Project

 A Project comprises a number of activities that must be completed in some specified order, or sequence.
o To determine the sequence, it is helpful to think in terms of the following inputs and outputs:
 What is needed as input in order to begin working on this activity?
 What activities produce those deliverables as output?
 When you know what your dreams are, you know what your problems are.
o Project is A dream with a deadline
 Want to build new house?
 Want to start a new business?
 Want to new car?
o Each dream with a deadline or an opportunity we want to realize is a project. And that project defines the problems we face. And when we face those problems and solve them, that’s a project, too.
 The project must have goals with precisely described and activities to be carried out must be structured
 Project is Balancing the competing of constrains: Scope, Quality, Schedule, Budget, Resources,Risk
 Projects are managed using project management.
 Projects is cross functional: involve a team of people with different skills working together to introduce a change, often cross from functional dept within organization.