The Project Management Question And Answer Book
Filed under: CIVIL and ARCHITECTURE, ELECTRICAL, ENGINEERING, MAINTENANCE, MECHANICAL, MINING, PETROLEUM,OIL and NATURAL GAS, REFRIGERATION and HVAC ENGINEERING
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What is a project?
“A project is a temporary endeavor undertaken to provide a unique product or service.” Projects are different from production work because all projects have a beginning and an end. Production work is generally ongoing for long periods of time and does not have a definite starting and stopping point; many production operations take place during the course of producing goods or services. Since projects provide at least a somewhat unique product or service, they must have a beginning and an end. Production work and project work both consume resources and produce products or services. They both cost money and require planning to be done successfully.
Projects can be literally any size. A project can be designed to do something quite small, such as painting the front door on a house. Projects can also be quite large and involve thousands of people and millions of dollars. Projects can take place at any and all levels of an organization and may take place completely within a small part of the organization or include nearly all of a very large organization. The amount of time can vary from a few hours or days to several years.
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Tags: Building Projects in Organizations, Communications, Cost Management, Earned Value Reporting, Human Resources Management, Project Estimating, Project Management, Quality, Risk Management, Time Management