Session 2: Basic Definitions and Concepts

. or when it becomes clear that the projects objectives will not or cannot be met  Unique ▪ Involves doing something which has not been produced in the exact format previously ▪ The presence of repetitive elements does not change the fundamental uniqueness of the overall effort. A project is a temporary endeavor undertaken to create a unique product or service:  Temporary ▪ Every project has a defined beginning and end ▪ End is reached when the project’s objectives have been achieved.

 Provides a common frame of reference within the profession for talking about project management. tools and techniques in nine knowledge areas  Generally accepted means: ▪ The knowledge and practices that are applicable to most projects most of the time ▪ Widespread consensus about their value and usefulness ▪ Does not mean they should be applied uniformly on all projects. . The PMBOK:  Generally accepted practices.

High Space station Uniqueness Housing Motor manufacturing Coin manufacturing Low High Repetitiveness .

Similarities  Performed by people  Constrained by limited resources  Planned. executed.  . non-project undertakings adopt a new set of objectives and continue work. and controlled  Differences  Operations are ongoing and repetitive  Projects are temporary and unique:  Project ceases when its declared objectives have been attained.

Concept Development Execute Project Life cycle Close-out Hand over Premanufacture/ production Commission Asset life cycle Operate/produce and maintain Product life Product cycle utilization Product disposal De-commission .

Concept Development Execute Close-out Hand over Premanufacture/ production Commission Asset life cycle Operate/produce and maintain Product life Product cycle utilization Product disposal De-commission .

Concept Development Execute Close-out Hand over Premanufacture/ production Commission Asset life cycle Operate/produce and maintain De-commission Product utilization Product disposal .

Concept Development Execute Close-out Hand over Premanufacture/ production Commission Operate/produce and maintain De-commission Product utilization Product disposal .

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