Professional Documents
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INTRODUCTION
Different definitions of a Project: (from PMBOK)
1. It is a temporary endeavour undertaken to create a unique product or service (outcome or result).
2. Temporary is defined that every project has a definite end/conclusion.
3. Unique is defined that the product or service is different in some distinguishing way from all
similar products or services.
Types of Projects:
1. Development of a new service or product
2. Effecting a change in structure, processes, staffing or style of an organisation
3. Developing or acquisition of a new or modified information system
4. Product development projects
5. Advertising and marketing projects
6. Implementing, improving or enhancing existing business processes & procedures
7. Event management like sports competition, music concerts & fashion shows
8. Construction projects
Characteristics of a Project:
1. It is Client/costumer based
2. It involves a team of individuals, allied professionals
3. They have a target goal such as creation of production, item, product, service or process
4. Projects have targeted deliverables
5. Projects have a time bar
6. Projects have allocated budget