What is a Project and its Characteristics?

What is a Project?
- A complex, non-routine, one-time effort limited by time, budget, resources, and performance
specifications designed to meet customer needs.
• Major characteristics of a project
Has an established objective.
- Has a defined life span with a beginning and an end. Typically requires across-the-organizational
participation. Involves doing something never been done before.
- Has specific time, cost, and performance requirements.
What are the different stages of project planning?
The Execution Phase will broadly involve the following actions. Acquire Develop & Manage
the Team who will work on the project.
 Execute Project Scope.
 Recommend changes, bug fixes, preventive coming from Planning, Executing and Monitoring
and Controlling process groups.
 Timely Communication with all stakeholders.
 Implemented approved changes to the processes, documentation and plans.
 Team Building exercises.
 Give recognition and rewards to team members and keep them motivated.
 Hold Status Review meetings to ensure project is on track and any deviations are attended to at
the earliest.
 Use Work Authorization systems to allocate work.
 Activate Windows
 to Settings to activate Windows.
 Request Seller responses to your tender and outsourcing needs. Select Seller for your
procurement needs.

Why do projects Fail?

1. Poor project and program management discipline

2. Lack of executive-level support
3. No linkage to the business strategy
4. Wrong team members
5. No measures for evaluating the success of the project
6.No risk management
7. Inability to manage change
Procedures in executing a project