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Project

A project is defined as a temporary endeavor undertaken to create a unique product or service. It involves a series of connected, complex activities that must be completed within a specified time frame and budget. The key characteristics of a project are that it is temporary, has a unique outcome or product, and involves progressively elaborating on activities to achieve a single goal according to specifications.

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29 views12 pages

Project

A project is defined as a temporary endeavor undertaken to create a unique product or service. It involves a series of connected, complex activities that must be completed within a specified time frame and budget. The key characteristics of a project are that it is temporary, has a unique outcome or product, and involves progressively elaborating on activities to achieve a single goal according to specifications.

Uploaded by

TaimoorAli
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PPT, PDF, TXT or read online on Scribd
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Project ?

What is a Project?

• A project can thus be defined in terms of its distinctive


characteristics-a project is a temporary endeavor
undertaken to create a unique product or service.
• A project is a series of activities leading to achieve a
specific outcome within a set budget and time scale.
“A project is a sequence of temporary, unique,
complex and connected activities having one goal or
purpose and that must be completed by a specific time,
within budget, and according to specifications.”
What is a Project (contd.)

• Unique Activities
• The project has never happened before and will never happen
again under the same conditions.
• Complex Activities
• Not simple, repetitive acts, such as mowing the lawn, running the
weekly payroll, washing the car, or loading the delivery truck
• Connected Activities
• There is some order or sequence
• Output from one activity is input to another.
• Temporary Activities
• Start and Finish Dates
What is Project (contd.)

• One Goal
• Projects must have a single goal as compared to a program
• Specified Time
• Projects have a specified completion date
• Within Budget
• Projects also have resource limits (people, money, machine
• According to Specification
• The customer expectation
• Self-imposed
Main Features of a Project

• Projects are Temporary


• Temporary means that every project has a definite
beginning and a definite end.
• Product of a Project is Unique
• Projects involve doing something that has not been done
before and which is, therefore, unique.
• Progressive Elaboration
• Progressivelymeans "proceeding in steps; continuing
steadily by increments," while elaborated means
"worked out with care and detail; developed thoroughly"
Examples

Underwater train tunnel

Water highway

Wind farms in the


middle of ocean
Project Objectives
A project is a series of activities
leading to achieve a specific
outcome within a set budget and
time scale.

Project Scope
The work that needs to be accomplished to
deliver a product, service, or result with the
specified features and functions.
Project Schedule
A project schedule is a time frame of start and
completion dates of activities constituting the
project. Project scheduling looks at which tasks
need to be performed for a project and assigns
deadlines for their completion.

Project Cost
A project cost is an estimate that enables the
organization to evaluate the feasibility of the
project and to manage the capital
requirements of the project.
Project Resource Requirements
Resources are required to carry out the project tasks.
They can be people, equipment, facilities, funding, or
anything else required for the completion of a project
activity.
The lack of a resource will therefore be a constraint on
the completion of the project activity.
Resources are:
•Personnel
•Equipment
•Materials
•Information/Technology
•Money
•Facilities
•Etc
Project Stakeholders
Stakeholders are anyone who has an interest in
the project. Project stakeholders are individuals
and organizations that are actively involved in the
project, or whose interests may be affected as a
result of project execution or project completion.
The following are examples of project
stakeholders:
•Project leader
•Project team members
•Upper management
•Project customer
•Resource Managers
•Line Managers
Project Triple Constraints
Discussion

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