0
A project is a work effort made over a finite period of time with a start and a finish to create a unique product or service or result. Because a project has a start and a finish, it is also called a temporary effort or endeavor. In other words, a project is a temporary endeavor taken to create a unique product, service or result. So, a project has two defining characteristics: It is temporary, and it creates a unique result.
Let's try to understand these two defining concepts: temporary and unique.
Temporary - The temporary nature of projects refers to the fact that each project has a definite beginning and a definite end. A project can reach its end in one of two possible ways:
• The project has met its objectives-that is, the planned unique product has been created or the results achieved.
• The project has been terminated before its successful completion for whatever reason.
The temporary nature of projects can also apply to two other aspects:
• The opportunity to market the product that the project will produce is temporary-that is, the product needs to be produced in a limited timeframe; otherwise, it will be too late.
• A project team is temporary-that is, the project team is disbanded after the project ends, and the team members may be assigned to other projects eventually.
However, remember that the temporary nature of a project does not refer to the product it creates. The results or outcomes of a project are usually long lasting. Go back to the building your home example. Even though the construction process ends after say 9 months, your house is going to stand forever (Unless you plan on renovating or rebuilding it from scratch, which by themselves will be separate projects)
The second defining characteristic of a project is that it must create a unique product.
Unique product - The outcome of a project must be a unique product, service, or result.
How do these 3 terms differ from one another?
• Product - This is a tangible, quantifiable artifact that is either the end item or a component of outcome. The LCD TV in your living room or the fast BMW Car you drive or the nice diamond pendant you got your wife on her birthday are some examples of products.
• Service - Actually, when we say a project can create a service, we really mean the capability to perform a service. For example, a project that creates a website for a bank to offer online banking has created the capability for the bank to offer the online banking to its customers.
• Result. This is usually the knowledge related outcome of a project-for example, the results of an analysis performed in a research project.
What else can I help you with?
What is the attributes of project?
attributes Good points
What are correct statements about collecting project requirements?
High Level requirements Project stakeholders Project requirements Attributes
Research and describe the role of the Project manager and the personal attributes required for a project manager?
The primary role of the Project Manager is about managing the project and leading the project team. The responsibilities of the Project Manager include, among others: - Planning the Project - Monitoring the Project - Manage Changes The personal attributes of the Project Manager include: - Build effective communications with other roles - Motivate the project team. Hope that answers your question.
How do activity attributes assist in project management?
They provide info about the activities, they enable sequencing
What are the key attributes and qualities that contribute to good project manager skills?
Key attributes and qualities that contribute to good project manager skills include strong communication, leadership, organization, problem-solving, and time management abilities. Additionally, being adaptable, detail-oriented, and able to work well under pressure are important traits for successful project management.
Which statements about collecting project requirements are correct?
Requirements depend on the attributes of a product and the needs of the client. Project requirements are the basis for identifying project scope and for all the project planning and control. The project charter provides high-level requirements. Project stakeholders are the source you must consult to collect detailed requirements.
What are the attributes of payroll management system?
Employee NumberEmployee NameSalaryTax percent withheldMedical withheldOther deductions withheldDepartment NumberDepartment NameProjects the person is worked on (note there can be more than one project)Project Number (each project should have a number)Name of the project (each project should have a name)Manager of the project (each project is assigned a manager)Hours the employee worked on the project
What are the attributes of payroll database management system?
Employee NumberEmployee NameSalaryTax percent withheldMedical withheldOther deductions withheldDepartment NumberDepartment NameProjects the person is worked on (note there can be more than one project)Project Number (each project should have a number)Name of the project (each project should have a name)Manager of the project (each project is assigned a manager)Hours the employee worked on the project
Where can one listen to 'Stop crying your heart out' by by Oasis?
These are just a few of the hundreds of attributes cataloged for this track by the Music Genome Project. You can find it at Pandora, Myspace, Youtube and last.fm.
What has the author Woodrow Wilbert Morris written?
Woodrow Wilbert Morris has written: 'Rorschach estimates of personality attributes in the Michigan assessment project' -- subject(s): Rorschach Test, Personality
What are the attributes of development?
ment and its attributes
What are the attributes of development administration?
ment and its attributes
