2. What is a Project ?

Project is a temporary endeavour undertaken to create a unique product or service.

Projects are unique.

Projects are temporary in nature and have a definite beginning and ending date.

Projects are completed when the project goals are achieved or its determined the project is no longer viable.

A successful project is one that meets or exceeds the expectations of your stakeholders.

How Unique ?

Product characteristics are progressively elaborated.

The product or service is different in some way from other product or services.

How Temporary ?

Has a definite beginning and end and not an ongoing effort.

Ceases when objective has been attained.

Team is disbanded upon project completion.