Transcript WHAT IS A PROJECT ? • A project is a temporary endeavor undertaken to create a unique product, service, or result. Source: A Guide to.

WHAT IS A PROJECT ?
• A project is a temporary
endeavor undertaken to create
a unique product, service, or
result.
Source: A Guide to the Project Management Body of Knowledge (PMBOK® Guide) Fourth Edition ©2008; Project Management Institute
Temporary means that every project
has a definite beginning and a
definite end.
The end is reached when a project’s objectives
have been achieved, or…
 it becomes clear that the project objectives will not
or cannot be met, or
 the need for the project no longer exists.
Source: A Guide to the Project Management Body of Knowledge (PMBOK® Guide) Fourth Edition ©2008; Project Management Institute
A project creates a unique
product, service or result…
 Repetitive elements may be present in some
project deliverables.
 The presence of repetitive elements does not
change the fundamental uniqueness of
project work.
Source: A Guide to the Project Management Body of Knowledge (PMBOK® Guide) Fourth Edition ©2008; Project Management Institute
Projects vs. Ongoing Work …
• Ongoing work effort is generally a repetitive
process that follows an organization’s existing
procedures.
• Because of the unique nature of projects,
there may be uncertainties about the products,
services or results that the project creates.
• This requires more dedicated planning than
other routine work.
Source: A Guide to the Project Management Body of Knowledge (PMBOK® Guide) Fourth Edition ©2008; Project Management Institute