Project
(Redirected from Time-Bound Initiative)
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A Project is a managed effort that is a work coordination system designed to deliver specific outcomes within defined constraints.
- AKA: Formal Endeavor, Time-Bound Initiative, Managed Undertaking, Structured Venture.
- Context:
- It can typically have a Project Scope through requirement definition.
- It can typically have a Project Timeline through schedule management.
- It can typically have Project Resources through resource management.
- It can typically require Project Managers through leadership structures.
- It can typically utilize Project Plans through planning frameworks.
- ...
- It can often manage Project Risks through risk assessment.
- It can often track Project Progress through monitoring systems.
- It can often have Project-Related Measures such as project complexity measures and project valuation measures.
- It can often evaluate Project Performance through key performance indicators.
- It can often organize Project Tasks through work breakdown structures.
- It can often require Project Cost-Benefit Analysis through financial evaluation.
- ...
- It can range from being a Temporary Project to being an Ongoing Project, depending on its duration type.
- It can range from being a Private Project to being a Public Project, depending on its funding source.
- It can range from being a Simple Project to being a Complex Project, depending on its scope complexity.
- It can range from being a Local Project to being a Global Project, depending on its impact scope.
- It can range from being a Small Budget Project to being a Large Budget Project, depending on its resource requirements.
- It can range from being a Individual Project to being a Collaborative Project, depending on its participation structure.
- It can range from being a Traditional Project to being a Agile Project, depending on its management approach.
- ...
- It can follow a Project Methodology through process frameworks.
- It can establish Project Governance through control structures.
- It can maintain Project Documentation through document management.
- It can facilitate Project Communication through communication channels.
- It can leverage Project Management Methodologies like agile, waterfall, or scrum.
- It can involve Multidisciplinary Teams across engineering, management, finance, and logistics.
- It can integrate with Portfolio Management for strategic alignment.
- It can connect to Program Management for initiative coordination.
- It can support Change Management for organizational transformation.
- It can utilize Project Schedules through timeline planning.
- It can employ Gantt Charts through visual scheduling.
- It can apply PERT Charts through network analysis.
- It can implement Project Dependency Management through constraint mapping.
- It can require Statement of Work through scope documentation.
- It can involve Principal Investigators through research leadership.
- It can establish Executive Sponsors through strategic oversight.
- ...
- Example(s):
- Personal Projects, such as:
- Personal Passion Projects, such as:
- Commercial Projects, such as:
- Business Projects, such as:
- Product Development Projects, such as:
- Process Improvement Projects, such as:
- Technology Projects, such as:
- Industrial Projects, such as:
- Business Projects, such as:
- Research Projects, such as:
- Academic Projects, such as:
- Scientific Projects, such as:
- Experimental Projects, such as:
- Computational Biology Projects, such as:
- Data Science Projects, such as:
- Natural Language Processing Projects, such as:
- Development Projects, such as:
- Infrastructure Projects, such as:
- Social Impact Projects, such as:
- Community Projects, such as:
- Cultural Projects, such as:
- Technology Projects, such as:
- Innovation Projects, such as:
- Open Source Projects, such as:
- Language Technology Projects, such as:
- Collaborative Projects, such as:
- International Projects, such as:
- Cross-Organization Projects, such as:
- Government Projects, such as:
- Public Sector Projects, such as:
- Defense Projects, such as:
- ...
- Personal Projects, such as:
- Counter-Example(s):
- Ongoing Operations, which lack defined endpoints.
- Regular Processes, which lack unique deliverables.
- Ad Hoc Tasks, which lack structured planning.
- Organizational Programs, which encompass multiple projects.
- Hobbys, which lack formal structures.
- Project Management Tools, which support but are not projects themselves.
- Workflow Management systems, which manage but are not projects themselves.
- See: Program, Portfolio, Initiative, Work Package, Deliverable, Organization, Project Management, Stakeholder Management, Project Manager, Project Plan, Project Schedule, Project Task, Gantt Chart, PERT Chart, Risk Management Task, Project Cost-Benefit Analysis, Project Dependency Management, SWOT Analysis Process, Statement of Work, Principal Investigator, Executive Sponsor, Technical Leader, Program Manager, Responsibility Assignment (RACI) Matrix, Expected Net Present Value, Project Complexity Measure, Project-Related Measure, Managed Effort, Endeavour.
References
2024-12-27
- Perplexity.ai
- Question: What is a project in its broadest sense? What are its key characteristics? Please explain the definition and main components that differentiate a project from nearby concepts such as tasks and programs and endeavours.
- Answer: A project is a temporary endeavor undertaken to create a unique product, service, or result. This fundamental definition helps distinguish projects from other types of work and organizational activities.
- Core Characteristics:
- Temporal Nature:
- Projects have defined start and end points.
- They are finite rather than continuous operations.
- Each project phase must be completed within specific time constraints.
- Uniqueness:
- Every project delivers unique deliverables.
- Projects are not routine operations or repeated processes.
- Each project has distinct requirements and objectives.
- Resource Constraints:
- Projects operate within defined budgets and resource limitations.
- They require specific team compositions and expertise.
- Resources are managed through the triple constraint of time, scope, and cost.
- Temporal Nature:
- Project Structure:
- Leadership and Team:
- Projects require dedicated project managers and project teams.
- Teams are often cross-functional or cross-organizational.
- Project managers oversee planning, scheduling, tracking and completion.
- Project Lifecycle:
- All projects progress through five phases: initiation, planning, execution, monitoring, and closure.
- Each phase builds upon previous work in a progressive manner.
- Projects require comprehensive planning documents that outline goals, schedules, and budgets.
- Leadership and Team:
- Methodological Approaches:
- Different methodologies can be applied based on project needs:
- Waterfall for well-defined requirements with sequential process.
- Agile for dynamic requirements with iterative approach.
- Scrum for cross-functional teams with flexible framework.
- Different methodologies can be applied based on project needs:
- Core Characteristics:
- Citations:
[1] https://www.brightwork.com/blog/what-are-the-characteristics-of-a-project [2] https://www.global-solutions-initiative.org/young-global-changers/projects/ [3] https://www.linkedin.com/pulse/waterfall-vs-agile-scrum-kanban-methodologies-analysis-fagun [4] https://www.geeksforgeeks.org/project-management-characteristics-of-project/ [5] https://www.mastt.com/blogs/top-10-capital-projects-worldwide [6] https://synoptek.com/insights/it-blogs/agile-scrum-waterfall-software-development-difference/ [7] https://www.projectmanager.com/blog/project-definition [8] https://resources.scrumalliance.org/article/scrum-vs-waterfall [9] https://www.simplilearn.com/what-is-a-project-article [10] https://mymanagementguide.com/basics/what-is-a-project/
2024
- (Wikipedia, 2024) ⇒ https://en.wikipedia.org/wiki/Project Retrieved:2024-12-27.
- A project is a type of assignment, typically involving research or design, that is carefully planned to achieve a specific objective. [1] An alternative view sees a project managerially as a sequence of events: a "set of interrelated tasks to be executed over a fixed period and within certain cost and other limitations". A project may be a temporary (rather than a permanent) social system (work system), possibly staffed by teams (within or across organizations) to accomplish particular tasks under time constraints.[2]
A project may form a part of wider programme managementor function as an ad hoc system.Open-source software "projects" or artists' musical "projects" (for example) may lack defined team-membership, precise planning and/or time-limited durations.
- A project is a type of assignment, typically involving research or design, that is carefully planned to achieve a specific objective. [1] An alternative view sees a project managerially as a sequence of events: a "set of interrelated tasks to be executed over a fixed period and within certain cost and other limitations". A project may be a temporary (rather than a permanent) social system (work system), possibly staffed by teams (within or across organizations) to accomplish particular tasks under time constraints.[2]