Project
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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 track Project Progress through monitoring systems.
- It can often manage Project Risks through risk assessment.
- It can often measure Project Success through success criteria.
- It can often evaluate Project Performance through key performance indicators.
- It can often assess Project Impact through outcome measurements.
- ...
- 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 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.
- ...
- Example(s):
- Personal Projects, such as:
- Commercial Projects, such as:
- Business Projects, such as:
- Product Development Projects, such as:
- Process Improvement Projects, such as:
- Industrial Projects, such as:
- Business Projects, such as:
- Research Projects, such as:
- Academic Projects, such as:
- Scientific 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:
- 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:
- ...
- 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.
- See: Program, Portfolio, Initiative, Work Package, Deliverable, Organization, Project Management, Stakeholder Management.
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]