Definition of Project
A project is a specific, finite task to
be accomplished. Project can also be defined as a one-time activity with
well-defined set of desired end result.
Projects
can be large or small and take a short or long time to complete.
According
to Project Management Institute (PMI) - A project is “a temporary endeavor
under-taken to create a unique product, service, or result.”
The
British Standard define a project as-
“A unique set of co-ordinated activities, with definite starting and
finishing points, undertaken by an individual or organization to meet specific
objectives within defined schedule, cost and performance parameters.”
From the above discussion, Project is a
group of unique, inter-related activities that are planned and executed in a
certain sequence to create a unique product or service within a specific time
frame, budget and the client’s specification.
Example: The
construction of a bridge, construction of shopping mall, a specific research
work for development of a product etc.
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