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A project is a work effort made over a finite period of time with a start and a finish to create a unique product or service or result. Because a project has a start and a finish, it is also called a temporary effort or endeavor. In other words, a project is a temporary endeavor taken to create a unique product, service or result. So, a project has two defining characteristics: It is temporary, and it creates a unique result.
Let's try to understand these two defining concepts: temporary and unique.
Temporary - The temporary nature of projects refers to the fact that each project has a definite beginning and a definite end. A project can reach its end in one of two possible ways:
• The project has met its objectives-that is, the planned unique product has been created or the results achieved.
• The project has been terminated before its successful completion for whatever reason.
The temporary nature of projects can also apply to two other aspects:
• The opportunity to market the product that the project will produce is temporary-that is, the product needs to be produced in a limited timeframe; otherwise, it will be too late.
• A project team is temporary-that is, the project team is disbanded after the project ends, and the team members may be assigned to other projects eventually.
However, remember that the temporary nature of a project does not refer to the product it creates. The results or outcomes of a project are usually long lasting. Go back to the building your home example. Even though the construction process ends after say 9 months, your house is going to stand forever (Unless you plan on renovating or rebuilding it from scratch, which by themselves will be separate projects)
The second defining characteristic of a project is that it must create a unique product.
Unique product - The outcome of a project must be a unique product, service, or result.
How do these 3 terms differ from one another?
• Product - This is a tangible, quantifiable artifact that is either the end item or a component of outcome. The LCD TV in your living room or the fast BMW Car you drive or the nice diamond pendant you got your wife on her birthday are some examples of products.
• Service - Actually, when we say a project can create a service, we really mean the capability to perform a service. For example, a project that creates a website for a bank to offer online banking has created the capability for the bank to offer the online banking to its customers.
• Result. This is usually the knowledge related outcome of a project-for example, the results of an analysis performed in a research project.
We might use these 3 terms product or service or result interchangeably during the course of our study and remember that, though they might be 3 different things, from a project perspective, they all signify one thing - the project is completed successfully.
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War between british and the colonist outcome?
The outcome was that the colinist won. The outcome was that the colinist won.
What are the various characteristics of a project?
A project is a work effort made over a finite period of time with a start and a finish to create a unique product or service or result. Because a project has a start and a finish, it is also called a temporary effort or endeavor. In other words, a project is a temporary endeavor taken to create a unique product, service or result. So, a project has two defining characteristics: It is temporary, and it creates a unique result.Let's try to understand these two defining concepts: temporary and unique.Temporary - The temporary nature of projects refers to the fact that each project has a definite beginning and a definite end. A project can reach its end in one of two possible ways:• The project has met its objectives-that is, the planned unique product has been created or the results achieved.• The project has been terminated before its successful completion for whatever reason.The temporary nature of projects can also apply to two other aspects:• The opportunity to market the product that the project will produce is temporary-that is, the product needs to be produced in a limited timeframe; otherwise, it will be too late.• A project team is temporary-that is, the project team is disbanded after the project ends, and the team members may be assigned to other projects eventually.However, remember that the temporary nature of a project does not refer to the product it creates. The results or outcomes of a project are usually long lasting. Go back to the building your home example. Even though the construction process ends after say 9 months, your house is going to stand forever (Unless you plan on renovating or rebuilding it from scratch, which by themselves will be separate projects)The second defining characteristic of a project is that it must create a unique product.Unique product - The outcome of a project must be a unique product, service, or result.How do these 3 terms differ from one another?• Product - This is a tangible, quantifiable artifact that is either the end item or a component of outcome. The LCD TV in your living room or the fast BMW Car you drive or the nice diamond pendant you got your wife on her birthday are some examples of products.• Service - Actually, when we say a project can create a service, we really mean the capability to perform a service. For example, a project that creates a website for a bank to offer online banking has created the capability for the bank to offer the online banking to its customers.• Result. This is usually the knowledge related outcome of a project-for example, the results of an analysis performed in a research project.
Who decided who won a gladiator fight?
An official called an "editor" decided the outcome of a gladiatorial fight.An official called an "editor" decided the outcome of a gladiatorial fight.An official called an "editor" decided the outcome of a gladiatorial fight.An official called an "editor" decided the outcome of a gladiatorial fight.An official called an "editor" decided the outcome of a gladiatorial fight.An official called an "editor" decided the outcome of a gladiatorial fight.An official called an "editor" decided the outcome of a gladiatorial fight.An official called an "editor" decided the outcome of a gladiatorial fight.An official called an "editor" decided the outcome of a gladiatorial fight.
One outcome of the Watergate scandal was the?
The outcome of the Watergate scandal was the resignation of Richard Nixon.
What is the outcome of george childress in the Texas Revolution?
the outcome was to free rick James for all the people out there
What is the testable outcome in a science fair project?
The hypothesis.
What is the format to write preface for project?
A preface for a project typically includes an introduction to the project, the purpose and objectives, acknowledgments of any individuals or organizations who contributed, and a brief overview of what the reader can expect from the project. It should be written in a formal and professional tone, providing context and setting the stage for the content that follows.
What kind of calculator will help project the outcome of financial investments?
If someone wants to project the outcome of their financial investments then they need to get hold of a financial calculator program or application. It can only be a projection that is given not a definite prediction.
What are the research project tools for analyzing the outcome?
Mathematical tools such as statistical analyses.
Describe the outcome on projects if sufficient resources not met?
If the resources of a project are not sufficiently met, the project would not be able to obtain its goals.
Identify the value of the project manager in an organization as he manages the project component of the project?
Improved risk management Optimized technical performance Consistent outcome Controlled scope changes
What was the reason when the outcome of a project or task with which you were involved did not meet your expectations?
Lack of enough funds and insufficient time is one of the reasons as to why the outcome of a project task does not meet the given expectations. Failure of providing a clear cut instructions is another reason.
Can a functional manager who considers his organization as strictly support still be dedicated to total project success?
It depends on how the outcome of the project will affect the functional manager. If the project success will positively affect him then he will be dedicated to the project's success
Define term project objective?
A project is a series of activities leading to achieve a specific outcome within a set budget and time scale.AnswerA Project Objective is a detailed (sometimes technical) explanation of what a project should achieve.
Can an Organizations Culture affect a Projects Outcome?
A project is typically performed inside a company called the performing organization, which creates an environment for the project called the project environment. The projects are influenced by the project environment, which is shaped by many elements, such as organizational culture, organizational structure, enterprise environmental factors, organizational process assets, and the maturity of the organization. To summarize, Yes the organizational environment within which a project is being executed can have a significant impact on the outcome of the project.
Why is the topic of project management getting more attention lately?
The topic of project management is getting more attention lately because the importance of the position to the positive outcome of a project has been recognized.
What are the advantages and disadvantages of reducing project scope to accelerate a project?
Advantages:Less work to be doneLess resources will be usedWork will be completed fasterDisadvantage:Not everything that is required will be doneThe project outcome may not be fully useful
