A project is a series of tasks that must be completed in order to accomplish a predefined objective. Organizations of all types and sizes undertake projects that range in complexity, timeframe, and resources.
A project is different from a process, which is a series of steps that produce a certain outcome, usually on a repetitive, continuous basis.
By contrast, a project has the following four characteristics:
- Creates a new, tangible output: The main goal of a project is to create something new, whereas a process serves to maintain a function or service.
- Is time-bound: A project always has a predetermined start and end date.
- Exists outside normal business routines: A project is a distinct activity that occurs beyond day-to-day business operations.
- Has boundaries: A project is bound by several factors, such as time, cost, resources, and deliverables. Learn more about the triple constraint of project management below.
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