What is a Project?
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A project is a limited endeavor (meaning it has specific start and finish dates) that is undertaken to meet particular goals and objectives. Projects are different than processes or everyday operations, which are repetitive, permanent, or semi-permanent functional work taken on to produce products or services.
All successful projects share the following characteristics:
- Clear goals
- Defined ownership/responsibility
- Timeline
- Dedicated team
- Defined methodology
- Controlled execution
- Completion evaluated based on original plan
- Linked to business objectives
- Supported by an organization’s management team