Tuesday, November 2, 2010

About Project and Project Management

A Project Is....
  • A group of tasks, performed in a definable time period, in order to meet a specific set of objectives.
  • It is likely to be a one-time program.
  • It has a life cycle, with a specific start and end.
  • It has a work scope that can be categorized into definable tasks.
  • It has a budget.
  • It is likely to require the use of multiple resources. Many of these resources may be scarce and may have to be shared with others.
  • It may require the establishment of a special organization, or the crossing of traditional organizational boundaries
Major components of project consists of
  • Work of scope.
  • Time.
  • Resources.
  • Costs.
  • Quality.
  • Communication.
  • Risk.
  • Contracts and Procurement.

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