Chapter 1, Problem 2E

Program Plan Intro

Project:

• A project is actually a temporary endeavor for creating a unique product, service or result.
• A project is a temporary social system which is constituted by teams to accomplish specific tasks under specified time.
• Project is a set of interrelated tasks which is to be executed over a fixed period of time and within certain cost and within other limitations.
• A project or a program can be treated as an undertaking that involves research or design and is planned for achieving a particular goal.

Project management:

• The application of skills, knowledge, tools and techniques for meeting project requirements is known as project management.
• Project stakeholders, project management tool areas, project management tools and techniques and the contribution of successful projects to the enterprise are the key elements of project management framework.
• The primary challenge or risk of project management is to meet all the project goals within the specified time and within given constraints.
• The main goal of project management is to produce a complete project which satisfies all the client’s objectives.