Project management notes
Unit – 1 Introduction 1.1 A project is defined as ‘a non-routine, non-repetitive one-off undertaking normally with—discrete time, financial and technical performance goals.’ The definition is descriptive and, because of the endless variety of projects, most of the definitions are of this nature. A project can be considered to be any series of activities and tasks that: (a) Have a specific objective to be completed within certain specifications; (b) Have defined start and end dates; c) Have funding limits (if applicable) and (d) Consume resources (i.e. money, time, equipment). The project has been defined by Project Management Institute (USA) as ‘Any undertaking with a defined objective by which completion is identified. In practice, most projects depend on finite or limited resources by which objectives are to be accomplished.’—Project Management Body of Knowledge (PMBOK). 1.2. Characteristics of a Project:
BBA 1st semester English notes
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