In its sixth edition, A Guide to the Project Management Body of Knowledge (PMBOK® Guide, Project Management Institute Inc., 2017) defines a project as “a temporary endeavor undertaken to create a unique product, service, or result” (p.582). In this definition, we should consider some essential points. The word “temporary” shows that project must have a defined start and end. And the purpose of a project is to “create a unique product, service, or result” which means a project is carried out to achieve a particular goal.
Every project must contain the following components:
- Goal: What are you trying to accomplish?
- Timeline: When are you going to achieve it?
- Budget: How much will it cost?
- Stakeholders: Who are the major players in this project?
- Project manager: Who is going to ensure everything gets completed?
Lastly, a project is conducted with a definitive start and end to achieve a specific goal. Therefore, a project is more than just a routine, or day-to-day operation.
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