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Study Project lecture notes PDF with project management definitions and explanation to study What is Project?. Study project explanation with project management terms to review project management course for online MBA programs.

Project Definitions:

  1. A project is an endeavor to accomplish a specific objective through a unique set of interrelated tasks and the effective utilization of resources.

    Successful Project Management by Jack Gido and James P. Clements



  2. A project is defined as a temporary endeavor undertaken to create a unique product, service, or result.

    A Guide to the Project Management Body of Knowledge by Project Management Institute



  3. A project is within a program as an undertaking that has a scheduled beginning and end, and that normally involves some primary purpose.

    Project Management: A Systems Approach to Planning, Scheduling, and Controlling by Harold Kerzner?



Project Notes:

A project is a temporary effort which aims to achieve a specific objective by performing a series of tasks with a proper sequence. A project is a one-time endeavor. It involves some limited resources i.e. material, people, equipment etc. and the time constraint is limited. Some attributes are associated with a project that involves having a specific objective, tasks of the project being interdependent, limited resources, specific time duration of both the tasks and the overall project, being a unique one-time activity, having a customer that requires a set of deliverables to be provided through the project and a degree of uncertainty. Examples of a project include constructing a building or a house, launching a missile, organizing a function etc.

Keep Learning with Project Management Notes

What is Crashing?

Uncertainties can happen in the project. Due to these uncertainties, the project schedule must be adjusted. The process by which ...

What is Fast Tracking?

In order to cope up with the uncertainties in the project, the project schedule is changed or adjusted. This change ...

What is Program Evaluation and Review Technique (PERT)?

Program Evaluation and Review Technique was developed in 1958 and 1959. A project involves planning and a good way to ...

What is Total Slack?

Sometimes an activity takes more time than the estimated duration. This time must be calculated in order to know if ...

What is Compromising?

Conflicts are a part of project. A project manager must identify the conflicts among the team members and the reasons ...

What is Reserve Analysis?

After estimating the duration and cost estimates, it is important to consider the situations of uncertainty. Based on the uncertainty ...