Definition - Project :
A project can be defined as a temporary endeavor undertaken to create a unique product or service***.
Projects are different from other ongoing operations in an organization, because unlike operations, projects have a definite beginning and an end - they have a limited duration.
Projects are critical to the realization of performing organization's business strategy because projects are a means by which the strategy of the company is implemented.
Projects also involve one or more elements that have not been done in the past, and are therefore unique. A product or service may be unique even if the category to which it belongs is large. For example, although several residential complexes have been built in the past, creation of a new house will be a project because each facility can have elements such as a unique - location, customized or adapted design, regionally available resources, and/or discrete owners.
*** As defined by PMI®
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