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Project Management For Executives: When Failure Is Not An Option TOC | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12  

1 - What is a Project?

A one-time, multitask job with definite starting and ending dates, specific scope of work to be performed, a budget, usually a temporary team and a specified level of performance to be achieved.

Every project has:

  • Specific Outcomes: Products or results (measurability important)
  • Scope: Established limits for what will and will not be included in a project.
  • Schedule: Start and end dates and milestones that are explicit and managed.
  • Budget: Established for money, people, equipment, facilities, information

A project is not:

  • A process: A series of steps by which a particular function is routinely performed.
  • A program: Work performed towards a long-range goal. A program may encompass several projects.
  • A delegation of authority: Delegations of authority for an outcome are not per se projects even if the outcome is measurable. If a delegation meets the other criteria for a project (i.e. one-time multi task job involving a scope, schedule, and budget and temporary team) it becomes a project delegation.

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