What is project ?

What is project ?

All the global organization perform work to achieve their goals and objectives.
Work generally invloves operations and project. Operations is monotonous
repetitive work being carried out by the individuals. It is necessary
to sustain the business. Project are temporary and specific tasks to be
performed to meet the objectives.

A Project is a sequence of unique complex and connected activities having one
goal or purpose that must be completed by a specific time within budget
and according to specification.

A project is a temporary endeavor undertaken to create a unique product service
or result.


Project Manager:
Project Manager is like coach, conductor and captain of the ship.
 Project Manager needs to balance the three competing goals viz
scope, time , cost.


=======================================================================

Project Phases and the project life cycle

Project life cycle is the collection of project phases.

Concept phase: In this phase project manager develops a very high
level summary plan which describe the project briefly. This plan will
describe the need or necessity of the project and basic underlying
concepts. It involves the preliminary or rough cost and work involved.

It also involve the WBS. Work breakdown structure defines the total
scope of the project. A project idea must pass the concept phase before
evolving into the development.

Development Phase:

Development begin after Concept Phase is over . A Project team create project
more detail plan. also team work on a more accurate cost estimate and more through WBS.

Implemention Phase:
The third phase of project life cycle is implementing  Phase. In this phase
the project team delivers the required work, creates an accurate cost estimate and provides performance report to stockholders.

Close out phase :
The last phase of the project life cycle is close out.