Page 197 - E2 Integrated Workbook STUDENT 2018

Managing projects

What is a project?

 A project is a unique undertaking to achieve a specific objective.

 A project has a defined beginning and end.

 A project has resources, like staff and funding allocated specifically for the
length of the project.

 The project will also have stakeholders, i.e. all those who are interested in the
progress and final outcome of the project.

 A project will inevitably have some degree of uncertainty as the uniqueness of
it will lead to some degree of risk in the deliverables and the activities to achieve
the deliverables.

Once completed, it should then become integrated into the normal day-to-day
activities of the business.

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