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What is a project
What is  project  management

What is a project?

People have been planning and managing projects since the early history of time. The Great Pyramid of Giza, the Great Wall of China, and Stonehenge in England are unmistakable prove of that.

According to A Guide to the Project Management Body of Knowledge, (PMBOK® Guide) - 5th Edition, Project Management Institute, Inc., 2013, a project is defined as "A temporary endeavour undertaken to create a unique product, service, or result."

Project in modern day environment can be best defined as: a finite piece of work, undertaken within defined cost & time constraints, and directed at addressing real needs (solving problems/seizing opportunities) to create value and achieve stated benefits for project stakeholders.

Projects are undertaken to address the changing needs of the future. Therefore, we can say that projects are investments for the future. It is imperative that we need to carefully select projects and manage them well because our future depends on the flawless execution of projects and its results.

PMBOK is a registered mark of the Project Management Institute, Inc.

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