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Project
– temporary endeavor undertaken to create a unique product or service
•
Has
a definite beginning and end and interrelated activities
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Programs
adopt new set of objectives and continue to work; projects cease when
declared objectives have been attained
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Projects
are unique – characteristics are progressively elaborated
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Progressively:
proceeding in steps
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Elaborated:
worked with care and detail
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Scope
of project should remain constant even as characteristics are “progressively
elaborated”
•
Project
Management: the application of knowledge, skills, tools and techniques to
project activities in order to meet or exceed stakeholder needs and
expectations from a defined project – balancing the following:
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Scope,
time, cost, and quality
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Stakeholders’
expectations
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Requirements
(needs) vs. unidentified requirements (expectations)
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Programs
are groups of projects managed in a coordinated way to obtain benefits not
available from managing the projects individually
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Most
programs have elements of ongoing operations
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Series
of repetitive or cyclical undertakings
•
Projects
are often divided into “subprojects” for more manageability
•
Often
contracted out to external organizations
