A project is a temporary endeavor undertaken to create a unique product, service, or result. Projects can vary in size and duration, from small to large and short to long. A project ends when its objectives are met or it is terminated, whereas operations work sustains ongoing business functions. Project management involves applying knowledge, skills, and techniques through five key processes - initiation, planning, execution, monitoring and control, and closure - to meet project requirements and deliver the intended result.

3. What Is a Project?
A project is “a temporary endeavor undertaken to
create a unique product, service, or result.”*
Operations is work done to sustain the business.
A project ends when its objectives have been
reached, or the project has been terminated.
Projects can be large or small and take a short or
long time to complete.

4. How customer
explained it.
How project leader
understood it.
How the business
consultant
described it.
How the project
was documented.
What operations
installed.
How the customer
was billed.
How it was
supported.
What the
customer really

5. • A project:
• Has a unique purpose.
• Is temporary.
• Is developed using progressive elaboration.
• Requires resources, often from various areas.
• Should have a primary customer or sponsor.
• The project sponsor usually provides the direction and
funding for the project.
• Involves uncertainty.

6. • Project management is “the application of
knowledge, skills, tools and techniques to
project activities to meet project
requirements.”

7. The Project Manager
Project managers can have the
responsibility of the planning,
execution and closing of
any project.

8. Process Groups
Plan
Monitor &
Control
Implement
Close
Initiate
• All projects typically go through these
five processes

9. Step 1 Step 2 Step 3 Result
activityinputs outputs
A process is a series of actions
directed towards a particular
result.

10. Initiation
Initiating processes: These processes
initiate the project and establish
commitment.

11. Planning
Planning processes: These processes are
meant for devising and maintaining a
workable scheme to accomplish the
business need.

12. Execution
Executing processes: These processes are
used for coordinating people to carry out
the plan.

13. Controlling
Controlling processes: These processes
monitor and measure progress and take
remedial action.

14. Closing processes: These processes are
meant for formalizing acceptance and
bringing project to an orderly end.
Closure