This document outlines the key attributes and components of an IT project. It discusses that an IT project must have a clear purpose and defined length with starting and ending dates. It also requires necessary resources like employees and assets, as well as a main sponsor to provide funding and direction. While plans are made, uncertainty can occur and factors like time and cost may change due to unforeseen circumstances. The document also outlines the six main phases of an IT project as planning, analysis, design, construction, testing, and rollout. It notes some important inputs, tools, and outputs involved in IT project management.