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Undertaking

Project

A temporary undertaking carried out to achieve a defined objective by delivering a specified result within an agreed time, scope and set of resources.

Related domains: Funding, Consulting, Industrial Engineering and ValidationConcept ID: concept-project

Definition

A Project is a temporary undertaking carried out to achieve a defined Objective by delivering a specified result within an agreed time, scope and set of resources.

Human Explanation

A Project is an organised way to achieve a specific Objective.

Why it Matters

Much organisational development, investment, implementation, Validation and Funding work is delivered through Projects.

Conceptual Boundary

A Project differs from ongoing operations: it is time-limited and ends when a defined result is reached.

Practical Perspective

A Project should define its Objective, scope, Project Schedule, Project Budget, responsibilities and completion criteria.

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