![]() Projects help us make desired changes in an organized manner and with reduced probability of failure. ![]() Project is a great opportunity for organizations and individuals to achieve their business and non-business objectives more efficiently through implementing change. In this article we’ll define the terms “project” and “lifecycle”, describe the key characteristics of a project, and explain how to distinguish a project from an activity. This word is often used in different contexts and it can mean something different to each project management professional.īut one thing that everyone agrees on when it comes to the meaning of “project” is that every project initiative defines a final deliverable to be produced in a finite time span and budget, unlike a process that runs continuously.Īn individual or organization involved in projects needs to understand how to solve complexity of problems through a systematic management approach. If you’re a project manager, developer, or anyone else who works on completing goals, then you’re familiar with the definition and key characteristics of project. ![]() Predictive and Iterative Project Lifecycles. ![]()
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