Project is an undertaking, though which targeted goals are
achieved, within defined resources like time , money and personnel etc.
For example, Usman has recently received a new assignment, in which
he will lead a team, who is going to
launch new product within next six month. Usman has target ahead with limited time, money and human resource etc.
Project management is application of knowledge, skills and
techniques to get the project done effectively and efficiently.
Why project is unique from business:
-Time period: You will see, project mostly starts with
specified and fixed-time span.
-Schedule: It has plans over time for resources .
-Change: After the project completion, team carries forward for
its next targeted projects.
-Uniqueness: It may never have been undertaken before and
each project is different from other in some aspect.
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