What is a Project?
A Project is a Temporary endeavor which is taken to create a unique product or service. It is non-repetitive work which is carried out to create a service.
We can take a example as
Construction of mall- It is a Project
Maintaining the work of mall - It is an operation
So in the above scenario, when we take consideration on construction of a mall it will lead to a project since we are going to construct it and once it is completed the project will be over . So a project is a temporary or a time framed oriented work which could take certain months to certain years.
Similarly once the construction is complete, the maintenance work been carried out will be considered as operation.
Unique Features of Project
- Project have scope
- Project have time-frame
The project cycles works as
The Project cycle works as firstly we need to analyse the project about what will be required to complete it. The analyzing process works with many aspects Financially, Procurement from different places, man force etc.
Then the work is planned and distributed to the departments where the drawings ,designs, materials to be finalized. After that the execution of work is carried out and the project is commissioned.
After the completion of the project it is reviewed, the mistakes been done is rectified for future projects.
