Saturday, July 7, 2012

BUS528 Project Management: Chapter 2

Foundation Principles of Project Management

How a Project is Defined. All projects have two essential characteristics:

  1. Every project has a beginning and an end. The date of the beginning may be somewhat fuzzy, as an idea evolves into a project. The end, however, must be clearly defined so that all project participants agree on what it means to be complete.
  2. Every project produces a unique product. The outcome could be tangible, such as a building or a software product, or it could be intangible, such as new hiring guidelines.

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