[vc_row][vc_column][/vc_column][/vc_row][vc_row][vc_column width=”1/2″][vc_column_text]Project is a temporary endeavor undertaken to create a unique product, service, or result. (PMBOK Guide Sixth Edition, PMI, USA).
What is a Project?
All projects have 3 basic characteristics:
- Temporary
- Creates unique product, services or result
- Progressive Elaboration
Exam Tips
- Project creates unique products, while operation creates standard products.
- Projects and operations shares several common features such as resources, budget, risk, etc.
- Projects are temporary, while operations are permanent.
- Temporary doesn’t mean short in duration.
- Expect around 2 questions in the exam from this concept.