A project refers to a unique type of service, product or result and it is commonly temporary. On the other hand that which is not a project refers to three main terms that accelerate a project this include; a program, an operation and a subproject. A program refers to all number of collections of a specified project which work hand in hand to gain benefits of teamwork. The day to day progresses of activities in a firm are referred to as operations. Lastly, a part of a project that helps a wider project is known as a subproject. Many times project does have deadlines and cost constraints which tied up us the ingredients for a project.
Most projects are created with a unique deliverable process that can easily outdo the project itself. Projects therefore ca n be established in order to support the market demand choice. To make a project successful a project management portfolio is vital. The concept of iron triangle can be used by various practitioners of a project in order to balance risks, resources and other aspects of project. In addition, a feasibility study on the concept of a project is defined as a result. Moreover a project creates a unique product and service.
Examples of projects include;
The project deliverable
Designing an electrical grid for a new community
Building a new damn as a source of electricity
Informing the public about changes at the electrical company
A program, a subproject and operations are not projects but help to foster a project development. They tend to benefit a group rather than an individual.
Examples include;
Sending monthly invoices to an organization 25,000 customers is an example of an operation.
Providing electricity to a nearby community is an example of an operation.
Work Cited
Phillips, Joseph. All-in-one CAPM/PMP Project Management Certification: Exam Guide. 2014.
