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THE MEANING OF PROJECT:

A project is a unique venture with specific start and end dates. This is different from an ongoing task that doesn't have an end date. Projects often involve different parts of an organization. Constraints on project include cost, schedule, resources, and quality. There is a give and take between these items i.e. you can't have it all. Usually projects are divisible into stages or phases each with their own set of priorities and goals.

A project is an important and carefully planned piece of work that is intended to build or produce something new, or to deal with a problem.

The Project Management Institute, U.S.A. has a good definition for it.

According to the Institute, a project is a one-shot, time-limited, goal-directed, major undertaking, requiring the commitment of varied skills and resources. It also describes a project as: a combination of human and non-human resources pooled together in a temporary organization to achieve a fixed set of objectives

The aforementioned descriptions emphasize that a project does not mean a material body or form, rather it denotes an operation undertaken temporarily to achieve a goal-directed objective within a limited time.

In contrast, the Oxford English Dictionary states that a project is "a plan, scheme or table of something; a tabulated statement; a design or pattern according to which something is made; something projected or proposed for execution; a proposal."

It is, therefore correct to interpret conceptually that a project can also be a physical object, that is to say something projected or proposed for execution, such as planned undertaking, large or small, and for profit or otherwise.

MEANING & NATURE OF PROJECT MANAGEMENT:

Project management is quite often the province and responsibility of an individual project manager. This individual seldom participates

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