Categories: Management

Project VS Operations

Following are the characteristics of project:

Project

• Definite start and end date

• Unique in nature, every project has different scope of work.

• It is temporary because every project has start and end date.

• Objectives and goals are associated with projects.

• Cost, time and quality are triple constraint associated with every project.

• There could be number of risk, assumptions and constraints in project.

• Project manager is the key person to coordinate and organize the project activities.

• Resources are acquired for limited duration.

• Progressively elaborated

• It is considered as closed if the objectives are achieved

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