Project Management Fundamentals: Structures and Concepts
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Project Management Definitions
A project is a temporary endeavor undertaken to create a unique product, service, or result. It consists of a concrete and organized effort motivated by a perceived opportunity when facing a problem, a need, a desire, or a source of discomfort. It seeks the realization of a unique and innovative deliverable, such as a product, a service, a process, or scientific research.
- Program: A group of related projects managed in a coordinated manner to obtain benefits and control that would not be available if managed individually.
- Portfolio: A set of projects or programs grouped together to facilitate effective management and meet strategic business objectives.
- Subproject: A subdivision of a larger project.