QS Study

Project and Project Management

The project is a planned set of interrelated tasks to be executed over a fixed period and within certain cost and other limitations. It is generally deemed to be a success if it achieves the objectives according to their acceptance criteria, within an agreed timescale and budget. The PMI has defined a project as “A temporary endeavor undertaken to creak a unique product or service.”

According to Adam Ebert, “A project is a one-shot set of activities with a definite beginning and ending point.”

According to R.L. Martino, “A project is some overall task which has a definable beginning and a definable end. It consists of a number of refined and dependent activities, all of which utilize resources and upon which there are imposed internal and external conditions.

Project management: A project is temporary in that it has a defined beginning and end in time, and therefore defined scope and resources. Project management is the application of knowledge, skill, and techniques to execute projects effectively and efficiently. It is the application of processes, methods, knowledge, skills, and experience to achieve the project objectives. It’s a strategic competency for organizations, enabling them to tie project results to business goals and thus, better compete in their markets. Project management is a systematic process of planning, organizing, analyzing, implementing, and controlling of project’s to ensure the best possible use of resources.