5 characteristics which differentiate projects from functions carried out in daily operations of a organization
5 characteristics which differentiate projects from functions carried out in daily operations of a organization
Homework Answers
Daily operations, as the name itself suggests is a process that is performed daily. It is repetitive in nature, however, projects are a one-time endeavor to create a unique product. It is not a routine exercise, unlike daily operations. Simply put, Projects are time-bound effort, with budget limitations, assigned resources for a fixed time and specific requirements detailed. The 5 characteristics that differentiate projects from daily operations are below:
1). Defined life span - Unlike daily operations
there is a defined time frame within which a project should be
closed.
2). A well-defined objective - The objectives are
well defined in projects
3). Involves people from several disciplines -
Unlike daily operations where tasks are completed by the same set
of individuals, the project has different disciplines to complete
the tasks assigned to them.
4). A Project life cycle - There are 4 stages of
project life namely Defining, Planning, Executing and
Closure.
5). Specific cost, time and performance
requirement - These individual aspects of the project are
well specified in documents such are SOW or Project charter.
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5 characteristics which differentiate projects from functions
carried out in daily operations of a organization
What are five characteristics which help differentiate projects from other functions carried out in the daily...
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