• A project is when a business

• A project is when a business, organization or individual plan a specific activity which is finite.
• In this activity tasks are set out that interrelate to one another.
• Their purpose is to have specific realistic goals and set out to achieve these goals, taking into consideration financial and human resources available to accomplish the aim or goal.
• Projects have a beginning and an end.
• Projects are unique, innovative and temporary in nature.
• As projects involve managing people with diverse personalities, skills and planning they become a complex endeavour

• In order to achieve a desired goal, service or result or a unique produce, certain requirements have to be followed such as the tasks have to be done within a specific time frame, within budget constraints and other limitations
• Projects are collective, run by teams and involve various stakeholders.
• Projects always involves uncertainty, therefore is associated with risk.
• Projects create change.

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