Characteristics Of A Project

Submitted By mounisingh
Words: 684
Pages: 3
Open Document
Narasimhamurthy, Varsha / 03 SEPT 2014 1/26/4
A Project is a temporary undertaking in order to create a project/service. The seven characteristics of a project are:-
1) Importance: A project should be important enough as seen through the eyes of the top management in a company to make it worthy enough to set up an organizational unit especially for this project. If anyone in the organization thinks or suspects that it is not really important, the project is doomed to fail. There are multiple and mild symptoms to recognize the lack of importance: If the top management doesn’t mention it at all, assigning the project to a lesser ranked employee, adding this project into the responsibilities of a person who is already overworking, not looking after the needs of the project like the resources or not allotting sufficient time for the project.

I have noticed this happen in the company I worked at, previously. This company is an advertising agency where there were several projects which catered to the needs of different health companies and prepared ads for them. I noticed that if they got any particular ad which was not yet approved by the top management or if it wasn’t a big enough to allocate it to new resources, they did not create a new project for it. Instead they had it assigned to someone in an already existing team to work on it and it wouldn’t be given much importance during its lifecycle.

2) Performance: A project is an activity with well-defined end results. It is generally divided into subtasks in order to achieve the project goals. The project requires effective time management and often require coordination and control over performance and costs. This project will have to be coordinated with the various other projects in the organization.

3) Life Cycle with a Finite Due Date: All projects have life cycles. From a slow beginning they progress to a buildup of size, then peak, begin a decline, and finally will have an ending date when it should be completed. Some projects end by being phased into the normal, ongoing operations of the parent organization.

4) Interdependencies: Projects interact with various other projects carried out simultaneously in the same organization. Hence they also might sometimes share resources due to which some sort of competition might be created between the two projects. But there might be standard rules followed by an organization in order to handle this. The PM must ensure all these interactions happen clearly and also maintain the appropriate interrelationships with all external groups.

I noticed these interdependencies in the advertising agency I worked at.
Show More

Related Documents: Characteristics Of A Project

Assignment 3 Assignment 1

Seeronie Singh AC502-Business Law Unit 3 Assignment #1 Final Project Part 1-Research Paper 1 Professor Lerner January 7, 2014 TABLE OF CONTENTS I. INTRODUCTION ………………………………………………………....…..……………....1 II. SECURITIES ACT OF 1933 AND 1934………………………….…....……….…………....1 II.1 SECURITIES AND EXCHANGE COMMISSION V. SUBAYE, INC ...……….....3 III. THE FOREIGN CORRUPT PRACTICES ACT OF 1977.………...…………...…………....4 III.1 THE BANANAGATE SCANDAL...………….……………………..…..………….5…

Words 2373 - Pages 10

P1 Assignment 1 Assignment

PHYS P15 - First Assignment due October 25th 2013 This assignment is meant to be engaging and thought-provoking rather than technically challenging. I don’t want any submissions to exceed 2-3 printed pages. I am completely relaxed about word count, format, and so on, and don’t care about how you format any references or sources you might provide – just make sure that they are coherent enough for me to track down if I want to. Although we are into the age of computers, I will require…

Words 1263 - Pages 6

Assignment 1 Essay

Analytics Assignment 1 Please submit the following to Cathy at labric@yorku.ca, no later than 11:30 on the day the assignment is due:    A pdf copy of your write up (and appendices as necessary). A copy of the SAS script you used to complete your analyses. A pdf copy of the output from your SAS procedures. You may direct your SAS output to a pdf as follows: ods pdf file=’full system name of the output pdf file’; run; your sas code; ods pdf close; run; General Instructions: Your assignment is to…

Words 1304 - Pages 6

Assignment 1 Essay

Kanwardeep Vig Course code: PSI252 Course name: Conflict Resolution Document: Assignment 1 Grading: 15% Assigned: January 26, 2015 Due date: February 09, 2015 Preventing Drive-by shooting The case that I choose Is that the new “Bill Would Boost Police Powers in Preventing Drive- by Shootings: MPP Mike Colle” This was brought up recently that there have been many deaths on the streets of Toronto by hands on Shooters. When drivers are caught with this bill there would be licence suspension and fines…

Words 416 - Pages 2

Assignment 1 Essay

Written Assignment 1 My profession is in the United States Navy as a Boatswain's Mate. Boatswain's Mates is an old an honorable rate in the navy dating back to days of sailing. When I first came in the navy as a Deck Seamen there wasn't any work to be done with any thing having to do with technology to much. It was more of here's a paint brush, and now get to work. Since then I have moved up a few pay grades and deal with a bit more than just painting, sweeping, and cleaning.…

Words 577 - Pages 3

Nt1310 Unit 1 Assignment 1

1. Describe what you did. This does not mean that you copy and paste from what you have posted or the assignments you have prepared. You need to describe what you did and how you did it. I have researched over the internet to create the flowchart. As I mentioned earlier that I always get help from instructor’s example. What I am facing now is time management. Not getting enough time to research more on the particular topic. I have to put some extra time at my job as one of the projects is going to…

Words 538 - Pages 3

Essay on Assignment 1

Information Systems (Ass-1) Assessor Name: Japhet Bonney Assessor Signature: Submission Date: Date issued: 26/02/15 Hand in deadline: 12/03/15 Submitted date: *Resubmission date: Student Declaration: The attached assignment is my own original work. All other sources have been appropriately referenced. I understand that false declaration is a form of malpractice. *All resubmissions must be authorised by the Lead Internal Verifier. Only one resubmission is possible per assignment, providing: The…

Words 1441 - Pages 6

Assignment 1 Essay

Assignment 1 MDSE 5240 Global Fashion Retailing Name: Linh Le Date: 02/01/2015 Assignment 1 Importance of fashion in the global market Clothing demands are beyond of people’s regularly basic need that is to keep human body warm. Many people today like wearing something that makes them feel comfortable, nice, happy, and even some have confident feeling when wearing clothes with a designer label on it. From social and cultural perspective, fashion is to show your personality…

Words 1197 - Pages 5

Assignment 1 Essay

Assignment Submission Name: Kelly Halls Student Number: UK87971 Address: 17 Headford Avenue, St George, Bristol Postcode: BS5 8PD Course: Supporting Teaching and Learning in Schools (CACHE) Assignment Number: 1 Date Submitted: 24th August 2014 Number of pages: 6 Email: kelly-halls@hotmail.co.uk Kelly Halls/ UK87971/ Page 1 Assignment 1 Question 1. Summarise the main development of a child from the age range 0-2 years, 3-5…

Words 1637 - Pages 7

Sh46501 Task 1 Assignment 1

Text based Report page 1 Student name Kelly Williams –Hall Student number SH46502/ukoc Date 18/04/2015 Learning outcome Task 1 Assessment Criteria Assignment 4 My roles and responsibilities are: To safeguard children at all times Behaviour management where needed To supervise children inside and out To plan and prepare resources for activities to support all areas of development To support the class teachers where needed To support children in all areas of their development To be flexible in my…

Words 5823 - Pages 24