Project Definition : What is a Project, Project constraints and Its Characteristics

What is a Project

If you wonder what is a project? then in this article, you are going to specifically learn what those things exactly are. 

Even in our daily lives, we set goals or tasks for ourselves that we want to fulfill. We call them our arrangements, plans, or projects. But what exactly is a project, its management, its lifestyle, its completion, and projection? 

A PMP certification course will highlight all the details about a project and make you a professional project manager. 

Project definition includes our efforts or initial potential that we put in anything to derive it from beginning to an end. It is a well-specified and programmed game of inputs and outputs that leads to a certain and pre-planned outcome. Under a project, we change and manipulate things or circumstances as per our desires but only to a certain extent and only for a small interval of time. 

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Characteristics of a Project

• A project is only a process, not a business deal. 
• A project is centered around a certain person's desires. It is for a customer. 
• It is for a temporary duration that involves a beginning and an end. 
• It has requirements of its own within its limits. 
• It is a one-time deal or endeavor. It is not continuous or something that keeps on happening. 
• A project can be cross-functional, or indeed cross-organization. Meaning, it can be worked upon by a person or an organization. 

The nature of a project can be defined easily by implementing two basic factors that make a project in the first place. 

• The first is it's being temporary. To determine this factor, a project must have an ending point or period. It should be temporary, like a process that is deemed to end at some point, not like a business venture that keeps going on and on. 
• Secondly, its uniqueness. A project must have a unique quality of its own that separates it from others. It brings forth the mentality and true purpose behind the project.

Also Read: Types of Projects in Project Management

Project Constraints

After learning about what is a project, now know about the project constraints. These are the factors that limit, restrain or dominate the outcomes of projects. These dictate the overall result or success of a project. These constraints are completely dependent on one another. Resonance or change in one of the constraints is very much likely to produce changes in others. The main constraints that alter the outcome of a project are:

Also Read: What Is Agile Project Management

• Time constraint: It refers to the project's schedule of completion, deadlines, monitoring, scheduling, control, date of delivery, and duration quality of a project. 
• Scope constraint: The scope or final vision of a project should be known. It involves clear documentation, requirements, review, approval, rejection, and effective communication involving a project. 
• Cost constraint: A project involves many variable and definite costs. It involves materials, permits, labor, resources, data, and financial impacts. 

Also Read: Project Monitoring and Control

• Risk constraint: A project must be prepared for each outcome it might have to face. It should be able to overcome each risk it faces. It involves all significant courage and cautions that must be taken to ensure its success. 
• Benefit constraint: Before starting a project, one must be aware of the areas in which this project will result in success. It involves losses, changes, damages, or rising costs.
• Quality constraint: Quality stands at the peak of every project. This controls the rise and fall of other constraints. This is what dominates the outcome of a project majorly and sets up the main base of a project. 

Also Read: Enterprise Environmental Factors in Project Management

Project Lifecycle

Project Management lifecycle involves phases from beginning to the end of a project. These are more likely the basic procedures one must follow to set up a proper project. It has five main phases which are as given below:

Also Read: What Is Project Management

• Initiation: This is the originating phase of the project lifecycle. This is where the measure of the value of a project takes place. It includes documentation, estimation of potential, financial benefits, studies, and goals. 
• Planning: A project requires a solid plan or guidance rule that it needs to be guided on. Its losses, changes, damages, or rising costs. It gives direction for producing quality outputs, handling risk, creating acceptance, communicating benefits.
• Execution: This step is the one that is linked to project management. Execution relies on the planning phase. The work and efforts during the execution phase are derived from the project plan. This is an outcome or result of project planning. 
• Monitoring and control: This is the phase that looks over the execution of a plan in a project. This is what guides project management. This is what helps keep a project ongoing and in constant motion. 
• Closure: A project is closed when the outcome or result of a project is delivered. This allows the evaluation and documentation of the project and move on to the next one.

Also Read: Project Management Roles And Responsibilities

Nowadays, there are a lot of PMP online training programs a person can opt to achieve great heights in this particular area. 

Also Read: Creative Project Manager

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Also Read: Project Follow-Up

What is a Project in Project Management?

Project management is the execution of processes, methods, skills, knowledge, and experience to achieve specific project results within agreed parameters. Project management is what looks over the complete lifecycle or all the phases of a project. This is what acts as a guiding hand of light throughout a project and helps us in achieving desired outcomes. 

Also Read: Benefits Of Project Planning

Project Management Professional

Also Read: Project Management Frame Work

Project Management Professional is an internationally recognized professional designation, position, or preposition offered by the Project Management Institute. PMP demonstrates the experience, education, skill, and efforts required to lead and direct projects. This is the most sought out person to lead a project.  

The PMP certification is the globally recognized credit in project management. Project certification is what leads a person to be a Project Management Professional. 

Also Read: Project Manager Qualification

Conclusion

PMP course is the recognition of a person in Project Management Institution (PMI). In short, a project is a set of rules and regulations that a person is needed to follow to achieve a particular outcome. Like any other process, it has its procedures and steps that can lead a project to success. But unlike any other, this is a game of planning and its perfect execution. Someone who has these two in their grasp to more than likely to achieve great heights in this, register for a PMP course with StarAgile and become a master in understanding what is a project