INTBUS 6 Lecture Notes - Lecture 27: Project Management Institute, British Standards, Prince2

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Week 1 - introduction to projects and project management. Fixed duration, array of interlinking activities, definable benefits, achieve change. Managing them is an art and science. Vital to define what is and what is not a project and project management ( a profession with a career path) Projects represent significant parts of all business/economic activity, they are important to individuals, organisations and society. Projects are unique, transient endeavours undertaken to achieve a desired outcome . A project is a temporary endeavour undertaken to create a unique product, service or result project management institute, 2004. A unique set of coordinated activities, with definite starting and finishing points, undertaken by an individual or organisation to meet specific performance objectives with defined schedule, cost and performance parameters british standard 6079, 2000. A project is a temporary organisation that is created for the purpose of delivering one or more business products according to an agreed business case prince2, 2010.

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