9.2 Characteristics of a project

The characteristics of a project can be described as follows:

1. Unique: Projects are one-of-a-kind endeavors with a specific set of objectives and outcomes that differ from day-to-day operations.
2. Temporary: Projects have a defined start and end date, after which the project is considered complete.
3. Interdependent tasks: Projects involve a series of interrelated tasks that must be completed in a specific order to achieve project objectives.
4. Involve risk: Projects involve uncertainty and the possibility of failure, which requires risk management planning and execution.
5. Collaborative effort: Projects typically involve cross-functional teams and require collaboration and communication among team members, stakeholders, and customers.
6. Progress measured: Progress on projects is regularly monitored and measured against established goals and objectives.
7. Constrained by limited resources: Projects are often limited by available resources, including time, budget, and personnel, and require effective resource allocation and management.
8. Requires leadership: Effective leadership is essential for ensuring that projects are completed on time, within budget, and to the satisfaction of stakeholders.