HKSM
Project
A time-limited effort carried out to produce a distinct product, service, or outcome.
Key Points
- Has a defined beginning and end; it is not ongoing operations.
- Creates a unique deliverable (product, service, or result), not a repetitive process.
- Managed within constraints such as scope, schedule, cost, quality, resources, and risk.
- Closes when objectives are met, funding ends, or it is terminated early.
Example
A company runs a 9-month effort to implement a cloud-based CRM: gather requirements, configure the system, migrate data, train users, and go live. After acceptance and handover to support, the project is formally closed.
PMP Example Question
Which situation best represents a project rather than ongoing operations?
- Running monthly payroll for all employees
- Building a new branch office to enter a new market
- Monitoring server uptime and applying routine patches
- Answering daily customer service calls
Correct Answer: B — Building a new branch office
Explanation: It is a temporary effort with a defined start and end that delivers a unique outcome.
