What is a Project?Kate OlderMGT/437August 28, 2013Christine Thigpen
Running head: WHAT IS A PROJECT
WHAT IS A PROJECT
What is a Project?ProjectA project is a task with a predefined starting date and a deadline. A good project planning has a clear aim, defined budget, expectation of performance all set up of a detailed plan of action. The difference between a project and a program is the time duration (Korzner, 2009). The first phase of project is to define the scope and goal. Without these two essentials elements will result in a disorganized state of the team members. They will not have clear course of action to follow or where they are headed. Loss of time, which is vital in projects limitations of deadlines, will cause disturbance and panic. This is why measurable goal should be made for each and every phase. This in return gives team members a clearly defined path of their projected outcome. It also acts as a feedback tool as team members can compare their current state with their future state and take corrective actions accordingly. Each team member should be familiar and informed with all the changes and goals of their project. They should be given a set of instruction that they need to follow which should include a complete package of what tools to use in which situation. Timeline for each and every phase should be closely monitor. If one phase exceeds the timeline specified then compensation should be made by adjusting other phase.Every stage regarding the planning and development of a project should have a specified role. Clear allocation of roles and listing of their duties will make each stage performance effective. A line of chain of command stretching from the top managers to the lower managers can easily supervise the lower department. Keeping in mind the expenses that will be encountered at every stage therefore a budget need to be created.Project Life CycleA project cycle deals with the different stages a project goes through to reach its completion. It also includes a set of activities that you will encounter before the project is accomplished. It involves the presence of many outside factors that can have direct effect on the performance of a project life cycle such as competitors, the cost structure and customer response but the main internal factor is the person who manages the project. Each project goes through the same phases of the life cycle but the only difference is the amount time allocated for each phase. It is important to break down a project into different phases so the project manager and its members can effectively plan and organize resources for each task and are able to measure the goal and decide accordingly where to go ahead or take corrective actions.The first phase is called initiation and is characterized as the phase in which the scope of the project is defined along with main approach to get the desired outcome. According to Kerzner, the "most important in this phase is a preliminary analysis...