chapter  1
16 Pages

Projects and Time

A project can be thought of as the allocation of resources directed toward a specific objective following a planned, organized approach. Almost all companies and agencies carry out major work as projects. Projects are shaped by their environment in society, culture, time, regulation, and technology. Organizations carry out multiple projects at a time. Critical issues are how to manage resources across projects and non project work, how to ensure result quality and schedule and budget performance, and how to improve project management through lessons learned.