| What is a project? |  |  | 
				
					|  | A temporary undertaking that... 
 
								
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 | has a specific goal that can be clearly defined (it is therefore ad hoc) |  |  
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 | occurs within a defined timeframe (specific starting date and final date)   |  
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 | has a defined budget  |  
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 | is executed by a specific team  |  All elements of the project are...
 
								
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 | interdependent  |  
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 | a logical entity   |  
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 | well-considered and detailed |  |  |  | 
				
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					| What is project management? |  |  | 
				
					|  | A dynamic process during which the focus is on: 
 
									
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 | achieving defined goals  |  
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 | within a specific timeframe  |  
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 | within a specific budget  |  Techniques to:  
									
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 | carry out the project plan  |  
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 | adhere to or remain within the project plan  |  |  |  | 
				
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					| How does a project differ from daily work?  |  |  | 
				
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								| Project | 
 | Daily work |  
								| Unique | Repetitive |  
								| Usually not routine  | Routine tasks |  
								| Ending | Continuous |  
								| Change | Status quo |  
								| Crossing divisions | Within divisions |  
								| Varying resources  | Fixed resources |  |  |  | 
				
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					| How does a project differ from a business plan?  |  |  | 
				
				
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								| Project | 
 | Business plan  |  
								| Establishing something new  | Starting a new business |  
								| Unique | Continuous |  
								| Shorter term | Long term |  
								| Using money |  Generating money  |  |  |  | 
				
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 | Read more about business plans... |  |