The elements of a project

• A definable end result, output, or product, which is defined in terms of the cost, the quality and timing of the output from the project activities.
• Many different tasks are required to be completed to achieve a project’s objectives.  The relationship between all these tasks can be complex, especially when the number of separate tasks in the project is large. 
• A project is usually a ‘one-off”, not a repetitive undertaking.
• All projects are planned before they are executed and carry an element of risk.
• Projects have a defined beginning and end, once the temporary concerntration of resources have contributed to the project objectives, these resources are redeployed.
• The resource needs for a project change during the course of its life cycle.