project

project

Definition: A temporary organization, with people and
other assets, that is required to achieve an
objective or other outcome. Each project has
a lifecycle that typically includes initiation,
planning, execution, and closure. Projects
are usually managed using a formal
methodology such as PRojects IN Controlled
Environments (PRINCE2) or the Project
Management Body of Knowledge (PMBOK).
See also charter; project management office;
project portfolio.