1. Specific Objectives: The three generic objectives of a project are
a) Time-determined by the schedule of activities
b) Cost-determined by the budget
c) Quality-determined by the specification of customers
Projects should meet the requirements/specifications of the stakeholders. Stakeholders
include:-beneficiaries, finances, implementers, victims of the project. (if mining have 2
displace some people)
2. Limited Life Span i.e. it is temporal
3. Single Entity i.e. it is a stand alone. It comes up to specific product.
4. Relies on Teamwork: Implemented by teams
5. Follows a Specific Life Cycle
6. Unique i.e. no to projects i.e. the same. Even when undertaking a similar project,
the achieve project provides a template.
7. Keep Changing i.e. projects keep changing depending on circumstances. Thus they must be adaptable.
8. Projects Are Made To Order: Unlike operations where one produces and then look for customers.
9. Have High Level of Risk and Uncertainty
Steve ju answered the question on October 11, 2018 at 18:27
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