In: Operations Management
Project- Project is an incredible open door for associations and people to accomplish their business and non-business targets all the more productively through actualizing change. Project assist us with rolling out wanted improvements in a sorted out way and with decreased likelihood of disappointment. Project vary from different sorts of work for example process, task, strategy. In the interim, in the broadest sense a venture is characterized as a particular, limited action that creates a noticeable and quantifiable outcome under certain preset necessities.
Characterstics of projects-
1- Not permanent- The project is not permanent it only there for certain period of time and after completion of the mission the project gets terminate.
2- Start for certain reason- Every project is start for certain reason such as providing products, services to their customers.
3- Dynamic eloboration- During the project various changes can be make to improve the upcoming part of the project.
The examples for projects are-
1- Developing new product and service- The project is started by coca cola company to launch their product in the market and target the audience.
2- Construction related work- The project is started by builder to make shopping complex and after completion of the work or shopping complex the project gets terminates.
3- Designing new car- The project is started to design new car to launch in the market and when the car got design the project got end or project got terminated.
4- Launching new business process- The company decided to launch its new business process so after the launch project gets terminated. This shows that project is not a permanent task it gets terminated after completion of the given task.