A project
A) is a temporary endeavor undertaken to accomplish a unique product, service, or result.
B) is an ongoing activity that provides value to the organization.
C) must be completed on time and on budget to be successful.
D) does not usually have a deadline.
E) has a high likelihood of success.

Question

Quizplus · Accepted Answer

A project is defined as a temporary endeavor, meaning it has a specific start and end date, and is undertaken to achieve a unique outcome or deliverable. This makes it different from ongoing activities that provide ongoing value to the organization, such as operations or maintenance work. Also, the success of a project is not solely based on being completed on time and budget, but also meeting the project's scope, quality, and other objectives. Therefore, option A is the correct definition of a project.

A Project