In practice most projects depend on finite or limited resources by which the objectives are to be accomplished. Projects are typically constrained by limited resources . A unique, novel and transient endeavor undertaken to achieve novel objectives and involving considerable risk and uncertainty . The ' system ' consists of a period of planning followed by a period of 'doing', and this system is repeated at every level of detail . These two 'periods' are the genesis of the project life cycle .
Project management is the process of managing the project process.
Each project is unique although similar projects may exist. Like the individual activity , the project has a distinguishable start and finish and a time frame for completion . Each activity in the project will be monitored and control led to determine its impact on other activities and projects. A temporary management environment which is created in order to achieve a part icular business objective through the control and co-ordination of logistical and technical resources . Please feel free to point to this document.