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Characteristics of Project
Timeline: Every project is carried out for a definite period of time but not for indefinite time period. It has a starting date which tells when a
project is initiated and a closing date that shows when it will be completed fulfilling desired outcomes.
Resources: Project is provided with a limited amount of resources in terms of capital and manpower. It is the duty of project manager to
ensure that all resources are efficiently utilized so that they can easily fulfill the requirements of project.
Unique Deliverable: Every projects finally results in a unique deliverable that may be either a product, service or other form of result.
Proper analysis of problem is must before commencing a project so that its deliverables efficiently address the problem.
Tools: There are various tool which are employed by manager while performing tasks related to a project. Network planning techniques
such as Critical Path Method (CPM) and Program Evaluation and Review Technique (PERT), Gantt Charts are some of the tools used.
Progressive Elaboration: As the project work progresses, investigation and improvement is available on a continuous basis that leads to
more comprehensive plans. This repetitive planning process on the basis of investigations performed from time to time leads to better
control of project activities and ensure timely result.
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