What are the characteristics of any projects?

According to PINTO, there are following characteristics of the projects:
  • Projects are ad hoc endeavors with a clear life cycle. 
  • Projects are building blocks in the design and execution of organizational strategies. 
  • Projects are responsible for the newest and most imporved products, services and organizational process. 
  • Projects provide a philosophy and strategy for the management of change.
  • Project management entails crossing functional and organizational boundaries. 
  • The traditional management functions of planning, organizing, motivation, directing and control apply to project management. 
  • The principal outcomes of a project are the satisfaction of customer requirements within the constraints of technical, cost and schedule objectives.
  • Projects are terminated upon successful completion of performance objectives. 


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