A project is one-time, multitask job that has definite starting and
ending points, a well-defined scope of work, a budget, and a
temporary team that will be disbanded once the job is finished.

- A project is also a problem scheduled for solution.
- Project management is facilitation of the planning, scheduling, and
controlling of all activities that must be done to achieve project
objectives.
- All projects are constrained by performance, time, cost, and scope
requirements. Only three of these can have values assigned. The
fourth must be determined by project team.
- Projects tend to fail because teams do not take time to ensure that
they have developed a proper definition of the problem being solved.
- The major phases of a project include concept, definition, planning,
execution, and control, and closeout.