ProjectManagement Framework
Project is a
- Temporary Endeavor with definite beginning and end.
- Creates a unique product or service or result
- Is progressively elaborated
Design of a new Automobile
Construction of a bridge
Developing software system for a bank
Examples of Activities which are not considered as projects
Ongoing manufacturing of automobiles
Manufacturing of bricks for construction
Fixing a production issue by updating a table
Similiarity between project and operational activities
Consumes resources, Will be managed, produces output
Differences
Operational activities are repetitive and doesn't produce unique products
Operational activities are usually on-going with out a fixed end date.
Remember : Duration of a project can be long or short, also the product it produced may not have a fixed end date.