The Power of Enterprise-Wide Project Management

10.6. Project Management Processes: Model #5

Almost all executives and managers generally understand the concept of a project in the form of developing a new product, implementing reorganization, improving a production process, and so on. In the context of integrating business management with project management, a project is either all of, or a specific component of, a selected business objective necessary to attain that objective. As with portfolios and programs, a project (specific business objective) is usually accomplished with limited resources, which include time and funds. The management goal is to produce the desired results that will create the project deliverables and meet the project’s business objective. In most business management ...