What do you mean by the term of the project ?And how do classify project for academic purpose
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Explanation:
A project is an economic activity with a well-defined objective with certain durations and gains to entrepreneurs hence project cannot take place at a single level it is classified majorly at 3 different levels. These are formulated by a government
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Question -
☞What do you mean by the term of the project ?
Answer -
- A project is defined as a sequence of tasks that must be completed to attain a certain outcome. According to the Project Management Institute (PMI), the term Project refers to ” to any temporary endeavor with a definite beginning and end”. Depending on its complexity, it can be managed by a single person or hundreds.
Question -
☞How do classify project for academic purpose ?
Answer -
→ There are many ways to classify a project such as:
- By size (cost, duration, team, business value, number of departments affected, and so on)
- By type (new, maintenance, upgrade, strategic, tactical, operational)
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