A project is a programme (type of plan) which can be thought in terms of planned actions integrated into a unity and designed to bring about a stated objective. It is a scheme for resources which can be analysed and appraised reasonably and independently. A project has following features:

  1.       A project activity is definable in terms of specific objectives such that each project contributes in some way towards the realization of organizational objectives.
  2.       Project activity is unique, infrequent and sometimes unfamiliar to the organization.
  3.       It is a complex activity in respect to independence of various tasks accomplishment.
  4.       Completion of the project at the right time with appropriate cost is necessary, because if it is delayed it may increase the cost.

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