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