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I don’t mean to be controversial but I think we may have got the formal definition of a project a little wrong. Projects are typically defined as temporary, unique endeavors with a finite start and finish. While I agree with this statement for the most part, the “unique endeavor” bit doesn’t sit well. Here’s why:
All projects, irrespective of type, are a summation of elements of scope that are brought to being through the expenditure of work or activities. We expend work and use resources (e.g. labor and materials) to achieve newly built scope. That scope then contributes to the overall asset value of the project.
Today, we plan projects using