Projects Defined. A project is a one-time or infrequently occurring operation with a unique goal, limited lifespan, and limited resources. Although project managers rely on basic concepts from the field of operations management, projects present special types of operations because of their uniqueness, limited lives, constraints, and uncertainties. Projects represent an increasing percentage of the activities of most organizations because of shortened product lifecycles, rapid introduction of new technologies, hypercompetitive business environments, escalation in global trade, changes in supply chain structures, increasing need to update IT systems, and numerous other factors.
Link with Technology. Technology professionals, including product developers, scientists, engineers, IT professionals, and their stakeholders, spend large percentages of their time in project work, creating new products, providing support for technology enabled projects, or for projects completely centered around technologies. (This is not to say, however that all projects in which you may become involved will have technology components.).