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PROJECT MANAGEMENT Definitions

A project is the way that an organization takes a risk.

"The planning, monitoring and control of all aspects of a project and the motivation of all those involved in it to achieve the project objectives on time and to the specified cost, quality and performance."
Source: BS 6079: 1996 Guide to project management

"Project Management is the process by which projects are defined, planned, monitored, controlled and delivered such that the agreed benefits are realised. Projects are unique, transient endeavours undertaken to achieve a desired outcome. Projects bring about change and project management is recognised as the most efficient way of managing such change."
Source: APM Body of Knowledge 5th Edition

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