Projects
They are temporary in nature
Projects have definite start and end dates
At the end the team is disbursed
Projects deliver unique products / services
Projects are progressively elaborated
At the beginning we have very less insight into the project
As the project progresses, we gain more and more insight into the project
Projects are constrained by limited resources of Time, Cost & Scope
Projects are managed by Project Managers
Projects are considered as successful;
If they are completed on time and within budget
Met the scope
Achieved the business case
A project is a temporary endeavor undertaken to create a unique product, service, or result.
Key Characteristics
Temporary (has a start and end)
Produces unique outcomes
Progressive elaboration
Delivers value
Example
Building a solar power plant
Start: Project approval
End: Plant commissioned
A sub-project is a smaller, manageable component of a larger project, often outsourced or handled separately for efficiency.
Key Characteristics
Part of a larger project
Managed independently but aligned
Helps in complexity management
Example
In the solar plant project:
Sub-project 1: Land acquisition
Sub-project 2: Panel installation
Sub-project 3: Grid integration
Programs
A program is a;
Collection of inter-related projects
When done together gives more value than doing them one after the other
Programs are managed by program managers
Project managers of the individual projects which are part of the program reports to the Program Manager
A program is a group of related projects, managed in a coordinated way to obtain benefits not available from managing them individually.
Key Characteristics
Focus on benefits realization
Projects are interdependent
Centralized coordination
Example
Renewable Energy Expansion Program:
Project A: Solar plant
Project B: Wind farm
Project C: Battery storage system
Managing them together:
Optimizes resources
Aligns with strategic goals
Maximizes long-term benefits
Operations
Operations are;
Ongoing in nature
Deliver standard products or services
Constrained by limited resources of time and cost
Managed by operations managers
Operations are ongoing, repetitive activities that sustain the business.
Key Characteristics
Continuous (no defined end)
Repetitive processes
Focus on stability and efficiency
Standard products or service as output
Example
After the solar plant is completed:
Daily electricity generation
Maintenance of panels
Billing and customer management
These are operations, not projects.