A business plan is a written document that describes

Project Date : 2018 Project Type : Business Strategy Project Process : Completed Project

It should also provide at least an overview of the industry of which the business will be a part, and how it will distinguish itself from its potential competitors. I know it sounds strange, but a few days ago, one of my small business clients actually asked me, “What is a business project?” I found myself wondering how to answer that. After all, we’re all being bombarded with advice about projects.

The media is constantly filled with news of one project or another that fails. But they usually talk about major construction or municipal infrastructure projects. And then they try to justify business people learning about project management because of the construction failures.

There are three basic types of business project. The first is the strategic project. This type of project is focused on achieving objectives determined during the business planning or strategic process. A second type is the operational project. These are projects which are initiated for business reasons other than achieving a strategic objective. For example, a general ledger may have become obsolete.

So a business project is initiated in order to implement a new release of the general ledger. The third type is the repeating or operationalized project. These projects run so frequently that much of the regular project planning can be repeated.

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There are three basic types of business project. The first is the strategic project. This type of project is focused on achieving objectives determined during the business planning or strategic process. A second type is the operational project. These are projects which are initiated for business reasons other than achieving a strategic objective. For example, a general ledger may have become obsolete.

• The second key characteristic of a project is that of uniqueness.
• The product is always unique.
• The specific set of tasks that make up the project, are almost always unique.
• The tasks may follow a pattern.
• The tasks may be individually common.
• However, the arrangement of tasks and something
• The tasks will be unique to this project.

So a business project is initiated in order to implement a new release of the general ledger. The third type is the repeating or operationalized project. These projects run so frequently that much of the regular project planning can be repeated.