What is a business project?
A business project is a scheme or planned undertaking to deliver a specific holistic business outcome in a specified time. It is a one-off undertaking where the objective, scope of work, start date, end date, resources, skills cost and benefit can be clearly defined. It produces a series of deliverables to achieve its objective. It delivers a holistic business outcome and normally has full time dedicated staff assigned.
Modern business must run increasing numbers of business projects to stay up with changing markets and technologies.
Modern businesses need to be agile. They need to maintain their business as usual (BAU) and avoid disruption while they operate their business projects. Business projects that will innovate the business to keep up with ever-changing markets and technologies ensure that we continue to innovate and grow.