Project Attributes

Bill Carmody discusses five key attributes of a project: having a definitive start and end point, a funded budget, the ability to create a prototype, making instant changes and benefits, and understanding the project life cycle steps. These attributes help in defining the needs and outcomes of a project.

What is a key characteristic of a project in terms of its timeline?

• It has no specific timeline.

• It is ongoing indefinitely.

• It has a definitive start and end point.

• It starts but never ends.

Why is it important for a project to have a capitalized budget?

• To make the project more expensive.

• To ensure the project is proposed.

• To allow the project to move forward with funding.

• To delay the project start.

How is a prototype related to a project?

• It is considered a project when intended for mass production.

• It is unrelated to projects.

• It is a separate entity from projects.

• It is only a concept, not a project.

What is essential for a project to be successful in terms of benefits?

• Benefits should be unclear.

• Instant changes and clear benefits should be visible.

• It should have no benefits.

• Benefits should be hidden.

Why is understanding the steps in a project life cycle important?

• To make the project more complex.

• To ignore the project needs.

• To confuse the stakeholders.

• To clearly define project needs and outcomes.