A project is a timely limited undertaking in order to produce unique products, services or results. Important factors are defined start, defined end and usually limited budget, although they are not literally mentioned in the definition.
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Project Management as Success Factor for further internal Development
According to sophistication of project management, you can see how mature an organization is in executing their undertakings. Via further development of project management also the responsible managers and teams start to develop and consequently also the organization.