What is a Project?

Somtochukwu

A Project is a set of objectives to be embarked upon. There are examples of projects which are Financial Project, Educational Project, etc.

A project is accomplished by performing a set of objectives. The construction of a house is a project. House construction consists of many activities such as;

  • Digging of foundation pits.
  • Construction of foundation
  • Construction of walls
  • Construction of roofs
  • Fixing of doors and windows
  • Wiring, etc

The World Bank defines a project as a set of interrelated expenditures, actions and policies designed to achieve a country’s specific objectives for economic and social development within a specific time period.

Little and Mirrless defines a project as any scheme or part of a scheme for investing resources which can be easily reasonably be analysed or evaluated as independent units.

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Somtochukwu

Visionary Leader and Development Economist in Nigeria. CEO at Bufiredd Economic Consults Ltd
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