The difference lies in the purpose of a business project versus other projects. A business project is a project specifically intended to achieve a business objective. For example, an IS or IT project may have as its obje
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The difference lies in the purpose of a business project versus other projects. A business project is a project specifically intended to achieve a business objective. For example, an IS or IT project may have as its objective implementing a new general ledger system. Because it is intended to achieve a business objective (the new general ledger system) it is a business project. A business may decide it needs to reorganize itself. The process of reorganizing is a business project. Or a business may decide it needs to do some marketing. The design and implementation of the marketing campaign is a business project.
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.
Glen Ford is an accomplished project management consultant, trainer and writer. He has over 20 years experience as a project manager in such diverse projects as Construction, IT, Software Development, Marketing and Business Startup. He is a serial entrepreneur who quite literally learned to be an entrepreneur at his great-grandfather’s knee.
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