Project -is a temporary endeavor undertaken to accomplish a unique purpose. • A project has three key characteristics: (i). Temporary - It must have a beginning and an end. (ii). Unique - thus producing a unique deliverable. In other words, the project must never have been done before, and it must have a well-defined purpose. (iii). Progressively elaborate - that development occurs in steps and then continues in small increments, adding features and definition. Project management -is the application of knowledge, skills, tools, and techniques to project activities in order to meet or exceed stakeholder needs and expectations from a project.