In addition, temporary does not generally apply to the product or service created by the project. Projects may often have intended and unintended social.,economic, and environmental impacts that far outlast the projects themselves . Most projects are undertaken to create a lasting result. For example, a project to erect a national monument will create a result expected to last centuries. A series of projects and/or complementary projects in parallel may be required to achieve a strategic objective. Temporary means that every project has a definite beginning and a definite end. The end is reached when the project's objectives have been achieved, or when it becomes clear that the project objectives will not or cannot be met, or the need for the project no longer exists and the project is terminated . Temporary does not necessarily mean short in duration; many projects last for several years. In every case, however, the duration of a project is finite; projects are not ongoing efforts. One aspect of the procurement concept area is administrative closeout. administrative closeout is different from the technical aspects of closeout because administrative closeout pertains to the closing down of the activities on the project. Closing out a project includes task such as budget auditing, inspection and final approval, sign-off on a subcontractor' s contract, archiving documents for long-team storage, and project turnover. Project managers must ensure that there is legal closeout of their project before its final turnover. Contract administration includes the activities to start the engagement process between two parties and manage it throughout the project until closure. After the project is completed, contract administration includes the activities to formally accept and close the contract. Third parties (we need them but no authority): A third party is anyone else except the user (first party), our organization (second part). It is most risk if contractors, or other departments or ministries. You can usually make a project for faster by adding more people or using better tools. These all cost extra money. But to make a project go 50% faster, you usually have to spend 100% more money on it.
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In addition, temporary does not generally apply to the product or service created by the project. Projects may often have intended and unintended social.,economic, and environmental impacts that far outlast the projects themselves . Most projects are undertaken to create a lasting result. For example, a project to erect a national monument will create a result expected to last centuries. A series of projects and/or complementary projects in parallel may be required to achieve a strategic objective. Temporary means that every project has a definite beginning and a definite end. The end is reached when the project's objectives have been achieved, or when it becomes clear that the project objectives will not or cannot be met, or the need for the project no longer exists and the project is terminated . Temporary does not necessarily mean short in duration; many projects last for several years. In every case, however, the duration of a project is finite; projects are not ongoing efforts. One aspect of the procurement concept area is administrative closeout. administrative closeout is different from the technical aspects of closeout because administrative closeout pertains to the closing down of the activities on the project. Closing out a project includes task such as budget auditing, inspection and final approval, sign-off on a subcontractor' s contract, archiving documents for long-team storage, and project turnover. Project managers must ensure that there is legal closeout of their project before its final turnover. Contract administration includes the activities to start the engagement process between two parties and manage it throughout the project until closure. After the project is completed, contract administration includes the activities to formally accept and close the contract. Third parties (we need them but no authority): A third party is anyone else except the user (first party), our organization (second part). It is most risk if contractors, or other departments or ministries. You can usually make a project for faster by adding more people or using better tools. These all cost extra money. But to make a project go 50% faster, you usually have to spend 100% more money on it.