Please provide feedback and reaction to discussion below. A project is a “temporary activity launched for a specific purpose, to carry out a particular objective” (Wallace, 2020, p. 354). Projects are generally special and specific to a certain task. They also can contain many complicated or long-term steps that are needed to complete the project. In a project, steps and tasks are not always straight to the point. Because projects are unique, there are constraints to be followed. These constraints are forces that consists of time consumption, costs and budgets, and scope (Wallace, 2020). These forces work hand in hand and affect each other differently.  A process is different from a project and generally less complicated. While projects contain complicated and elongated steps, processes are usually shorter and straight to the point. A process “is a series of events designed to deliver a product or service that is repeated over and over” (Wallace, 2020, p. 354). In order to keep the process of doing something simple, adjustments are able to be made to keep efficiency, predictability, and costs as effective as possible for the underlying activities (Wallace, 2020).  The difference between a project and business process is the focus. Projects tend to focus on a single event or issue when needed. A project is set up when change is needed in order to add value to a company or area (Wonjo, 2022). A business process focuses on a reoccurring set of procedures that are used to achieve a result. There are often times where projects and processes overlap each other. In fact, in project management there is a process that is used to complete the project. This process includes steps such as initiating, planning, executing, monitoring and controlling, closing (Wallace, 2020). A failed project is a project that doesn’t meet its planned goals or is not completed on time or fails to stay with its budget (Sydle, 2022). Projects can fail due to a large number of different factors. These factors include lack of support and involvement, requirements and roles to be unclear, technical difficulties, poor efforts in communication, and unrealistic deadlines (Wallace, 2020). Although not all problems can be completely avoided, there are ways to work around difficulties in order to avoid complete failure. While creating goals and objectives, it’s important to keep them clear and achievable. Understanding any and all software that is being used is also key to avoid confusion. Clarity is the biggest tool for success in a project.

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Please provide feedback and reaction to discussion below.

A project is a “temporary activity launched for a specific purpose, to carry out a particular objective” (Wallace, 2020, p. 354). Projects are generally special and specific to a certain task. They also can contain many complicated or long-term steps that are needed to complete the project. In a project, steps and tasks are not always straight to the point. Because projects are unique, there are constraints to be followed. These constraints are forces that consists of time consumption, costs and budgets, and scope (Wallace, 2020). These forces work hand in hand and affect each other differently. 

A process is different from a project and generally less complicated. While projects contain complicated and elongated steps, processes are usually shorter and straight to the point. A process “is a series of events designed to deliver a product or service that is repeated over and over” (Wallace, 2020, p. 354). In order to keep the process of doing something simple, adjustments are able to be made to keep efficiency, predictability, and costs as effective as possible for the underlying activities (Wallace, 2020). 

The difference between a project and business process is the focus. Projects tend to focus on a single event or issue when needed. A project is set up when change is needed in order to add value to a company or area (Wonjo, 2022). A business process focuses on a reoccurring set of procedures that are used to achieve a result. There are often times where projects and processes overlap each other. In fact, in project management there is a process that is used to complete the project. This process includes steps such as initiating, planning, executing, monitoring and controlling, closing (Wallace, 2020).

A failed project is a project that doesn’t meet its planned goals or is not completed on time or fails to stay with its budget (Sydle, 2022). Projects can fail due to a large number of different factors. These factors include lack of support and involvement, requirements and roles to be unclear, technical difficulties, poor efforts in communication, and unrealistic deadlines (Wallace, 2020). Although not all problems can be completely avoided, there are ways to work around difficulties in order to avoid complete failure. While creating goals and objectives, it’s important to keep them clear and achievable. Understanding any and all software that is being used is also key to avoid confusion. Clarity is the biggest tool for success in a project. 

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