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Managing Portfolios, Programmes and Projects

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Product and Service Design Innovation

Abstract

A project is a temporary undertaking to create a product, a service or more generally an outcome (PMBOK in A Guide to the Project Management Body of Knowledge, Project Management Institute, Newton Square, PA, 2013). The temporary nature of a project means, that its duration is limited in time, regardless of whether the outcome is positive or negative. In this context the project may end according to plan or may simply be cancelled prematurely. However, the outcome of the project, if successful, can lead to the creation of a lasting product or service, with social, economic or environmental implications, that in many cases last for centuries or even millennia.

Creating an aggregate project plan

gives direction and clarity to the overall development effort

and helps lay the foundation for outstanding performance

Wheelwright and Clark

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Correspondence to António Augusto Fernandes .

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Fernandes, A.A. (2023). Managing Portfolios, Programmes and Projects. In: Product and Service Design Innovation. Springer, Cham. https://doi.org/10.1007/978-3-031-12774-8_6

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  • DOI: https://doi.org/10.1007/978-3-031-12774-8_6

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