Projects have defined set of activities

Objectives: The goals expected to be achieved. There can be technical goals (develop new technology), legal or political goals (to meet governmental regulations), and/or business goals (beating or eliminating competition). These objectives should be measurable.

Scope: All the work required to deliver the product or result and satisfy the objectives for which a project was undertaken at a level of quality expected by the customer. The scope includes all the deliverables required to meet the project objectives.

Cost: The planned cost of conducting the project; it includes human and physical resources.

Time/Schedule: The planned time to complete the project, as well as the Milestones along the way

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