Projects have a clearly defined objective which must be achieved in a set amount of time and cost. At the end, the project will have produced the pre-defined deliverables. The deliverables are for the project customer and are created by the project team, under the guidance of the project manager.
Projects have five dimensions that can be flexed the scope, the quality, the time, the cost, and the level of risk taken. Be prepared to think about the optimal balance between these dimensions before you start your project.