A summary

Overall, project characteristics are obtaining goals in an uncertain environment, with the purpose to create value, where goals have to be S.M.A.R.T formulated. However, if a goal-seeking project, initially a vision or overall direction is used. Goal-seeking projects are characterized by problem-structuring and goal-oriented projects of focusing on problem-solving.

Needs and expectations from stakeholders are the basis for project requirements, i.e. something that the project has to comply to. An understanding of different stakeholders’ needs and expectations is therefore of great importance when it comes to project success.

The main responsibility for the project manager is to achieve the project goals, and for the steering group to make sure that the project obtains the impact goals. A tollgate implies a point in time when the steering group evaluates project progress and makes decisions about the project continuation. A milestone is a major work package or achievement, used by the project team in planning and monitoring progress.