The document discusses the key attributes and characteristics of projects. It defines a project as a temporary endeavor undertaken to create a unique product or service. Projects have finite start and end dates, deliver unique results, and involve progressive elaboration and planning. Projects require resources from various areas and a primary customer or sponsor. They also involve uncertainty. Projects differ from day-to-day jobs in having definite beginnings and ends, and are constrained by scope, time and cost. Other factors that can affect projects include incomplete requirements, lack of user involvement, insufficient resources, unrealistic expectations and changing needs.