From the course: Project Management Foundations

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Define project objectives

Define project objectives

From the course: Project Management Foundations

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Define project objectives

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- [Instructor] Once you define the project goal, you can flesh it out by identifying more detailed objectives. They help define the project scope, the approach you choose and the success criteria you have to meet. Business objectives, support your organization's goals. For example, increase market share to 25% or provide world class healthcare. Financial objectives are all about money. Think increasing revenue by 15% or cutting costs by 10%. Quality objectives specify how good results need to be. The hospital might want to decrease staph infections by 80% or decrease readmittance by 75%. Projects can also have technical objectives. These are similar to technical specifications for equipment. The hospital might want mobile equipment that can be used in the hospital, an ambulance or at a remote emergency site. There's also a catchall category called performance. Your project might need to finish by a specific date. The hospital has to use the government grants before they expire. Now…

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