Project Classification 2025

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By type (new, maintenance, upgrade, strategic, tactical, operational)
There are three broad categories of projects to consider: Strategic Projects, Operational Projects, and Compliance Projects (Figure 1.1).
You define project classifications to group your projects ing to categories you define. A project classification includes a class category and a class code. The category is a broad subject within which you can classify projects. The code is a specific value of the category.
Here are the five main characteristics: Projects involve a distinct set of activities. Teams proceed with projects by carrying out a distinct set of activities. Projects have deadlines. Projects only last for a defined period. Projects always deliver a result. Projects pursue clear objectives. Projects are unique.
The project life cycle includes five phases: initiation, planning, execution, monitoring and control, and closure.
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Generally speaking, projects require five process groups initiating, planning, executing, monitoring and controlling, and closing. These are known as the PMBOK (Project Management Body of Knowledge) process groups.

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