A project is a system which involves 1. project, sub-
project, activities & tasks. 

It will have the good integration with the other modules 
like MM, Fi/co, & PM modules.

A project is unique in nature and non repetetive in nature.
Aproject has start and end periods and a definite 
objectives.
In SAP PS
We have WBS elements along with the activities and duration.

Best regards,
R.Srinivasan

A PROJECT is a temporary effort to create a unique product
or service. Projects usually include constraints and risks
regarding cost, schedule or performance outcome.

It includes the Structures/Networks/Activities/Relationship
between the activities.




(Plzz inform me if it is a wrong answer)-Thanks

A Project is a temporary endeavour to deliver a product or 
service or result. It is unique and have definite start and 
end dates. It requires various resources to fulfil its 
purpose.

Projects are planned tasks with specific requirements.
They are generally complex,unique,involve a high degree of 
risk and with precise goals.
They are limited in duration and are cost and capacity 
intensive.

I hope Answer 2 is related to SAP PS. All others are PMP 
definition of Project. In SAP project is handled in various 
level. 

                Project
                   |
               WBS Element
                   |
               Network
                   |
                 TASK

based on the implementation one of his component assigned 
to the SAP transactions in various modules like FICO/ 
MM/SD/PM...
All the values in the project will be accoumulated and 
Projects will be settled later part to the Cost center.