Increasingly, companies are turning to project-based work in order to forecast expenditures and drive specific timelines. Projects typically involve the completion of one or more deliverables (usually something tangible such as a document to be completed and delivered to a customer) that may be associated with a milestone (a significant event during the course of a project). In general, the purpose of a project is to change something in a way that will grow or improve a business or organization. Projects typically differ from normal day to day operations processes such as accounting, manufacturing, or customer services.
There are, however, numerous examples of project based work that blur the line between projects and operations. Examples such as: support services that vary due to unexpected surges in requests, on-demand requirements in the medical field and required recertification of equipment in the oil industry. These items will utilize project-based engagements in order to control and forecast costs.
Pelican Projects categorizes project-based work in vertical market specialties. Over the next few months, you will see additional vertical markets supported as we grow these specialized fields.