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== Overview == The word ''project'' comes from the [[Latin]] word ''projectum'' from the Latin verb ''proicere'', "before an action", which in turn comes from ''pro-'', which denotes precedence, something that comes before something else in time (paralleling the [[Greek language|Greek]] ΟΟΟ) and ''iacere'', "to do". The word "project" thus originally meant "before an action". When the [[English language]] initially adopted the word, it referred to a plan of something, not to the act of actually carrying this plan out. Something performed in accordance with a project became known as an "[[Goal|object]]". Every project has certain phases of development. Based on the [[Project Management Institute]], a project can be defined as a "temporary endeavor" aimed to drive changes in teams, organizations, or societies. The output of a project is normally a unique product, service, or result.{{sfn|Project Management Institute|2021}}{{rp|loc=Section 1.2}} Projects can be short-term or long-term. ===Cancellation=== Project cancellation is the termination of a project prior to its completion and generally includes the cessation of access to [[funding]] and other project resources. Project cancellation may result from [[cost overruns]], [[schedule]] overruns, changes in [[budget]], change or [[wikt:obviation|obviation]] of the [[goal]] of the project, [[political]] factors, or any combination of those and other factors. [[Contract]]s often stipulate the time and the manner in which a project may be cancelled. Contracted projects typically have a specified end date, when the contract may or may not be renewed; nonrenewal often has the same effect as cancellation but carries different legal ramifications.
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