Business projects include establishing business processes, scheduling production, and developing new products or migrating existing products to new markets. They require project managers to provide clear vision and goals during developmental phases when there are few immediate results. Many business projects are technology-focused and aimed at improving IT infrastructure, with stages including initiation, planning, execution, control, and closure.

4.  Business projects include anything that move
the business strategy in a forward direction.
This can include something as basic as
establishing a location for a certain business
process, or scheduling production or schedules
related to business processes.

5.  They are usually a big part of researching and
developing a new aspect of your business. This
can involve the development of a new product
or trying to migrate an existing product into
new markets. Since in the developmental phase
of any project there are not many immediate
tangibles, managing these projects involves a
lot of foresight and goal setting from the
project manager. It is up to the project manager
to give a clear vision for the road ahead for any
developmental project.

6.  These are among the most complex in any
business environment and are usually closely
married to Information Technology (IT)
processes. Many of these projects are aimed at
improving the IT infrastructure supporting the
entire organization. IT-based projects are
usually carried out in five key stages: initiation,
planning, executing, controlling and closing,
according to the Project Management Institute.