Project
A temporary organization that is created for the purpose of delivering one or more business products according to an agreed Business Case.
Impact
Projects are useful for significant step-changes (e.g., "Migrate to Cloud").
Weinto take
Projects are dangerous for software. They incentivize "Launch and Leave." The team works hard to hit the deadline, launches with tech debt, and then disbands, leaving the mess for Ops. We prefer long-lived Product Teams that have to live with the code they write.