Projects are a set or group of tasks designed to achieve a particular outcome or result. They might be internally funded or designed to make internal improvements or projects delivering results to an outside customer or client and paid for by that customer. Many professional services firms rely on billable projects as their primary means to make money from clients.

Projects are typically bound by a fixed number of resources or people working together, the start and end dates, the cost or budget (or for external client projects then the fees or customer's funds available) and the desired outcome. The extent and nature of the project's deliverables are normally called the project scope.

External projects are typically for one client or customer though joint funding is sometimes possible. In iBE.net projects have dates, a leader, goals, phases, resources, rates for labor, monthly, quantity or milestone-based deliverables, planned and actual costs, revenues, cost budget, funds and revenues and a list or hierarchy of tasks. You can also add comments, files and expense policies to an iBE.net project. They allow companies to measure their performance based on their actual vs. planned project schedules, costs and revenues.

Projects generally have a single leader, while it is common for many resources internal and external to collaborate on the one project. Projects can additionally be broken down into a work breakdown structure.

Large, expensive or complex endeavors are often split up into a series of related projects which are collectively called a program. So in general terms a program is a group of related projects. An on-going or long-running project can also be termed as a program. Programs typically are larger in scope, timeframe or cost and deliver greater long-term benefits as compared to projects.

Tags or project types can be used in iBE.net to group together projects into a program.

A project is a set of tasks which work together to deliver the project's desired outcome. Tasks are like projects in that they also deliver a desired outcome using a fixed set of resources, inputs and timeframe. However tasks are significantly smaller than projects and range from a few minutes to weeks in duration, and can normally be completed by one or a few resources working together.

Crucially a task is of sufficiently small scope that it can be accurately planned before it is started. While it is normal not to know precisely how a project will be delivered before it starts and for task details to evolve during the execution of the project, changing the scope, timeframe and cost of a task mid-delivery is considered bad management. Or it is a result of tasks that are too complicated in nature and perhaps should be treated as projects in their own right.