Goods

The term goods is one that has been around for a long time and has always had the same general meaning. Goods refers primarily to any item, resource, or product that can be possessed, utilized, and or manufactured for any reason. Traditionally, goods have some sort of inherent value. IN terms of project management, goods can refer to the ultimate deliverable in the event the project refers to the manufacture of a particular product or item, that product or item can ultimately be referred to as the goods that will be provided at the conclusion of the project. Goods can also refer to the particular items that may be procured by the project management team for the purposes of advancing the project along the course of its life. This can involve office equipment, as well as smaller more menial types of items such as office supplies and the like, Goods may be purchased or may be rented, and goods can be valued in a wide range although that said they should in fact have some sort of inherent value associated with them.

This term is defined in the 3rd edition of the PMBOK but not in the 4th.

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