1. Synonymous with program in general usage. 2. Specifically, a planned undertaking having a finite beginning and ending, involving definition, development, production, and logistics support of a major weapon or weapon support system or systems. A project may be the whole or a part of a program. Within the Navy, a Designated Project is a project which, because of its importance or critical nature, has been selected for intensified project management. 3. A planned undertaking of something to be accomplished, produced, or constructed, having a finite beginning and a finite ending.