project
The word 'progetto' in Italian translates to 'project' in English. In Italian, it is used in the same context as 'project' in English, referring to a planned set of interrelated tasks to be accomplished over a fixed period and within certain cost and other limitations.
I am working on an important project
This sentence is using the word 'progetto' to mean a task or assignment one is presently working on, specifically characterizing it as important in this context.
The project was approved by the board
In this example, the term 'progetto' is used to refer to a plan or proposal that has been formally accepted or sanctioned, in this case, by a group of decision-makers known as the board.
We need more funds for this project
This phrase uses 'progetto' to indicate a specific enterprise or undertaking that requires more financial resources for its execution.