Project Identification
The
enterprise largely depend on the idea and success and failure of the firm
largely depend on the project (project is an idea or a seed that can grow as
big and successful for the enterprise ) Identification the product and working
on the product is important for the growth of the enterprise
Project
is a distinct mission that design to achieve understanding the project and
developing with in time budget consideration
The
completion of the project depend on
- A course of action
- Clear objectives
- Limitation ( Budget , time frame)
- Profit mark
Project Identification
Every enterprise have a question that
the which project to select meet the market demand (project have a market)
without knowing the project can’t determine the market. Project selection
should base on the demand in the market knowing the market that it easy to tell
the project market value
The
project selecting process start with the generation of project idea In order to
select the most promising project
(2)Recognizing
the market
(3)Market
potential to take new project or improving the old ones
(4)Analysis
the computation (heavy compaction kill the project)
(5)Market
share that the can be reached and dominated by the computer
(6)Government
policy
(7)Restriction
on the project , that are harm full
Project
selection start from where the project identification end the project idea
should be analyzed properly to meet the government and economic condition need
to successfully plan the idea to achieve
When
the project is selected
Can
the enterprise perform the project effectively
The
profit in the project measured in (net profit .Gross profit)
The
project life cycle
The
project should be measured with profit generation and the life cycle of the
project
Big project high risk on the
stake and they can’t be make profit if the life cycle is big
Small project can run long
with little cost
Selecting
a project should base on the project run and the profitability of the project
Life cycle of the project :
When the
project has been selected the life cycle of the project began from introduction
to planning Monitoring /controlling and eliminating of the project when the project has been completely finished
First Initiating of the project when the project has being to to take off after the
selection introduction with properly which help the project to get
recognizing with proper marketing
planning to take off successful
Planning the
project to meet the certain requirements to get the desired result plan should
be based on the budget time frame and the profit measure most of the time the
planning is ignored due to save time but planning logistically save time
Executing it
is the process where the project work began the work related to project realized
at these stage who to do and the work should meet the
requirement otherwise the plan should be revived
Monitoring & guiding it’s when the project is running the manager
remain in control and guide the project when there are facing problem change in the middle or meeting the time
frame is done in the monitoring
Closure is where the the closing stage of the
project closing stage is important
because many project don’t have clear finishing stage which creating the
project continue even the project is finished
