Scribd
Upload
11 views

Assignment

Uploaded by

tsegayealamirew2016
Copyright
© © All Rights Reserved
Available Formats
Download as ODT, PDF, TXT or read online on Scribd
11 views

Assignment

Uploaded by

tsegayealamirew2016
Copyright
© © All Rights Reserved
Available Formats
Download as ODT, PDF, TXT or read online on Scribd
You are on page 1/ 4

1.

However, I can provide some examples of common types of projects that


organizations often undertake, which could potentially be applicable to various
locations:
1.Construction Projects:
Building residential, commercial, or industrial facilities
Infrastructure development, such as roads, bridges, or transportation
systems
Renovations or expansions of existing buildings
2.Information Technology (IT) Projects:
Enterprise resource planning (ERP) system implementation
Custom software development
IT infrastructure upgrades or migrations
3.Research and Development (R&D) Projects:
New product or technology development
Scientific research initiatives
Pilot studies or experiments
4.Organizational Change Projects:
Business process reengineering
Mergers and acquisitions integration
Organizational restructuring or transformations
5.Marketing and Branding Projects:
Rebranding campaigns
New product or service launches
Digital marketing initiatives
6.Compliance and Regulatory Projects:
Implementing new industry regulations or standards
Updating internal policies and procedures

2 A. Quantifiable projects are those in which a plausible quantitative assessment of benefits


can be made and
Non-Quantifiable projects are those for which such an assessment is not possible. Project
related to industrial development, power generation, mineral development etc.
B. High Technology Project or “High Technology Program” means a project or program which
requires or provides technological knowledge and skill, usually acquired through, or associated
with, formal post-secondary education, instruction, or research in such fields as mathematics,
science, and engineering.
Conventional technology options may lead to commercially viable gas-to-liquids (GTL) projects
which are very large, have favorable site specific factors or very low natural gas costs. New and
lower cost technology will be required to enable GTL to be broadly useful for remote gas
monetization as a liquid fluid Air Products and Chemicals,
C. Directly productive activities include those investments which lead to direct increase in the
supply of goods and services. Investment in DPA means investment in private sector which is done
with a view to maximize profit. In those projects, investment is made first where high profits are
expected.
Indirectly productive activities In our accelerated world (VUCA) everybody tells that we have to
focus on the indirect, white collars productivity as well. I was thinking about that what would be the
most valuable things in our business life? Of course our time is our capital because it depends on
our decision that how do we want to use it.

3. Techno-Economic Projects
Projects are sometimes classified on the basis of their techno-economic characteristics. Three main
groups of classification can be identified here:
A. Factor Intensity-oriented classification: On the basis of this classification, projects may be
classified as capital-intensive or labor-intensive depending upon whether a large-scale investment in
plant and machinery or human resources is involved.
B. Causation-oriented classification: Here projects are classified as demand-based or raw materials
based projects – depending on the non – availability of certain goods or services and consequent
demand for such goods or services or the availability of certain raw materials, skills, or other inputs
as the dominant reason for starting the project.
C. Magnitude-oriented classification: In this, the size of investment forms the basis of
classification. Projects may thus be classified as large-scale, medium-scale, or small-scale projects
depending upon the total project investment.

4. Different types of project

● Strategic Projects involve creating something new and innovative. A new


product, a new service, a new retail location, a new branch or division, or even a
new factory might be a strategic project because it will allow an organization to
gain a strategic advantage over its competitors.
● Operational Projects improve current operations. These projects may not produce
radical improvements, but they will reduce costs, get work done more efficiently, or
produce a higher-quality product.

● Compliance Projects must be done in order to comply with an industry or


governmental regulation or standard. Often there is no choice about whether to
implement a project to meet a regulation, but there may be several project options to
consider, any of which would result in meeting compliance requirements.

5. Attributes of a good project manager and evaluation


• Leadership skills
• Communication skills
• Problem-solving skills
• Delegation skills
• Enthusiasm
• Team-building skills
• Integrity
• Competence

6. Project Analysis, Project Management, and Project Evaluation are the three key
components of the overall project life cycle. Let's dive into each of these elements:

1. Project Analysis:
- Involves the initial assessment and planning of the project
- Includes activities such as:
- Defining the project scope, objectives, and requirements
- Conducting feasibility studies and risk assessments
- Developing the project plan, including the schedule, budget, and resource
allocation
- Identifying stakeholders and their needs
- Determining the appropriate project management methodology and tools

2. Project Management:
- Focuses on the execution and control of the project
- Includes activities such as:
- Assembling and leading the project team
- Coordinating and monitoring project activities
- Managing project scope, schedule, and budget
- Communicating with stakeholders and addressing their concerns
- Identifying and mitigating risks
- Ensuring project quality and compliance

3. Project Evaluation:
- Examines the performance and outcomes of the completed project
- Includes activities such as:
- Measuring the project's success against the defined objectives and success
criteria
- Assessing the project's overall efficiency, effectiveness, and impact
- Identifying lessons learned and areas for improvement
- Documenting the project's outcomes and sharing the results with stakeholders
- Determining the project's return on investment (ROI) or cost-benefit analysis

The relationship between these three elements is iterative and interdependent:

- Project Analysis provides the foundation for the project by defining the project
scope, objectives, and plan.
- Project Management focuses on the execution and control of the project, ensuring it
is delivered according to the plan.
- Project Evaluation assesses the project's performance and outcomes, providing
valuable insights for future projects and continuous improvement.

You might also like