After reading this article you will learn about:- 1. Meaning of Project 2. Types of Projects 3. Organisation 4. Cost Estimating and Budgeting 5. Planning and Scheduling 6. Controlling Progress and Costs. Meaning of Project: If there is one single quality which sets a project apart from routine commercial or industrial operations, it is its novelty. No two projects are [...]
Installing a project passes through different phases depending upon the type type of project. For the purpose of study let us consider that a project passes through following phases: 1. Project Identification 2. Project Preparation or Formulation 3. Project Appraisal 4. Negotiations 5. Project Approval 6. Project Planning 7. Project Implementation. Phase # 1. Project Identification: First phase of the [...]
This article throws light upon the five main phases involved in project life cycle. The phases are: 1. Project Identification Phase 2. Formulation Phase 3. Detailed Project Planning Phase 4. Project Implementation Phase 5. Project Hand Over Phase. Phase # 1. Project Identification: For the purpose of identifying the project, a study of various alternatives is necessary. To assess the [...]