Project Management
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Textbook:
Pages : 477;
Paperback;
210 X 275 mm approx.
Workbook:
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321; Paperback;
210 X 275 mm approx, Sample Applied Theory Questions
Sample Multiple Choice Questions (Online Quiz)
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<< Chapter 5
Project Idea Generation and Screening : Chapter 6
SUMMARY:
Project ideas are generated through different sources like customers, competitors, and employees. Sometimes they are discovered through accident. Project manager should try to enhance people's creativity, scan the entire business environment and appraise the company’s strengths and weaknesses to generate a large number of ideas. Techniques like attribute listing, brainstorming, and delphi technique are useful for improving the creativity at individual and group level.
The project managers should analyze the business environment that consists of the economic sector, the governmental sector, the technological sector, the socio-demographic sector, the competition sector and the supplier sector. Once a pool of ideas has been generated, the project manager should carefully screen them. The Project Rating Index method helps managers
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eliminate poor ideas in the initial screening process. In the case of financial projects, the project manager should assess the NPV of project ideas.
Project Idea Generation and Screening - An Overview
Generating Project Ideas
Creativity and Idea Generation
Stages of Creativity
Individual Creativity
Group Creativity
Scanning the Environment
Economic Sector
Governmental Sector
Technological Sector
Socio-demographic Sector
Competition
Supplier Sector
Corporate Appraisal
Searching for New Project Ideas
Study the Existing Industries
Observe the Inputs and Outputs of Various Industries
Analysis of Imports and Exports
Study of Economic and Social Trends
Observe New Technologies
Identifying Psychological Needs
Study the Government Guidelines and Recommendations for Financial Institutions
Initial Screening
Acceptable Risk Level
Reasonability of Costs
Compatibility with Promoter
Consistency with Government Priorities
Availability of Inputs
Adequate Market Demand
Project Rating Index
Sources of Positive Net Present Value
GovernmentPolicy
Economies of Scale
Product Differentiation
Superiority of Technology
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Related Textbook:-
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536 pages, Paperback;
210 X 275 mm approx,
Price:
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