(Rise_Haris) CH-02Project Identification
Q- What is project explain its characteristics or nature
- > A project is any activity starting with the description of a mission and ending with
the product.
Characteristics:-
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1- Guided by at least one well engage sponsor
2- Has start and end date
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3- Scope of work that is well defined constrained by cost, time and money
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Q- Type of project quantifiable and noncontifiable projects
-Quantifiable projects:-Are those in which a possiblequantitative assessment of
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Benefits can be made.
E.g- Industrial Devt, Power generation.
- Non quantifiable Projects:-Are those where an assessment is not possible,
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E.g- Health, education and defence.
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3- Sectoral Project:-Particular sector like Agriculture,Health, Transport etc.
4- Technical sector:-Involve technical sector likewebsite and social media
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- Techno-economical:-Combination of two technologyand economics. It deals with
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the Impact of Technology on Economics.
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Q- What are the phases involved in the project identification
-> Project identification is the first phase of project life cycle
Procedure of project identification
1- Purpose and scope of the project.
2- The solution to be implemented
- Carry out a face review before proceeding to the next stage
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4- Business problem to be addressed by the project
- > This is used to identify the preferred solution which must be approved before
proceeding
->Once the project is defined it is time to appoint the project team
Q- Write a short note on field study in project identification
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- To know the response of the purpose Idea a sample from the target group may be
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selected
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- A manager may not be expert in the matter of field study so he make consult with
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the expert or may higher any professional expert origin
3- Field study requires a lot of energy time and money
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Q- What do you understand by project evaluation
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- > Project evaluation is the study of the impact of the project idea on various aspects
-> Project manager to analyse how the project is going on how it is affecting the
market is it harmful to the society
-> Project evaluation identifies the impact of the propose project on the economy of
the country
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Q- Project life cycle
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Project execution involve:-
1- Time management 2- Cost management
3- Quality management 4- Risk management
Q- Write short note on assessment of viability
-> Viable mean normal growth
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- > It should be valuable for markets in technical term and even in economic and
commercial terms
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- > The assessment of viability of any project involved the market analysis financial
analysis technical issue and risk and safety issue
- > A product will be viable in the market if it reaches to maximum number of
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customers it ensures a good return and stay in the market for long time it ensure the
future growth
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Q- What is project formulation what are sequential stage of project formulation
- > It is a process in which an entrepreneur undertake and objective of assessment of
different dimension of an investment plans
- > Project formulation includes all the cost involved in various projects for the
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purpose of comparative study
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Objective and importance of project formulation
- > It is the final identification of investment option by an entrepreneur it has to be
made keeping on eye on the objective of the entrepreneur and the enterprises
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Sequential stages
1- Feasibility of the investment
2- Proposal techno-economic studies
3- Market studies with location of the project
4- Inputs required
5- Financial feasibility
6- Profitability
7- Social cause benefit studies
Q- Write short note on collection of information
Primary source of data
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- > An entrepreneur can collect the information telephonically or by questionnaire
method
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-> How he may also have a 1 to 1 interact with the people
Secondary source of data
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-> The sources are magazines government records researches and some agencies
- > This type of data will be more useful when target area is large and 1 to 1
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correspondence is not possible
Q- What is project report and how a good project report is prepared
-> A project report is basically a picture of project
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- > The project report is document which gives an account of the project proposal to
ascertain the perspects of the proposed activities
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1- Land and building required
2- Manufacturing capacity per annum
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3- Manufacturing process
4- Machinery and equipments including their specifications and pricing
5- Requirements of raw material, power and water required
6- Marketing financial analysis
Q- What is techno economic feasibility report
- > Techno economic analysisis primarily concernedwith the identification of the
project demand potential and the selection of the optimal technology suitable for
achieving the project objectives
- > Situation analysis:-Gathering and analyzing internaland external environment to
Understand its current situation and find potential opportunities and challenges.
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- > Data collection and compilation:-For predicting future trends it is essential to
know about past events the situation is present and about the factor likely to affect
the future course of events
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- > Interpretation and presentation the data collected for various resources are first
compile tested and tabulated uniform suitable for interpretation
Q- Explain between feasibility report and project report
Feasibility report
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1- Feasibility report means whether a project is worth taking
- Enterprise consists of some background information about the industry to which
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the project belongs
3- Tell objective and scope of the report
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4- Tell market position and trends
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5- About raw material requirement prices sources and properties
6- About manufacturing processes
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7- Requirement of land area building construction schedule
Project report
- Project report on the other hand detail about everything who are the promoter
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about the capital assets project cash flow
2- A project report is a return document pertaining to any investment proposal
3- information regarding the company enterprise
4- About project description
5- Marketing plan demand and perspective supply
6- Financial analysis
Q- Write short note on demand analysis and its methods
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-> To start a new business we should know about the demand of the product
-> For demand analysis we should first add inside the factor affecting demand
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- > The potential customers are also identified and to keep on eye on the strength and
weakness of each market player
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-> Thus demand analysis is to be done keeping all the financial issues in mind
- Explain cost benefit analysis and describe the various stage in the cost benefit
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analysis
- > Cost benefit analysis is a technique for assessing the monetary social cost and
benefits of a capital investment project over the given time period
- > Main benefit of cost analysis is project appraisal (to scan complete project in a
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structured way)
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-> By comparing net rate of return from different projects
- > Cost benefit analysis has been applied to big public sector projection such as a
dams bridges and new power projects
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Formula
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