Project Planning

Happy Learning!!

For those interested to start or join a project, this post can help you to get a head start.
A project necessarily:

• Has a specific objective to be completed with some specifications
• Has a defined start date and end date
• Has a certain amount of funds allocated
• Requires resources like money, time and equipment 

After identifying the project that you would to like to implement successfully, here's a check list to establish the feasibility:

Technical Feasibility: 

• Location and layout of the project
• Size of the project
• Construction requirements if any
• Manufacturing process and technology
• Process and Product design
• Scale of operation
• Infrastructure facilities and Economic Situation

Economic Feasibility

• Matching economic resources with the actual requirements for the project
• Establishing the profitability of the investment
• Examining the cost estimate without compromising on quality and suitability:
• Land
• Power, water, fuel and transportation
• Raw material
• Labor
• Establishing technical and administrative personnel requirements

After the feasibility study is made the design and process of the project is then implemented. Thereafter the process of appraisal and control of the operations is required for the successful implementation and completion of the project.
All the best in your endeavor!!