Project Management: Generation & Screening of Project Ideas
Project Management: Generation & Screening of Project Ideas
Project Management: Generation & Screening of Project Ideas
ideas
Project Management
Generation Of Idea
Barring truly new ideas
Stimulation the flow of ideas
most people adopt somewhat casual and
haphazard approach to the generation of
project ideas. To stimulate the flow of ideas,
the following are helpful: SWOT Analysis
Clear Articulation of Objectives
Forecasting a conductive climate
Project management Generation and screening of
ideas
Socio-demographic Sector
Population trends
Age shifts in population
Income distribution
Educational profile
Employment of women
Attitudes toward consumption and investment
Project management Generation and screening of
ideas
Corporate Appraisal
Marketing and Distribution
Production and Operations
Research and Development
Corporate Resources and Personnel
Finance and Accounting
Project management Generation and screening of
ideas
Corporate Appraisal
contd.
Marketing and Distribution
Market Image
Product line
Market size
Distribution Network
Customer Loyalty
Marketing and Distribution costs
Production and operations
Condition and capacity of plant and machinery
Availability of raw materials, sub-assemblies, and power
Degree of vertical integration
Location advantage
Cost structure
Project management Generation and screening of
ideas
Corporate Appraisal
contd.
Research and Development
Research capabilities of the firm
Corporate Appraisal
contd.
Finance and Accounting
Financial leverage and borrowing capacity
Cost of capital
Tax situation
Profit
Potential
potential of Entrants
industries :
Threat of
PORTER New
MODEL Entrants
Bargainin Bargaining
g Power Power
of THE INDUSTRY Buyers
Suppliers Suppliers Rivalry Among Existing Buyers
Firms
Threat Of
Substitute
Product
Substitutes
Preliminary Screening
It is possible to develop a long list of project ideas,
a preliminary screening is required to eliminate
ideas which prima facie are not promising. The
following aspects can be looked into:
Compatibility with the promoter
Consistency with governmental priorities
Availability of inputs
Adequacy of market
Reasonableness of cost
Aacceptability of risk level
Project management Generation and screening of
ideas
Wo
rk
An
aly
Conduct Market Conduct Technical
sis analysis Analysis
Ev
alu Conduct Financial Analysis
ati
on
Conduct Economic and Ecological analysis
Project description.
Planning and implementation of the project.
Specifications.
Layouts and flow diagrams.
Project management Generation and screening of
ideas
SCBA.