Finding the right projects is a crucial stage while selecting a project
Determining the right projects is a critical stage of any project because it displays the overall outlook of the potential project. The selection of an appropriate project is reliant on several factors that must be put into account. Project managers must spend a considerable amount of time determining the right projects. A feasibility study is essential as it helps managers to uncover both the strengths and weaknesses of the proposed plan. The feasibility aspects include the budget; an organization should have enough financial resources to run the project. Secondly, the operation feasibility should be conducted to determine if the proposed project meets the organizational needs. Time also is considered; if the project can be completed at a sensible and advantageous to the organization. A project which provides adequate time is suitable to ensure work is done without pressure. Lastly, the organization should look at the legality of a project before selecting a project. It is essential to ensure that the plan conforms with legal requirements to avoid risking the company’s business.
Finding the right projects is a crucial stage while selecting a project because one will distinguish the suitability of projects and help companies to avoid complicated or unprofitable plans. However, the process of determining the right projects is tedious and time-wasting. Additionally, getting accurate information may not be achieved because the source may conceal other data that may be questionable by the project managers.