There are certain types of project selection models that are used to select the projects. The selection of projects is an important part of the business. If you choose the wrong project, this may go to lose instead of giving business benefits.
Characteristics of Project: A problem scheduled for a solution is called a project. The gap between the current position and the desired position is referred to as a problem and there may present some hindrance that precludes the convenient movement to fill the gap.
Types of Feasibility Study: Feasibility Analysis is an analytical program through which project manager determines the project success ratio and through feasibility study project manager is able to see either project will useful for us or not and how much time, it will take to get completed.
Risk Management Process:- By definition, a risk is a potential hazard, more or less predictable, inherent in a situation or an activity. In project management, zero risk does not exist. It is likely that your project will not be carried out as planned. The idea is therefore to anticipate and minimize the risks that could arise in order to reduce their impact on the smooth running of the project.
Project Management Dashboard:- The dashboard shows your speed, fuel level, oil. Everything is under control. All of a sudden, a red light comes on. Panic? Should we slow down? Should we stop? That’s the whole story of the project management dashboard.