A Project is a group of unique, interrelated activities that are planned and executed in a certain sequence to create a unique product and/ or service, within a specific time frame, budget and the client’s specifications....

Project management is the discipline of planning, organizing and managing resources to bring about the successful completion of specific project goals and objectives. The primary challenge of project management is to achieve all of the project goals and objectives while honoring the project constraints...

Feasibility literally means whether some idea will work or not. It knows beforehand whether there exists a sizeable market for the proposed proposed product/ service, what would be the investment requirements and where to get the funding from, whether and wherefrom thee necessary technical know- how to convert the idea into a tangible product may be available and so on.....

In most cases, the first step in project analysis is to estimate the potential size of the market for the product proposed to be manufactured (or service planned to b offered) and get an idea about the market share that is likely to be captured....

Technical aspects relate to the production or generation of the project output in the form of goods and services from the projects inputs. Technical analysis represents study of the project to evaluate technical and engineering aspects when a project is being examined and formulated. It is a continuous process in the project appraisal system which determines the prerequisites for meaningful commissioning of the project.....

The primary objective of any firm is to maximize profits; the financial aspects of a project idea must be studied carefully. Even if the project is marketable and technically feasible, it cannot be implemented if it is not financially viable in the medium to long-term. To assess the financial feasibility of a project idea, the project manager must examine the capital costs, operating costs and revenues of the proposed project......

The terms ‘economic viability’ and ‘financial viability’ are not different for companies. However, from thee national angle and from the view-point of the economy as a whole, economic feasibility and financial feasibility are not considered to be the same. Cost and benefits to the nation due to the proposed project are considered in the economic feasibility test. Tax revenue, generation of employment, saving of foreign exchange and such other factors, differentiate economic viability from financial viability. The government and government agencies calculate the economic indicator of a project permitting the project or financing it.......

The performance of a project may not only be influenced by the financial factors stated earlier. Other external environmental factors, which may be economical, social or cultural. May have a positive as well.......

A project manager is a professional in the field of Project management. Project managers can have the responsibility of the planning, execution and closing of any project, typically relating to construction industry, architecture, computer networking, telecommunications or software development.......