Question

In most organizations, a long list of “to-do” projects for development exists. Since each organization only has limited staff and financial resources to accomplish the long list of IT project it is important to know how to identify, classify and select which projects will be undertaken.

Describe what occurs during project identification, classification and selection. Why can this process be challenging at times?

Answer 1

Answer :

Project Idetification:

In this we have to identify the project that suits our requirements and helps us to attain our goals. It is very important phase to start any project because we have to identify that project which we can complete on time and with in our budget. Entrepreneur thinks many time before investing into any project and identify which one is best according to their goals and needs.We have to take only those project in which we can do better and which helps to attain our goals.

Project classification:

Project classification includes class categories and class code . Category is a wide subject in which you can select any projects. And the code is a specify value of category. for example Environmental management is a category of a project and in this global warming,rain water harvsting is a class code of the environmental management category.

Project selection:

We have to do the project selection on basis of benefits and feasibility. Benefits means the positive outcomes of the project ofcourse we have to select those project which give us a benefits or profit in business. Feasibility indicates that easiest project with greatest benefits are given priority. We have to select that project which is feasible in nature and give more benefits.

These all process is very challenging as it is very difficult to find out right project according to our requirement and cost effective and also which helps in grows business in market. We have to go through very deeply the requirement and our availability of resources before selecting the project and that the very toughest decision. your hard money will invest on project so it may be risk too that's why its very challenging to decide right project according to availability of resources.

PLEASE RATE WELL ||