Transcription of Lesson 1 - ddegjust.ac.in
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Lesson 1 - ddegjust.ac.in
1 Lesson 1 MEANING, NATURE AND IMPORTANCE OF of project and project of Family of selection life Tools and techniques for project manager s roles and Self assessment reading this Lesson , you should be able toa)Define the project and explain the nature and classification of )Understand the concepts of idea generation, project life cycle and Projects have a major role to play in the economic development of a the introduction of planning in our economy, we have been investing large amountof money in projects related to industry, minerals, power, transportation, irrigation,education etc. with a view to improve the socio-economic conditions of the projects are designed with the aim of efficient management, earning adequatereturn to provide for future development with their own resources.
According to the encyclopedia of management, “project is an organized unit ... Finance and Accounting • Financial leverage and borrowing capacity • Cost of capital • Tax structure. 11 • Relation with share holders and creditors • Accounting & control system • Cash flow and liquidity 1.7 PROJECT LIFE CYCLE A project is not a one ...
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