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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.

• Government guidelines & policy. • Ideas given by the experienced person. • Ideas by own experience. • SWOT analysis. Environment appraisal:- An entrepreneur or a firm systematically appraise the environment and assess its competitive abilities. For the purposes of monitoring, the

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