Project manament Article Example | Topics and Well Written Essays - 500 words

support manament - Article ExampleBefore the initiation of a project, a feasibility study is usually conducted in order to assess the viability of the project. The study helps organization recognises the potential benefits of a project keeping in berth company constraints. The study helps organizations understand the required capital resources for the project and the time it would take to complete the project. It helps them to intent the project more effectively in order to achieve desired results1.The study also helps understand where the project must be initiated, what measures must be taken, and what are the potential benefits of the project for company. Hence, it is very heavy to conduct a comprehensive feasibility study that helps an organization to achieve the desired goals of the project.Project military rank is carried taboo after the completion of project in order to judge the effectiveness of the project. This process is carried out to understand whether the desired o bjective of the project has been achieved or not. Evaluation helps organizations to be aware of the corrective actions they demand to take.There are two main kinds of evaluation 1) on-going evaluation and 2) Post project evaluation. Ongoing evaluation is carried out during the course of the project in order to assess whether deadlines are being met and whether meantime objectives are achieved or not. On the other hand, post project evaluation assesses the success of project completed. It evaluates whether the determined down objectives before the project were achieved or not.Cash flows are the term used for the expected specie inflows and outflows during the completion of the project and post completion. Cash flows give a clue about the expected revenues and be for project completion. Evaluating expected cash flows is one of the most important factors of accepting or rejecting a project. akin all other aspects of a project, risk