Project Management

Welcome to our ‘Project Management’ category, where we explore the dynamic realm of effective project planning, execution, and completion. Whether you’re an experienced project manager or a newcomer eager to learn, this space is your go-to resource for insights, tips, and the latest trends in project management.

Project management

Project Management Meaning, Characteristics, Objectives

Project management is the discipline that includes an organization’s planning, organising, securing and efficient management of resources to ensure the successful completion of specific project goals and objectives. It involves controlling, planning, scheduling, and monitoring complex, non-routine tasks essential for achieving the project’s predetermined goals.

Types of Feasibility Study

Types of Feasibility Study Meaning, Importance, Objectives

A feasibility study is an important step in the planning process of any project, be it a business venture, product development, or infrastructure project. There are several feasibility studies and all types of feasibility study focuses on specific aspects of a project. Below is a detailed overview of the most common types of feasibility study:

Social Cost Benefit Analysis

Social Cost Benefit Analysis Meaning, Features, Objectives

Social Cost-Benefit Analysis (SCBA) is a useful approach to assess whether decisions or choices that affect the use of scarce resources promote efficiency. Considering a specific policy and relevant alternatives, the analysis involves systematic identification of policy consequences, followed by valuation of social benefits and costs and then application of the appropriate decision criterion.

Scroll to Top