Concept & Classification of Project - Entrepreneurship Development

Concept & Classification of Project

1. CONCEPT & CLASSIFICATION OF PROJECT 1

2. PROJECT Projects can be further defined as temporary rather than permanent social systems or work systems that are constituted by teams within or across organizations to accomplish particular tasks under time constraints . An on-going project is usually called ( or evolves into ) a program . 2

3. CLASSIFICATION OF PROJECTS Quantifiable and Non- Quantifiable P rojects Quantifiable projects- quantitative assessment of benefits can be made. Concerned with industrial development, power generation, and mineral development. Non- quantifiable projects- where quantitative assessment is not possible. Concerned with health, education, defence etc. 3

4. Sectoral Projects In India planning commission has accepted the Sectoral basis as the criterion for classification: Agriculture & Allied sector Irrigation and power sector Industry and Mining sector Transport and communication Social service sector Miscellaneous 4

5. Techno- Economic Projects Based on their techno- economic characteristics   Factor intensity- oriented classification Capital intensive Labour- intensive Causation-oriented classification Demand based or, Raw materials based 5

6. Financial Institution Classification All India and state financial institutions classify projects according to their age, experience and the purpose: New projects Expansion projects Modernization projects Diversification projects These projects are invariably are profit- oriented. 6

7. Services Projects: Welfare projects Research and development projects Educational projects 7

8. THANKS Presented By, Karthik G Krishnan 8