A business plan is a fundamental tool that any line.

Project Date : 2018 Project Type : Business Strategy Project Process : Completed Project

Usually, banks and venture capital firms make the existence of a viable business plan a prerequisite to the investment of funds in a business. A good business plan starts with an executive summary of the business; includes a detailed description of the business, its services and/or products.

The media is constantly filled with news of one project or another that fails. But they usually talk about major construction or municipal infrastructure projects. And then they try to justify business people learning about project management because of the construction failures.

There are three basic types of business project. The first is the strategic project. This type of project is focused on achieving objectives determined during the business planning or strategic process. A second type is the operational project. These are projects which are initiated for business reasons other than achieving a strategic objective. For example, a general ledger may have become obsolete.

So a business project is initiated in order to implement a new release of the general ledger. The third type is the repeating or operationalized project. These projects run so frequently that much of the regular project planning can be repeated.

• 
• 
• 

There are three basic types of business project. The first is the strategic project. This type of project is focused on achieving objectives determined during the business planning or strategic process. A second type is the operational project. These are projects which are initiated for business reasons other than achieving a strategic objective. For example, a general ledger may have become obsolete.

• The second key characteristic of a project is that of uniqueness.
• The product is always unique.
• The specific set of tasks that make up the project, are almost always unique.
• The tasks may follow a pattern.
• The tasks may be individually common.
• However, the arrangement of tasks and something
• The tasks will be unique to this project.

So a business project is initiated in order to implement a new release of the general ledger. The third type is the repeating or operationalized project. These projects run so frequently that much of the regular project planning can be repeated.