Wednesday, November 10, 2010

What factors that trigger a project

A project is started with key business objectives that are considered during the project selection process. The project with the best benefits will be selected. You can read more detail in the the project selection methods.

The following are the most factors that trigger a project:
  • Satisfy regulations or compliance.
  • Increase productivity.
  • Increase revenue
  • Improve profitability
  • Increase market share
  • Increase customer satisfaction
  • Increase product quality or safety
  • Reduce price to stay competitive
  • Reduce time to market
  • Reduce costs
  • Reduce risk
  • Reduce waste

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