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A strategy for project implementation
Projects involving small number of activities, resources, constraints and inter-relationship can be visualized easily by the human mind and planned casually. However, the project crosses certain threshold level of size and complexity, informal planning has to be substituted by formal planning. The requirement for formal planning is certainly much greater for project work than the normal operations. Without effective planning, there may be confusion.
Functions of planning:
Areas of planning:
Figure 12.2: Steps in Project planning
Let us now discuss Project objectives and policies:
Attempts by a country to help local producers by restricting international trade is known as protectionism.
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