As organizations set their business strategy or establish their goals, there are new needs identified. Recognizing organizations may have a number of different needs, there are many projects to consider. How are projects selected? Why do you think it is important to evaluate potential projects before proceeding with implementation? Once a project is selected, the project charter is created. Why is the project charter a critical artifact? Describe the RFP preparation process. What are some of the key components, and why are these important?
It has been my experience that the selection of projects varies depending on what the goal of your company is. Projects should be evaluated based on what the company needs are, how much it will cost to implement them and how much time it will take to address those specific concerns. If a ...
This excerpt explains how projects are selected and why it is important to evaluate potential projects before proceeding with implementation. It also explains how the charter plays a significant role in project initiation and the RFP process.