ProjectManageme_2017_121Projects_AGuideToTheProjectMan.pdf

9

X

X

X

X

X X

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X X

X

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Examples of Specific Factors

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ee

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al

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er

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us

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es

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or

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ec

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ol

og
ic

al
S

tr
at

eg
ie

s

An electronics firm authorizes a new project to develop a faster, cheaper, and
smaller laptop based on advances in computer memory and electronics
technology

Lower pricing on products by a competitor results in the need to lower
production costs to remain competitive

A municipal bridge developed cracks in some support members resulting in a
project to fix the problems

A newly elected official instigating project funding changes to a current project

A car company authorizes a project to build more fuel-efficient cars in response
to gasoline shortages

An economic downturn results in a change in the priorities for a current project

An electric utility authorizes a project to build a substation to serve a new
industrial park

A stakeholder requires that a new output be produced by the organization

A chemical manufacturer authorizes a project to establish guidelines for the
proper handling of a new toxic material

An organization implements a project resulting from a Lean Six Sigma value
stream mapping exercise

A training company authorizes a project to create a new course to increase its
revenues

A nongovernmental organization in a developing country authorizes a project to
provide potable water systems, latrines, and sanitation education to
communities suffering from high rates of infectious diseases

A public company authorizes a project to create a new service for electric car
sharing to reduce pollution

New technology

Competitive forces

Material issues

Political changes

Market demand

Economic changes

Customer request

Stakeholder demands

Legal requirement

Business process
improvements

Strategic opportunity
or business need

Social need

Environmental
considerations

Specific Factor

Table 1-1. Examples of Factors that Lead to the Creation of a Project

C
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p
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t

2
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