Project Management Fundamentals

The quantity of a product that consumers want to buy at a specific price and time.

People who want to buy a product/service and have the money to do so.

Dividing customers into groups based on their characteristics and buying habits.

Understanding what customers need, want, and how they behave.

Factors that influence how much consumers want to buy a product, like price, availability, and competition.

The benefits and advantages that customers receive from a product or service.

Companies or individuals that provide raw materials, production supplies, or services needed for a project.

The assessment of a project's potential success based on the individuals involved, their expertise and resources.

The evaluation of existing technology, its quality, availability, and maintenance ease.

Key factors for project success, including skilled people, a good reputation, and innovative approaches.

Targeting specific groups of people with similar needs and characteristics for your business's products or services.

Individuals or businesses offering similar products or services to your business.

The portion of the market (customers and potential customers) that your business can reach with its products or services.

Comparing your products or services to those of your competitors to assess their strengths and weaknesses.

Making your products or services stand out from competitors by offering unique qualities or features.

Evaluating a commercial project before investing to assess its viability and potential success.

Examining if there is a market for the product or service. Includes analyzing competitors and benchmarking your product.

Identifying and understanding potential challenges that could hinder the project's success.

Ensuring availability of resources (materials, labor, etc.) at the right time and quantity for the project to proceed.

Assessing the project's administrative capacity - skilled staff and effective processes.

The quality and availability of necessary technology for a project.

The ease of acquiring and maintaining the required technology, including spare parts.

The size or scope of a project, including the number of employees and production volume.

The nature and requirements of a project's activities, influencing the sourcing of raw materials.