Business Expansion Companies are always looking for revenue growth opportunities. Technology Evaluation A project rationale could be the evaluation of competing technology solutions. Aim for clarity and readability in the design and typography.
For a small business, this growth may come from developing new products, increasing the sales of existing products and exploring new markets. For example, one project rationale could be to determine which international market offers the best growth opportunity over the medium- to long-term.
Each one of these Construction project rationale represents benefits, such as future cash flows, and risks, such as high initial cash outlays and the failure to gain market acceptance. The company could fund projects to evaluate each one of these strategic alternatives. The rationale can take different forms, from a simple verbal explanation to an interactive on-screen presentation that leads the client through the thinking and the development process to the solution.
This should go without saying, but use good grammar and spell check before you print. It is a brief description of why a specific project should receive funding and management approval, and it can be used in both for-profit and on-profit businesses.
At the top of the page, at the very minimum state the name of the client and the name of the project. Common evaluation tools include net present value and payback period.
For example, a small business could be selecting a hardware or software platform for its next generation of products. Projects with a positive or high net present value and a short payback period are generally preferable over projects with low or negative present value and a long payback period.
Choices that you have made, even those not immediately obvious to the client, can be explained, helping to show the clarity of your thinking, the benefits of your solution, and ultimately to help sell your idea.
Within a larger project proposal or business case, the project rationale is included. For example, a company may have to decide whether to fund research and development into a new product, acquire a competitor with a similar product or form a joint venture with another company.
Other Rationales Other examples of project rationales include assessing different marketing strategies, constructing new facilities and moving products from research into full-scale production.
A well-written design rationale can be invaluable in explaining how your design solution satisfies the brief. Senior management might establish a project team to evaluate the various alternatives. Return on Investment The rationale for a project could be the financial evaluation of multiple projects.
The rationale for this project could be to select the technology option that represents the best long-term growth potential for the company. What does it communicate? Some things to keep in mind when writing your rationale are: For students, written rationales are often required as project deliverables, but they can also be useful for organizing your thoughts before classroom presentations or putting together case histories of projects for print or online portfolios.
Start by explaining the overall concept of your design — what is it, who is it for audience and in what context will it be used? The rationale for this project could be to determine the most cost-effective and technologically superior solution.
The payback period is the time required to recover a project investment. Keep your reasoning honest. Keep your writing to the point — one page is usually long enough.
Use headings and sub-headings if necessary and split your writing into paragraphs.Writing a Project Rationale: A guide for students. Tips on how to write the who, what, where and why for your design solution. they provide a rationale that explains how the design solution answers the brief.
The rationale can take different forms, from a simple verbal explanation to an interactive on-screen presentation that leads the. THE CONSTRUCTION INDUSTRY AND ITS RESEARCH RATIONALE IN CAMEROON AND AFRICA.
THE CONSTRUCTION INDUSTRY AND ITS RESEARCH RATIONALE IN CAMEROON AND AFRICA. Construction Project Management and its practice Amongst professional practices practiced within construction is that of construction project. A project rationale is an argument in favor of implementing the proposed project by your organization.
It gives a detailed explanation of why the project is required in the area. In other words, it describes the issues and problems the community is facing and how your organization and the proposed.
The project rationale is perhaps the most important element of a project proposal. While other parts of a proposal concern themselves with details on how a project would be carried out, the rationale explains why the project is worth doing in the first place.
Whether you're pitching a project or having one pitched. A Construction Sequence means that the erection and installation sequence of project equipment and materials as well as the completion sequence of units, systems or subsystems based on the plant commissioning sequence.
The Construction Sequence develops based on the minimisation of the interference with engineering, procurement. Project Rationale and Objectives The objective of the review is to identify regulatory and institutional barriers to renewable energy investment in the country and provide practical advice that can, within the current and proposed.Download