2. PROJECT
PROJECTS CAN BE FURTHER DEFINED AS TEMPORARY RATHER THAN
PERMANENT SOCIAL SYSTEMS OR WORK SYSTEMS THAT ARE CONSTITUTED BY
TEAMS WITHIN OR ACROSS ORGANIZATIONS TO ACCOMPLISH PARTICULAR TASKS
UNDER TIME CONSTRAINTS. AN ON-GOING PROJECT IS USUALLY CALLED ( OR
EVOLVES INTO ) A PROGRAM .
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3. CLASSIFICATION OF PROJECTS
QUANTIFIABLE AND NON- QUANTIFIABLE PROJECTS
• QUANTIFIABLE PROJECTS- QUANTITATIVE ASSESSMENT OF
BENEFITS CAN BE MADE. CONCERNED WITH INDUSTRIAL
DEVELOPMENT, POWER GENERATION, AND MINERAL
DEVELOPMENT.
• NON- QUANTIFIABLE PROJECTS- WHERE QUANTITATIVE
ASSESSMENT IS NOT POSSIBLE. CONCERNED WITH HEALTH,
EDUCATION, DEFENCE ETC.
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4. SECTORAL PROJECTS
IN INDIA PLANNING COMMISSION HAS ACCEPTED THE
SECTORAL BASIS AS THE CRITERION FOR CLASSIFICATION:
• AGRICULTURE & ALLIED SECTOR
• IRRIGATION AND POWER SECTOR
• INDUSTRY AND MINING SECTOR
• TRANSPORT AND COMMUNICATION
• SOCIAL SERVICE SECTOR
• MISCELLANEOUS 4
5. TECHNO- ECONOMIC PROJECTS
BASED ON THEIR TECHNO- ECONOMIC CHARACTERISTICS
FACTOR INTENSITY- ORIENTED CLASSIFICATION
• CAPITAL INTENSIVE
• LABOUR- INTENSIVE
CAUSATION-ORIENTED CLASSIFICATION
• DEMAND BASED OR,
• RAW MATERIALS BASED
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6. Financial Institution Classification
All India and state financial institutions classify projects
according to their age, experience and the purpose:
• New projects
• Expansion projects
• Modernization projects
• Diversification projects
These projects are invariably are profit- oriented.
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7. SERVICES PROJECTS:
• WELFARE PROJECTS
• RESEARCH AND DEVELOPMENT PROJECTS
• EDUCATIONAL PROJECTS
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