INTRODUCTION

PROFEAS
3rd Term AY 2017-2018
Do you dare to dream?
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DEFINITION
OF PROJECT /
PROJECT
CYCLE
PROFEAS
3rd Term AY 2017-2018
What is a Project?
• A project is a temporary endeavor undertaken to create a unique
product, service, or result.
• The temporary nature of projects indicates a definite beginning and
end.
The end is reached when the project’s objectives have been achieved or;
When the project is terminated because its objectives will not or cannot be
met, or when the need for the project no longer exists.
• Project is defined as a scheme or part of a scheme
 For investing resources
 Which can be reasonably analyzed
 Which can be evaluated as an independent unit
What Can a Project Create?

• A product that can be either a component of another item or an

end item in itself,
• A capability to perform a service (e.g., a business function that
supports production or distribution), or
• A result such as an outcome or document (e.g., a research
project that develops knowledge that can be used to determine
whether a trend is present or a new process will benefit
society).
The Entrepreneurial Process
Project Examples

Examples of projects include, but are not limited to:

• Developing a new product or service,
• Effecting a change in the structure, staffing, or style of an
organization,
• Developing or acquiring a new or modified information system,
• Constructing a building or infrastructure, or
• Implementing a new business process or procedure.
Reasons for Defining a Project

1. To determine the scope of the project

2. To determine the required investments/sources of
funding and implementation period
3. To be able to analyze and evaluate its investment
merits
Project Concept of Evaluating
Long-Term Investments

Project PROJECT COST

 Estimates
Identification and  Timetable
Promotion  Drawdown schedule
 Financial package

Compare Project
Cost and Benefit
• Financial
PROJECT PROJECT BENEFIT • Economic
 Market/Commercial
 Technical
 Managerial
 Financial

ECONOMIC ANALYSIS
Project Cycle

• Project cycle is a series of Project

activities or steps that a Identification
project take from
conceptualization to
operation. Project Project
Supervision Preparation
• Phases of the Project Cycle

Documentation Project Appraisal

Project Cycle - Phases

Project Identification
Project
Identification • It is the process of seeking out
possible investment projects.
Project Preparation
Project Project • It involves the preliminary
Supervision Preparation
assessment of the project through
a study of initial designs,
alternative technical processes
and initial calculations of financial
and market aspects.
Documentation Project Appraisal
Project Cycle - Phases
Project Appraisal
Project • It is the comprehensive and
Identification systematic review of the technical,
market, financial, managerial and
economic aspects of the project to
ensure its viability.
Project Project
Supervision Preparation
Documentation
• It is the translation of all the findings
made during the project appraisal
stage into formal records.
Project Supervision
• It is the follow-up and management
of the project through its
Documentation Project Appraisal implementation, construction and
operation stages to ensure that the
project is executed as planned.
Functions in Project Cycle

1.1. Market/Commercial RATIONALE:

There is a scarcity of
2. Technical resources (i.e., capital,
labor, raw materials, land,
etc.). The usage of these
3. Financial scarce inputs must be
maximized, based on the
4. Economic objectives of the investing
entity.

5. Managerial
Recommended Steps in Identifying
Opportunities

Generating Screening Formulating

Ideas Ideas the Concept
Generating Ideas

What will be a good source?

ENVIRONMENT
Generating Ideas

• Scan and understands the needs and wants of the people (Maslow’s
Hierarchy of Needs)
Self-
Actualization

Esteem

Love / Belonging

Safety

Physiological
Economic
Inclusion..
Understanding Economic
Inclusion
• Economic inclusion is the opening up of economic
opportunities to under-served social groups with a view of
achieving a transition towards sustainable market
economies.
• An inclusive market economy ensures that anyone
regardless of their gender, place of birth, family background,
age or other circumstances, over which they have no
control, has full and fair access to labor markets, finance
and entrepreneurship and, more generally, economic
opportunity.
Mantra
If people are given a chance to
succeed, they are more likely to
participate in the workforce,
pursue education, or engage in
other activities that lead to
economic growth.
Where do ideas come from?
Sample Guides in Generating Ideas for
Project Opportunities
1. Study Imports & Exports
2. Investigate Local Materials
3. Study Available Skills
4. Monitor Economic Indicators
5. Make Industry Studies
6. Originate or Apply Technology
7. Examine Inter-Industry Relationship
8. Evaluate Development Plans
9. Review Old Projects
10. Observe Experience Elsewhere
11. Use Standard Industry Classification Lists
Business Opportunities
Business Opportunities
Business Opportunities

CONCERNS

THREATS
Business Opportunities
Business Opportunities
Business Opportunities
INSTRUCTIONS:
1. Form a group with five members each. This will now be your
permanent groupings for the rest of the term.
2. Select a group coordinator.
3. Come up with three ideas of business opportunities that will contribute
to the concern on economic inclusion that you are interested of which
project feasibility will be applied.
4. For each of the ideas, develop a basic business case that will cover the
following:
• What is the need?
• How did you establish the need?
• What is your solution?
• What prompted you to propose the solution?
5. Submit your group discussion result at the end of the class period.
6. Write the names of the group members and identify group coordinator.
Provide the cell number of the group coordinator.
Creative Ways to Brainstorm
Example of Brief and Concise Presentation
What is Pecha Kucha?
• Pecha Kucha (chit-chat) is a presentation style in which 20 slides
are shown for 20 seconds each (6 minutes and 40 seconds in total).
• The format, which keeps presentations concise and fast-paced,
powers multiple-speaker events called PechaKucha Nights (PKNs).
• PechaKucha Night was devised in February 2003 by Astrid Klein and
Mark Dytham of Tokyo's Klein-Dytham Architecture (KDa), as a way
to attract people to SuperDeluxe, their experimental event space
in Roppongi, and to allow young designers to meet, show their work,
and exchange ideas
What is Pecha Kucha?
Benefit of a Pecha Kucha Presentation
Assignment
1. Prepare a pecha kucha presentation on the three idea
proposals discussed by the group.
2. Follow the 20x20 rule for this presentation.
3. Each team member should have a part in the entire
presentation.
4. The group presentation will be rated accordingly
5. Good luck