Sequence of Steps in Project Approval
CMAT 2023 · Innovation & Entrepreneurship · Medium · Innovation and Entrepreneurship
The steps involved in project approval are as follows: A. Carrying out a detailed project analysis B. Developing infrastructure prototype for project development C. Generating a business idea D. Performing a project specific factor analysis E. Conducting a free-feasibility analysis
Choose the most appropriate answer from the options given below that shows right sequence
- A.
D, E, A, C, B
- B.
E, A, C, B, D
- C.
A, B, C, D, E
- D.
C, D, E, A, B
D
Explanation
The correct sequential order for project approval is: Generating a business idea (C) -> Project specific factor analysis (D) -> Pre-feasibility analysis (E) -> Detailed project analysis (A) -> Infrastructure prototype development (B).
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