Professional Practice

Essential Principles for Meaningful Stakeholder Involvement Processes •Clear Goals and Avenues for Stakeholder and Public Participation •The goals, schedule, and reasons for the planning process are communicated publicly and include a clear map of the project planning decision process and […]

Risks are internal or external events that may occur during project implementation and could threaten the achievement of project objectives and the project as a whole. Basic risk management is important for every project, but the level of detail needed […]

A budget is the total projected costs needed to complete a project over a defined period of time. It’s used to estimate what the costs of the project will be for every phase of the project.  The budget will include […]

As per section 3 (3) of the Competition Act, 2002.   Bid rigging” means:  any agreement between enterprises or persons engaged in identical or similar production or trading of goods or provision of services. which has the effect of eliminating […]

Bidding documents are documents issued by the Procuring Entity to provide the prospective bidders all the necessary information that they need to prepare their bids. Notice Inviting Tenders (NIT) is used in public procurement /purchasing in India. Government procurement constitutes […]

Project Report Comprises of; • Detailed analysis of the project • An expert prepares the report before the investment in project is done • The report assesses the demand for proposed product/service • Works out cost of investment and profitability […]

Feasibility Analysis: • First stage in project formulation • Examination to see whether to go in for a detailed investment proposal or not • Screening for internal and external constraints Conclusion could be: • The project idea seems to be […]

Project pre investment study or project formulation is essential in examining the most critical aspect of project before making the investment. The Project Formulation exercise is done with a view to 1.Understand various dimensions of the project from a very […]