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Why are projects initiated?

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Anonymous

14y ago
Updated: 3/17/2022

Every project has an underlying purpose. Without a purpose, a project is like a boat without a shore to dock. All projects are aimed to help the project sponsor in one way or the another to reduce cost, increase revenue or increase efficiency or ensure transparency etc. Projects may be initiate in response to business' strategy to cater market demand, tackle competition, increase market share, comply with regulation, create a competitive edge, exploit emerging opportunity and many other.

But the bottom-line is that it has to have a purpose.

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Herminia Hayes

Lvl 13
3y ago

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