Question

In project formation or preparation of a new project, the primary data is

Answer 1

Project formulation is the systematic developments of project ideas for eventual objective of arriving at an investment decision. Project formulation involves step by step investigation and development of project idea. It helps in taking decisions of accepting or rejecting an idea

Answer 2

Answer:

The first step in formulating a project is to define the broad outcomes that are expected to be completed by the time the project ends. These outcomes should be aspirational but also realistic. They should also be clear and concise