TYPES OF PROJECTS
Various types or categories of projects should be identified so that the mix of projects funded by the parent organization will be spread appropriately across those areas making major contributions to the organization’s goals.
The location, type, technology, size, scope and speed are normally the factors which determine the effort needed in executing a project.
- Research and development projects – refers to the investigative activities a business conducts to improve existing products and procedures or to lead to the development of new products and procedures
- Manufacturing projects – aim to produce piece of equipment or machinery or consumable goods like soap, cooking fat etc.
- Construction projects -E.g.roads, bridges, mining, quarrying
- Turn-key projects.– a contract under which a firm agrees to fully design, construct and equip a manufacturing/business/ service facility and turn the project over to the purchaser when it is ready for operation for a remuneration.Turnkey means that the PM will only have to turn the key to have the business or project up running. See BEYOND ZERO mobile clinicsPROJECT
- Derivative Projects. These are projects with objectives or deliverables that are only incrementally different in both product and process from the existing offerings. They are often meant to replace offerings or add an extension to current offerings.
- Platform Projects. The planned outputs of these projects represent major departures from the existing offerings in terms of either the product or service itself or the process used to make and deliver it or both. As such, they become platforms for the next generation of organizational offerings.
- Breakthrough Projects. These projects typically involve a new technology than platform projects. It may be a disruptive technology that is known to the industry or something proprietary that the organization has been developing over time. Eg MPESA
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