7 Reasons to Approve New Projects

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From home to work to play, you have been on all types of projects. Some you have liked and some you have disliked. Wondered how these projects come to be? Read on. These are 7 reasons to approve new projects.

 

Market Demand

The market driving demand for your product or service is a reason to approve new projects. Examples are mobile banking, Uber, Doordash food delivery service are all great examples of market demand driving new project creation.

Organizational Need

Your company may approve a new project. For instance when the new W-4 employee form comes out, your company’s finance department may create a new project to study and see how to process them.

Customer Request

One of your suppliers may ask you to do a new project. Your company has done great work in the past and that supplier wants to hire you again to do more work.

 

Technological Advance

Technology creates new opportunities and, hence, new projects. Look no further than artificial intelligence, virtual reality, augmented reality and chatbots and their impact on creating new projects.

Legal Requirement

Federal laws and regulatory can force your company to approve a new project to comply with it. The federal Children Online Privacy Protection (COPPA) rule has forced YouTube to create a new project and adapt its business model.

Ecological Need

Protecting the environment is another reason to approve new projects. Reducing carbon footprint is an example to approve a project.

Social Need

Volunteering and feeding the homeless are reasons to approve new projects. Certain non-profits such as Habitat for Humanity and Doctors without Borders fall underneath this category.

These seven reasons from the business need are why new projects are approved.

Need help managing your projects? Get in touch with me here: www.carlarjenkins.com/contact

About Carla R Jenkins

Carla R Jenkins is a certified project manager, scrum master and ITIL v4 professional with over a decade’s worth of experience. She has worked in both the private and public sectors successfully completing projects and programs on time, within scope and under budget. She possesses an MBA and a BA in International Economics. To work with me, visit www.carlarjenkins.com/bookasession and connect with me on LinkedIn: www.linkedin.com/in/carlarjenkins

Sign up for the latest in LinkedIn with the LinkedIn Letter here: www.carlarjenkins.com/linkedinletter

Carla R Jenkins is a certified project manager, scrum master and ITIL v4 professional with over a decade’s worth of experience. She has worked in both the private and public sectors successfully completing projects and programs on time, within scope and under budget. She possesses an MBA and a BA in International Economics. To work with me, visit www.carlarjenkins.com/bookasession and connect with me on LinkedIn: www.linkedin.com/in/carlarjenkins

Sign up for the latest in LinkedIn with the LinkedIn Letter here: www.carlarjenkins.com/linkedinletter

 

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