Question

Project is prepared by

• A. Promoters
• B. Managers
• C. Entrepreneurs
• D. All of these

Hint:

Project preparation is a team effort — combining the promoter’s vision, the manager’s organization, and the entrepreneur’s initiative.

Answer 1

The Correct Option is D

Step 1: Understanding project preparation.
Project preparation involves the process of planning, designing, and organizing all details required before project implementation begins.
It is the stage where ideas are converted into structured documents outlining objectives, resource requirements, cost estimation, risk assessment, and timelines.
Step 2: Who prepares a project.
A project can be prepared by different stakeholders, depending on its nature, scale, and purpose:
- Promoters: They are individuals or groups who conceive the project idea and initiate its planning. They are responsible for promoting and justifying the project’s feasibility.
- Managers: They handle the organizational and administrative planning — such as defining operational details, manpower, and workflow structure.
- Entrepreneurs: They take on both the creative and financial responsibility of the project, preparing it from an innovation and investment standpoint.
Step 3: Collaborative nature of project preparation.
In most practical cases, all three — promoters, managers, and entrepreneurs — play complementary roles.
Promoters provide vision, managers ensure organization, and entrepreneurs bring innovation and risk-taking ability.
Together, they ensure the project is realistic, efficient, and profitable.
Step 4: Analysis of options.
- (1) Promoters: True, they initiate the project.
- (2) Managers: True, they organize and plan the operational aspects.
- (3) Entrepreneurs: True, they finance and execute the project vision.
- (4) All of these: Correct — all these roles contribute collectively.
Step 5: Conclusion.
Therefore, a project is prepared by promoters, managers, and entrepreneurs — all of them together.