Question

The steps involved in project approval are as follows:
A. Carrying out a detailed project analysis
B. Developing infrastructure prototype for project development
C. Generating a business idea
D. Performing a project specific factor analysis
E. Conducting a free-feasibility analysis
Choose the most appropriate answer from the options given below that shows right sequence

• A. D, E, A, C, B
• B. E, A, C, B, D
• C. A, B, C, D, E
• D. C, D, E, A, B

Answer 1

The Correct Option is D

To determine the most appropriate sequence of steps involved in project approval, we need to analyze each step's role in the development process. Let's break down the sequence:

1. Generating a Business Idea: This is the foundational step where a new concept or idea for a project is conceived. Without a viable business idea, there is no project to develop.
2. Performing a Project-Specific Factor Analysis: After generating the business idea, it's essential to analyze specific factors related to the project. This involves understanding market needs, potential challenges, competitive landscape, and other critical factors that could influence the project's success.
3. Conducting a Pre-Feasibility Analysis: Before investing heavily in a project, a pre-feasibility analysis is necessary. This step involves assessing the project's viability, potential returns, and risks to ensure that proceeding with a detailed project analysis is justified.
4. Carrying out a Detailed Project Analysis: Once the initial analyses suggest viability, a thorough project analysis is carried out. This step involves an in-depth examination of the technical, operational, and financial aspects of the project.
5. Developing an Infrastructure Prototype for Project Development: After the detailed project analysis confirms the project's feasibility, a prototype or model is developed. This infrastructure serves as a proof of concept, demonstrating the project's potential to stakeholders and investors.

Given these logical steps, the correct sequence is: C, D, E, A, B.

Let's justify why the other options are incorrect:

• D, E, A, C, B: Incorrect since it starts with a factor analysis without first generating a business idea.
• E, A, C, B, D: Incorrect as it begins with pre-feasibility and detailed analysis before having a business idea.
• A, B, C, D, E: Incorrect because it starts with detailed analysis and prototype development, skipping the initial idea generation and analysis steps.

This logical reasoning shows that the sequence C, D, E, A, B is the only one that properly follows the necessary development stages.