7 Reasons to Approve New Projects

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.

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.

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