Types of Projects

The project is divided into different sections from different perspectives like the product, size, duration importance, etc. of the project. Below is a brief description of different types of projects:

• Common Types of Projects: All types of projects are generally divided into three categories. The following three types of project relationships are briefly discussed:

1. Business Project: Business projects are those projects which are conducted for the purpose of business i.e. for profit.
2. Development Projects: It covers all development and research projects. Examples of such projects are the development of new products, the introduction of existing products, etc.
3. Technical Projects: The projects that are conducted under technical and information technology are called technical projects. For example, all IT-based projects are examples of this.

• Projects based on Projects: Product based projects are as follows:

Administrative: Exampleー the addition of new accounting methods

Construction: Exampleー Building, construction of roads

Computer software development: Exampleー New computer program

Planning and design: Exampleー Architectural or engineering plan

Installing equipment or systems: Exampleー IT system

Eventful: Exampleー Olympiad

Maintenance and processing industry: Exampleー Power Plant

New product development: Exampleー Creating a new medicine

Research: Exampleー A model of economic development of Bangladesh is ready

• Projects based on Size: The project based on the size can be divided into three parts. Namelyー small projects, medium projects, and large projects. However, there is no self-evident definition of the size of a project, whether it is small, large, or medium. However, the classification of the project based on size is shown belowー

Small Size Project: A project that usually spends 1-250 working hours is called a small project.

Medium Size Project: A project that spends 251-5000 working hours is called a medium-sized project.

Large Size Project: A project that costs more than 5,000 working hours is called a large-scale project.

• Project-based on Benefits: The Planning Commission of Bangladesh has divided the project into three categories according to the benefits of the project. They are briefly discussed below:

Projects ‘X’: Class ‘X’ projects are usually run for profit. Revenue is generated by selling the products and services produced from these projects. This type of project is carried out with its own funds. These projects are self-sufficient because the project can run on its own through profit. For example, the Dhaka Water Supply and Sewerage Project adopted by Dhaka WASA is an example of this type of project.

Project ‘Y’: Such projects are productive but do not generate revenue from the production of these projects. Such projects are conducted for the benefit of others. Such as irrigation projects, dam projects, road construction projects, etc.

Project ‘Z’: ‘Z’ class projects are those projects whose results and benefits are not visible and the benefits cannot be measured directly. Such projects are accepted for the benefit of others. Examples of such projects are the construction of hospitals, educational institutions, training institutes, etc.

• Projects based on Priority: The project is divided into two parts, identifying the more important and less important ones on a priority basis to ensure the best use of limited resources. The following is a brief discussion:

Core Project: Projects that are more important and prioritize implementation are called core projects. For example, the purchase of an ambulance will be considered as a core project between the two requirements for the purchase of an ambulance and television for a hospital. Generally ‘X’ classified and infrastructure development projects are considered as core projects.

Non-Core Project: Non-core projects are projects that are not immediately urgent and are relatively less important. For example, in the case of the hospital mentioned in the previous core project, the purchase of television would be considered a non-core project.

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