Task Management Software

PDF  Task Management Guide
New Articles New Articles RSS feed subscribe
What is a Management Dashboard?
The term Management Dashboard defines a wide range of data reporting and visualization tools or dashboards that allow using various performance & efficiency measures to report on an enterprise’s ability to organize and coordinate its activities in accordance with certain policies and in achievement of pre-determined objectives. What is a Management Dashboard?
New Checklists News RSS feed subscribe
Money Management Action Plan

In this Money Management Action Plan you can read a range of tips and suggestions that will help you manage your money in an effective manner.

Money Management Action Plan
Home » Glossary » What is Project Derivation
What is Project Derivation  

What is Project Derivation


Project Derivation is a general term that refers to the starting point of a new project to symbolize creation and existence of this project. It can be regarded as the very first (pre-project or preliminary) step in the project initiation process to identify the reason(s) for project startup and explain possible sources of project investment.

The derivation step of a project aims to create a general understanding of the project’s concept, rationale and benefits. If both the sponsor and customer share this understand the project can be agreed and verified for initiation. But it does not mean the project is approved and ready for implementation. It just means that the sponsor preliminarily agrees on making necessary investments and the customer confirms the project produces needed benefits.

When the derivation step is completed, the next step is to perform an analysis of feasibility and cost-effectiveness. It is the step of the initiation process that aims to identify the problem and solution(s) of the project and then evaluate every solution for feasibility and cost-effectiveness.

All Travel Checklists

new CentriQS -15% OFF
Business management software
for small & midsize enterprises

Play Demo

VIP Task Manager
Task management software
for teams & small offices
Play Demo / Download

home contact site map my account


Copyright © 2004 - 2024 VIP Quality Software, Ltd. All Rights Reserved.