In business, when analyzing a project, what are things to be put into consideration?
Answer:
1. How much are we going to make out of it?
2. How much is it going to cost us to make it?
3. Can we figure out a way so #1 is greater than #2?
Then you can explode all these three into dozens more. For example, do you have the in house capabilities needed to do the project? Or would you need to hire additional labor? Or temps or outsource? How is the money coming back in? In one shot? As a future series of fixed payments?
And so it goes.
Still, it always comes down to making sure you can do the project for less money than what you are going to get paid for it, since that is your raw profit. Other Questions and Answers: