Project Research Methodology
Investment is one of the best ways to save. Unlike other methods of savings like banking investment portends very high chances of success although it has its challenges and shortcomings. Investment is a wide topic and one can invest in varied ways. This project proposes to investigate the factors that influence the success of an investment. Project Definition The project shall be solely concerned about determining what factors influence the success of an investment with an aim of understanding better the forces at play when investing.
The understanding of such factors is crucial in the decision making process before committing funds into any given investment. According to (Argyris, Putnam, & Smith,1990. 46-49), ability of an investor to commit the required funds, availability of the required resource persons and the scope of an investment all define a project. For this project, three objectives shall be observed: – (i) To establish causes of the high rate of failures in may investments. (ii) To determine the effects of bad investment decisions. (iii) To establish the necessary factors for an investment to succeed.
(iv) To show the importance of investment in achieving financial freedom. Project Setting The project shall highly depend on qualified staff to achieve its objectives. The project shall hire staff of various qualifications. For a start the project plans to bring on board staff with financial and economics background. The fact that the project at establishing the right investment environment for empowering the marginalized in terms of economy is a clear indication that the project must borrow alot from professionals. Community leaders are very important as the project seeks to reach out to the members of the community (Fetterman, 1996.
100-124). Therefore it is very crucial that the project is set up in a way in which it will be responsive to the needs of the community. To ensure responsiveness the project shall carry out a needs assessment prior to the onset of the project. For any special needs which may come up in the assessment, the project shall be adjusted to meet such needs. Backed by a team of professionals the project expects to meet its objectives. To ensure the project is run in a formal manner, an ideal management structure will be set up with a coordinator and programme manger as the heads of the project.
Once the project team comprising of the coordinator, the programme manager, the finance manager and other supportive staff is in place, proper role and responsibilities for each member of staff shall be determined. The clear allocation of duties and responsibilities is aimed at achieving effectiveness so as to achieve the necessary project outcomes. The above will also result into a chain of command that is necessary in establishing who is accountable for the project in this case, the programme manager will be accountable and answerable for all decisions affecting the project.
Enough contingency plans will be put in place to cater for any emergency requirements on the investment project. The contingency plans are based on intelligence about the risks involved in the project which have been identified as project failure due to lack of sufficient funds, failure due to poor management and therefore poor execution methods, failure due to lack of proper team coordination as well as failure due to community rejection of the project activities.
The project will target the urban communities, as they comprise of a larger population who engage in business and therefore are likely to carry out investments. Since it is not possible to apply the project in many towns, only some districts of the capital city shall be involved in the project and therefore shall be the core of the project setting. As mentioned earlier most citizens in the city are businessmen and it is assumed that they are more likely to be receptive to such a project. Besides that the population is more likely to benefit since it has the finances required to invest.
Project Rationale The concept of investment is not a 21st invention. However there is a need to re-invent the whole concept especially in regard to businesses. The high rate of poor investment decisions as evidenced by the number of investments undertaken by companies as well as individuals but end collapsing is a pointer to the need of a re-awakening in investment decision-making process amongst the urban community. The investment project is based on the assumption that the urban communities are more likely to have the capital and the expertise to embark on investment decisions.
This project is an attempt to solve the numerous challenges facing the investors as evidenced by many stalled projects and many others which have totally collapsed. This project has as its project aim to reawaken the interests of the public in investment. Many projects in the past have embarked on dissemination of funds to investors. This project intends to shift focus to the empowering of the public to convert funds into sustainable investment projects which will meet their financial needs and benefit individuals and in the process result into economic growth.
Also known as the project life cycle, the process involves the data collection process; this is a vital step given that needs of the community need to be identified first so as to guide the process (Fetterman, Kaftarian, & Wandersman, 1998. 37-46). Secondly, the project shall engage in researching the background of the problem so as to understand the root causes of the current problem. Once the causes of the investment problems being experienced by the community are diagnosed, the true budget will be deduced and proper budgeting done to determine the project needs.
For proper coordination, a time schedule is necessary to determine the project life. Finally, after the completion of the project a review will be carried out before handing over the project to its rightful owners, the public. Project Research Methodology To meet the objectives of the project, a number of research methodologies shall be applied. Such shall include a review into relevant literature on investment modes drawn from peer-reviewed articles, past research, scholarly works and textbooks.
Interviews shall be conducted with respondents being drawn from urban community. Through the use of questionnaires and semi-structured interviews, both quantitative and qualitative data shall be gathered and analysed to provide the required information. Statistical software such as SPSS will be used for the data analysis. It is expected that the findings generated from the data collected will be sufficient to guide the research process in achieving the project objectives.Sample Essay of College paper