The steps involved in development of a project are given below. Arrange them in proper sequence:

(A) Selection of business idea for a detailed analysis from the competing ideas

(B) Project installation and initiation

(C) Feasibility analysis

(D) Identification of investment opportunity

(E) Arrangements for financing

Choose the correct answer from the options given below:

The correct answer is (D), (A), (C), (E), (B).

Key Points Project development:

Project development involves organizing and planning all the variables that go into a project, including deciding on materials, creating a budget, and creating tasks for team members.

It also involves the processes needed to complete a project, like changing the plans throughout the project completion and identifying areas of improvement to help the project run more smoothly.

Typically, project managers use five steps in project development, which include initiation, planning, execution, controlling, and closing.

Important PointsThe correct steps involved in the development of a project are: 

(D) Identification of investment opportunity

(A) Selection of business idea for a detailed analysis of the competing ideas

(C) Feasibility analysis

(E) Arrangements for financing

(B) Project installation and initiation

Hence, the correct answer is (D), (A), (C), (E), (B).