The Enterprise and Economic Development Glossary a resource of the .network library

project:

... a managed undertaking that has starting and ending points designated by timeline and objective. Project dcumentation is covered by a scope of project or a profile and has specifications sufficicent for communicating with resource and service providers as well as other stakeholders if the undertaking is to have a successful oucome.

Project specifications (selection criteria in the case of a site selection project) are important for collecting information that business decisioion makers can use. Site Location Assistance.com lists three stages for gathering information during the site selection process. The stages are applicable to enterprise development and economic development projects as well.

An economic develoopment project has the essentially the same definition. It is a planned undertaking that offers the possibility of bringing about economic development. Representatives of places seeking economic development ask prospects for project profiles and specifications. Experienced enterprise developers and site selectors know to be ready with the useful project information when they request location data, expecially, if they hope to utilized the services economic developers to organize incentives and cut red tape.

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