enterprise development project:

. . . a managed undertaking set within a designated timeframe and guided by a plan, such as the business plan of an enterprise Such a project has unique goals and objectives.

The uniqueness of enterprise development projects hangs on their contributions to economic development at the time of their conclusion. Economic development happens in a place, a community, a locale and so does enterprise development. Uniqueness is also recognized by the fact that projects are driven by growth and development initiatives within existing enterprises and their operations as well as initiatives to start up new ventures.

Projects are initiated by leaders of companies on the move or the like—business decision makers, for example, those participating in the .network mission. Project are generally recognized by .network mission contacts as being in one of three stages.

go back

about projects and their status:

The Enterprise & Economic Development Glossary defines projects in general, including two quotes from Wikipedia articles. Three levels of project status are listed below. They especially pertain to . . . enterprise development and its site selection component—the source of quote. The definition of enterprise development project is at the top of this page. Also see the definition of site selection project.

Tentative . . . exploratory project, one that may not move to preliminary status depending upon findings, but information, such as business intelligence and location data, is needed from resource and service provider contacts in anticipation that it will. A network should be in place or begin to form at this stage. It's unlikely that a project team will be identified; however, one or more management consultants might be involved, especially, if the anticipated project is to be discreetly activated. Individuals contacting resource and service providers are likely to identified and tracked as suspects.

Preliminary . . . a conditional project; i.e., certain assumptions are made, but if they turn out not to be true or if things change the project might be shelved. If the enterprise behind the project is large, a team of specialist will likely be formed, including consultants. A location consultant, for example, might be employed to handle site selection. A preliminary project will surely have some specifications (or selection criteria in the case of a site selection project) and likely not be operated out of a contingency fund as might be the case with a tentative project. More information is exposed to outsiders as a preliminary project get underway; therefore, savvy business decision makers will insist on risk management, for example, in the protection of things confidential. A preliminary project produces a prospect even if the identity of the enterprise behind it remains unknown. A project profile makes it easier for those from whom assistance is needed to respond effectively.

Active . . . a project guided by a timeline with benchmark points for getting things done. Time is of essence such that the preliminary project stage activities are ratcheted up in intensity as dealings between resource and service providers and their prospects are initiated. Competing locations seeking enterprise and economic development opportunities become aggressive in arranging and offering incentives. Also, in cases of relocation projects, alert communities on the loosing end might scramble to match or trump what is being offered elsewhere. Hot project is slang for active project.

FYI: definition of enterprise development project definition of enterprise development projects that bring about economic development what are enterprise development projects that lead to economic development what is an enterprise development project define tentative enterprise development project define tentative site selection project define preliminary enterprise development project define preliminary site selection project define active enterprise development project define active site selection project