north india technical consultancy orgn. ltd. · north india technical consultancy organisation ltd....
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NORTH INDIA TECHNICAL CONSULTANCY ORGN. LTD.
(Joint Venture of All India Financial Institutions, State Level Financial
Institutions, Public Sector Commercial Banks)
SCO 131-32, 1st Floor, Sector 17-C, Chandigarh
Phone: 0172-2703993, 2707371; Fax : 0172-2704994,
Email: [email protected], Web site : www.nitcon.org
ABOUT NITCON
NORTH INDIA TECHNICAL CONSULTANCY
ORGANISATION LTD. (NITCON), AN INDUSTRIAL,
TECHNICAL AND MANAGEMENT CONSULTANCY
ORGANISATION CAME INTO EXISTENCE IN THE YEAR
1984. NITCON HAS BEEN PROMOTED BY
(A) ALL INDIA FINANCIAL INSTITUTIONS (IFCI LTD.,
SIDBI, ICICI Ltd.),
(B) STATE LEVEL FINANCIAL INSTITUTIONS (PSIDC,
PSIEC, PFC), CITCO AND
(C) PUBLIC SECTOR COMMERCIAL BANKS (SBOP, SBI,
BOI, PNB, PSB, OBC, UCO, UBI)
OBJECTIVE:
TO RENDER COST EFFECTIVE
PROFESSIONAL – TECHNICAL/
MANAGERIAL CONSULTANCY SERVICES TO
TINY/ SMALL/ MEDIUM/ LARGE SCALE
INDUSTRIES/ ENTREPRENEURS/
INSTITUTIONS/ GOVT. AND GOVT.
AGENCIES.
• Human Resource Development
• Project Consultancy & Advisory
Services
• Energy Conservation /
Management Studies
N I T C O N ACTIVITIES
Till date NITCON has conducted 590
EDPs for different target groups and
Trained over 15,019 candidates. More
than 8,400 first generation entrepreneurs
have already implemented their units with
incremental investment of about Rs.2,520
lacs and creation of primary employment
of over 12,600 persons.
AREAS OF SPECIALISATION
• Preparation of Techno Economic Feasibility Reports
(TEFR)
• Project Evaluation/ Appraisal Studies
• Diagnostic studies of existing Sick industries units for
Corporate Debt Restructuring
• Stock Audits
• Valuation of Assets, Securities, Sale of assets, OTS
etc.
• Services under Securitisation Act 2002
Project Consultancy & Advisory Services
AREAS OF SPECIALISATION
• Electrical Energy Audits
• Thermal Energy Audits
• Assistance for Implementation
• Energy Conservation at New Projects and
at Expansion Stages
Energy Conservation / Management Studies
WHAT IS PROJECT?
IDEA
What is Project ? • “ A project is an organized unit
dedicated to the attainment of a
goal, the successful completion of a development project on time , within
budget, in conformance with
predetermined programme specifications .”
• Encyclopedia of Management.
• Attributes
• A Course of action
• Specific objectives
• Definite time perspective
Characteristics
1. Objectives: Every project has a well defined set of objectives.
2. Life Span: A project has a limited span of life which can a few days, weeks, months or years, it cannot continue endlessly.
3. Single entity: A project is one single entity and the responsibility is centralized.
4. Team work
5. Life Cycle: The principle stages of the cycle are identification , its design, preparation and appraisal, implementation and its evaluation.
6. Uniqueness: No two projects can be exactly similar.
7. Change prone: A project cannot be totally inflexible.
8. Successive: What will happen in the next stage is not known. The details gets finalised successively with the passage of time.
9. Customer Oriented : A project is made to the order of customer.
10. Unity : All the activities remain interrelated
11. Sub Contracting : High percentage of work is done through sub contracting.
12. Risk and uncertainty: The degree of risk and uncertainty will depend upon how a project has passed through its various life cycle phases.
PLANNING A PROJECT
Planning is the most important management
function in any type of industry or business,
irrespective of its size and ownership.
Need for proper planning is felt at each stage,
the three major stages being:-
(A) Project Formulation Stage.
(B) Project Implementation Stage.
(C) Project Operation Stage.
(A) PROJECT FORMULATION STAGE
Sickness is not always a post project implementation
feature. Many projects are born sick.
Project Selection: If the product selection is unsound, the
project is bound to face rough weather. Mainly two
selection situations have been observed which explain bulk
of the cases of faulty product selection.
a) Majority of the entrepreneurs in a particular area are
going in for specific industry e.g. Rolling Mills,
Sports Goods, Plastics, Cotton, Ginning, Oil Mills,
Textiles, etc.
The en-masse, indiscriminate entry brings in its way,
raw material shortages, labour availability problems
and acute competition.
(b) The failure to relate the product to one’s own
background is another common error in product
selection e.g. city based engineer launching an
agro based product.
Product Selection: There are several factors that are
required to be carefully studied for product selection e.g.
• Assessment of technology requirement.
• Optimum viable capacity of the plant.
• Location.
• Fixed Investment decisions.
• Equity Base
• Market Analysis.
Identifying a Viable Project:
The process of identifying a viable project depends
largely on careful study and matching of the
Entrepreneur’s personal characteristics, and
environmental factors, and the enterprise itself.
(III)
Enterprise
(I)
Entrepreneurs
(II)
Environment
Some of the personal characteristics
(Entrepreneur’s) to be considered while identifying a
project are:-
• Family Background
• Special Interests (relating to type of product)
• Previous experience (whether relevant to the project
under consideration)
• Skills, Managerial as well as technical.
• Personality Traits.
• Previous Trainings.
(I) Entrepreneurs – Personal Characteristics
(ii) ENVIRONMENTAL FACTORS
Government Policies.
Negative list or priority area.
Backward areas - tax benefits.
Level of technology in the area.
Competition with existing manufacturers.
Availability of raw material, skilled manpower, etc.
Demand/ Supply scenario
• Product Line – One must broadly identify one particular
line of activity keeping in view his personal traits/
interests and the environmental factors.
• Then, with a deeper insight into all above factors, one
can decide upon he type of products e.g. in Automobiles
one should identify which item. Engine parts,
suspension, transmission, accessories, etc. In packaging,
what type, boxes, plastic skin packing carry bags, etc.
• After selecting the type, one has to identify the range of
the product e.g. automobiles, Engine parts, then specific
parts, the engine parts like pistons, valves, housing, etc.
• Size of the unit and the technology required are also to
be determined after a thorough study of all the factors.
• Demand assessment is also very important.
(III) Enterprise
• Chances of diversification.
• The changes in technology and consumer
acceptance in the past and the likely trends in
future.
• The life of the product. It is advisable to launch a
project while it is in the growth stage. This
requires thorough study of market trends.
• SWOT Analysis involving assessment of personal
strengths and weaknesses with respect to that of
the project and the threats and opportunities posed
by the environment.
(IV) Other Factors
• Chances of diversification.
• The changes in technology and consumer acceptance
in the past and the likely trends in future.
• The life of the product. It is advisable to launch a
project while it is in the growth stage. This requires
thorough study of market trends.
• SWOT Analysis involving assessment of personal
strengths and weaknesses with respect to that of the
project and the threats and opportunities posed by
the environment.
(IV) Other Factors
The key components of the market survey report are as
follows:-
Introduction • End products
• End users
• Suitability and strength of selecting
the particular product.
Product • Specifications, sizes brands
packings, selling prices, etc.
Assessment of
Demand/supply
• Class and type of consumers.
• Patterns of consumption and
frequency of purchases.
• Product life cycle and present
status.Past demand pattern.Future
anticipated demand
projections.Buying criteria and
influencing factors.
MARKET SURVEY REPORT -- KEY COMPONENTS
COMMERCIAL APPRAISAL
North India Technical Consultancy Orgn. Ltd. (NITCON) SCO 131-132, 1st Floor,
Sector 17-C, Chandigarh Tele : 0172-2707371, 2703993