Enterprise Environmental Factors (EEF)

Will you start a new project in a country which is badly affected by a pandemic? Will you not check for the medical facilities available before investing? Will you start a project in a country where there is political unrest?.

• These days large project endeavours look similar to enterprises and PM plays the CEO role within projects.

• Large projects are getting more and more complex and project failures will eat into the profitability of the enterprise, if not wiping out the enterprise.

• Understanding the project enterprise’s environmental factors upfront will help to factor them into Project plans and manage them pro-actively.

Examples of enterprise environmental factors (EEF)

• Labour laws

• Bank interest rates

• National holidays

• Manpower costs

• Political stability

• Climatic conditions

• Probability for extreme climatic conditions

• Local culture

• Government rules

• Transport facilities

• Geographical conditions

• Trade unions

• Manpower availability

• Corruption levels

• Historical data

• Legal systems

• Health care systems

• Health and safety norms

• Payment terms

• Payroll norms

• Taxation etc

These are just examples. A good understanding of the Enterprise Environmental Factors (EEF) will help to estimate, plan, execute, monitor, control and close projects successfully.