A project concept can be implemented in a matter of weeks, or it can be a complex concept that will require a monumental engineering feat and a few years to accomplish. The concept describes either a problem that needs to be solved or a solution to a problem.
By Colleen Garton and Erika McCulloch
Editor's Note: This article is excerpted from chapter 3 of Fundamentals of Technology Project Management, by Colleen Garton and Erika McCulloch.
The concept may be presented verbally or as a Project Concept Document. In some companies, the concept is considered part of the Project Proposal process while in others it is a separate step, with a formal document, which is used to attain initial approval prior to creating a Project Proposal.