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Jun 24, 2008

English Chinese translation sample-management training-comparing projects and considering market condition

(Translated by freelance Chinese translator li – English to Chinese translation or Chinese to English translation services- website localization)

When comparing two or more projects, consider which project offers the greater financial gain. Use more than one methodology and compare the results.
Are they consistent? If you plan to use Net Present Value to assess financial risk and rewards, ask yourself what the initial investment is and what the future earnings will be.The project with the greater NPV is the project that will be best financially. Return on Investment can be used to assess which project is estimated to bring the company more money. You can use this quantitative method to compare projects as well.
Also, consider less tangible benefits, such as creating a new niche or enhancing reputation in the community. If you plan to use the Internal Rate of Return to help you compare projects, you should avoid an investment or project if its IRR is less than your cost of capital or minimum desired rate of return. You should look for the project that has the shortest Payback Period, or time it takes a project to recover its initial cost, when using this tool to compare projects.

Consider market conditions. Once you have evaluated the market conditions via research and possibly consulting experts, you can use that information to move forward.
Good market conditions indicate that there is a need for your product or service and people are willing to pay for the product or service. Evaluate the competition to determine if there is a product or service similar to your creation already in the marketplace. Determine if your creation is different enough to set it apart from the competition's existing product or service. Why would a customer choose your product over your competitor's offering?
If market conditions are not good, is it possible to make changes to the project that would improve the situation?

好的市场状况意味着存在对你产品或服务的需求 ,人们愿意为此而支付。考察竞争状况,市场上是否有同你近似的产品或者服务。判断你的产品或服务是否有鲜明的特征,与现存的产品或服务相区分。为什么顾客会选择你的产品而不是竞争对手的产品?

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