Business and Project Management: A Project Concept Note - Essay Example

The company revenue base will expand and marketing is expected to be relatively easy since Green Bins already has farmers who will form the bulk of the market as customers for its compost. The research period and investment for this particular product are almost none existent since there are already industry accepted standards and processes that will be followed in production, this means that once the necessary equipment is installed and the required manpower hired, production will start immediately thus saving the company time that would otherwise have been spent on preliminaries.

Using the PEST analysis, the political issues surrounding the project are mainly with regard to existing environmental licensing and tax laws, Green Bins has been careful to obey all laws, both municipal and national. The government is very keen to deal with the plastic and deforestation menace. These are the twin issues that this project will deal with, thus complementing the government’s efforts. On the socio-economic front, Green Bins Incorporated is focused on making an income for its shareholders while ensuring that the environment is kept clean and sustainable at all times.

The company was formed after its founders realized that solid waste disposal was a big challenge for people living in our town hence an opportunity was found in that area to solve the problem. This led to formation of the company as a garbage collection and disposal outfit. The company collects garbage once per week in every household for a fee of $3 every week. As a way of properly disposing the garbage collected and maximizing profit from it, the company started separating the garbage along biodegradable, non-biodegradable lines.

After separation, compost is then made out of the organic waste; the compost is sold to farmers especially those that are engaged in organic farming. This compost is much sought after. Recycling of organic waste does nothing to solve