The important types of projects mentioned in the following points.
(1) Research and Development projects: Those traders are fast being intruded into by technological innovation a lot of money is required to be invested on the research and development programmes.
(2) Diversification project: Any project which wants to reduce its risks instead of giving its product to the same market, can start its business in different markets.
(3) Expansion projects: For any business organisation, when there is growing an instance demand of its product resulting in short supply, it becomes quite imperative increase its production capacity. As such additional capital investment is needed.
(4) Replacement project: Such project refer to the events of ruining or destruction of the capital assets, or the technological *** resulting into a statement, there is a need of replacement project. As such in this event, the old machines and equipments are required to be replaced with new one replacement projects for establishing new infrastructure are induced in this project planning.
(5) Miscellaneous Projects: Such ventures that need to invest in those projects which are not directly related to the earning of profits for example due to legal obligations an organisation is required to instal the pollutions control equipment. As such projects, it is the miscellaneous projects which are required.
