PROJECTS FORMULATION

PROJECTS FORMULATION

1. Errors that appear in the formulation of the projects

   • The same is always done
   • Something new is always being promoted
   • There is no balance between exploitation and exploration

2. Difference between an exploration project and an exploitation project

   • Exploration
     • There is a short-term risk but not a long-term one
     • The exploration seeks to innovate
     • The exploration seeks to discover new things
   • Exploitation
     • Maintain an unmodified product on the market
     • The exploitation is not to innovate
     • There is no risk in the short term, but in the long term

3. Two cases of companies that have exploitation and exploration projects

   • Exploration
     • Bayer Colombia
   • Exploitation
     • Seguros del Estado

4. Profile of the project manager for the project I am working as a team

   • Executing manager
     • Seeks business opportunities that are within existing strategic boundaries
     • It has excellent cases
     • There is no risk, uncertainty or challenge, only a need for execution
     • The opportunity for growth is well documented and aligned with the existing strategy

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