The correct sequence for the development of a project typically follows a logical flow — starting from identifying an opportunity to executing the project. Here’s the breakdown:

1. Identification of investment opportunity
   This is the first step, where potential business ideas or sectors are explored. Entrepreneurs scan the environment for gaps, emerging trends, or needs that can be addressed through a new venture.

2. Selection of business idea for a detailed analysis from the competing ideas
   Once multiple ideas are generated, the most promising one is shortlisted for further evaluation. This helps focus resources on ideas with the highest potential.

3. Feasibility analysis
   The chosen idea undergoes a detailed study to check whether it’s technically, financially, and market-wise viable. It ensures that the idea is practical and sustainable.

4. Arrangements for financing
   After establishing feasibility, the entrepreneur moves to secure the necessary funds, whether through loans, investors, or internal resources, to implement the project.

5. Project installation and initiation
   Finally, the project is set up and launched, involving site setup, hiring, procurement, and operationalization.