When it comes to conducting quality research and effecting meaningful projects, it indeed becomes crucial to understand the various parameters which should be considered while finalizing the topic of the project as unlike a short-term assignment like writing a research paper, the dimensions of the project might change mid-way on the virtue of the sheer scale and time-factor associated with the same. Question is, how the same could be ensured, that is, finalization of an effective topic for a research project? The question has been asked with reference to executing a project in management and social sciences