A. Proj. Devt Cycle and MGT

PROJECT DEVELOPMENT CYCLE
AND MANAGEMENT
- the smallest, separable investment unit
that can be planned, financed and
implemented independently. It
involves the use of scarce resources
during a specific time period for the
purpose of generating a socio-
economic return in the form of goods
and services.
 Sectors (e.g. health, education, agriculture and
transport)
 Objectives (e.g. economic growth, social equity
and development)
 Number of purposes (single, multiple)
 Area of coverage (all integrated area development)
 Target beneficiaries (e.g. communal fishermen)
 Period of implementation (short or medium or
long-term project)
 Methodology and process (e.g. BOT project)
- Is a process that involves a
change from a present
dissatisfying situation to a
considerably improved state.
- It is ideally effected or
carried out in a participatory
manner with the beneficiaries
contributing (services or
otherwise) in the
implementation of the
project to ensure its
sustainability even after the
project life.
 the process composed of
phases through which a
3. Post- 1. Pre- project undergoes from
Investment Investment
Phase Phase
inception to maturity.
 the process is a cycle

2. because each phase of
Investment
Phase
analysis develops from
preceding ones which in
turn leads to subsequently
phases of investigation.
 is the discipline of
planning,
organizing,
securing, and
managing
resources to
achieve specific
goals.
 The combination of adaptive approaches based
on the project’s demands-characteristics
 A conscious decision to accelerate based on
business impact and an understanding of the
project ramifications
 Heightened levels of project support and
partnership
 An early determination of business
objectives…can’t figure it out as you go!
 Increased spending levels due to increased levels
of risk…which drive different team and control
mechanism structures-functions
 is known as “Project Life Cycle”
 is a continuous and dynamic

process with a great deal of
overlap, interaction and feedback
among the various phases.
1- Concept or
1 Identification Phase
2- Preparation Phase
9 2
3- Feasibility study and
Appraisal
8 3 4- Approval and
Financing
5- Detailed Engineering
6- Project
7 4
Implementation
7- Project Operation
6 5
8- Ex-post Evaluation
9- Future Project
 At this stage, an assessment is made
regarding the need for a new facility or
project. It involves the following stages:
1. Project concept or identification

2. Preparation
3. Feasibility study and appraisal
4. Approval and financing
 Themanagement
evaluates an idea.
 Identify
project to
implement from
various sources.
 It elaborates and
refines the concept
and does some
initial work to
define the
components that
make up the
project.
 Implementing agencies prepare the
various modules of the feasibility study.
 Determine if project is worthwhile to

implement.
 Comprises a more analytical exercise in

which the viability of the project is
examined from different points-of-view
and the project is planned in detail.
 Defines project parameters;
 Checks accuracy of info on
parameters;
 Decides on project.
 Once the right direction has been found and
the investor has decided to pursue the
investment, the true implementation of the
project begins. It involves the following
stages:
5. Detailed Engineering
6. Project Implementation
 The physical blueprint of the project is
completed and the program for
administration, operations and marketing is
finalized.
 The bulk of the actual
work on the project is
accomplished.
 Implementation means a
dynamic process where
everyone involved
constantly responds to
new problems or
changing circumstances
that may affect the
project’s outcome.
 During this period, the investor can use
staging as a powerful instrument to decide
upon each follow-on financing and with each
financing renewed on the level of his
monitoring effort and contribution to the
company as well as on the exercise of
previously agreed options. It involves the
following stages:
7. Project Operation
8. Ex-Post Evaluation
 A project reaches the full
operation stage after
investments have been
made. As the project
nears completion,
preparation must be
made for phasing out
activities and handling
over the project to the
new operational
administration.
 In an ex-post evaluation, elements of
success and of failure are analyzed.
The evaluation is conducted when a
project is completed. A project
evaluation is a must before any
follow-up project is planned.
With above basic information about
projects, the succeeding topics will
enable you to examine closely the
important areas needed in preparing a
project proposal in the form and kind
required by appropriate government
agency and other interested entities like
donors and funding agencies.
“The single best payoff in terms of project

success comes from having good project
definition early.” - RAND CORPORATION
MUCHAS GRACIAS!

A. Proj. Devt Cycle and MGT

Uploaded by

Copyright:

Available Formats

A. Proj. Devt Cycle and MGT

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

A. Proj. Devt Cycle and MGT

Uploaded by

Copyright:

Available Formats

PROJECT DEVELOPMENT CYCLE

 the process is a cycle

 is a continuous and dynamic

1. Project concept or identification

 Determine if project is worthwhile to

 Comprises a more analytical exercise in

“The single best payoff in terms of project

You might also like