https://ceopedia.org/index.php?title=Project_cycle_management&feed=atom&action=historyProject cycle management - Revision history2024-03-29T00:37:06ZRevision history for this page on the wikiMediaWiki 1.39.4https://ceopedia.org/index.php?title=Project_cycle_management&diff=95707&oldid=prevSw: Text cleaning2023-11-18T01:53:37Z<p>Text cleaning</p>
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<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* '''economic and non-economic objectives''' - [[project evaluation]] must take into account the economic circumstances as well as the non-economic goals and limitations,</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* '''economic and non-economic objectives''' - [[project evaluation]] must take into account the economic circumstances as well as the non-economic goals and limitations,</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* '''financial and non-financial criteria''' - comparison of the results achieved and the required funding and to check whether the relationship meets the requirements of investors,</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* '''financial and non-financial criteria''' - comparison of the results achieved and the required funding and to check whether the relationship meets the requirements of investors,</div></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>* '''[[risk and uncertainty]]''' <del style="font-weight: bold; text-decoration: none;">– </del>assessment of projects is based on the prediction, and implementation takes place in variable and unpredictable [[environment]]. The assessment should take into account the different sources and types of risk and uncertainty</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>* '''[[risk and uncertainty]]''' <ins style="font-weight: bold; text-decoration: none;">- </ins>assessment of projects is based on the prediction, and implementation takes place in variable and unpredictable [[environment]]. The assessment should take into account the different sources and types of risk and uncertainty</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* '''quality of the data and their comparability''' - comparing the costs and benefits in different time periods requires taking into account changes in the value of [[money]] over time and the effects of [[inflation]]</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* '''quality of the data and their comparability''' - comparing the costs and benefits in different time periods requires taking into account changes in the value of [[money]] over time and the effects of [[inflation]]</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* '''interdependence of projects''' - should be taken into account whether the analysed projects will be implemented regardless of whether they are complementary or mutually exclusive</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* '''interdependence of projects''' - should be taken into account whether the analysed projects will be implemented regardless of whether they are complementary or mutually exclusive</div></td></tr>
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<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>==Types of evaluations in project cycle management==</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>==Types of evaluations in project cycle management==</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>From the point of view of the objectives and scope of the assessment:</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>From the point of view of the objectives and scope of the assessment:</div></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>* '''absolute assessment''' <del style="font-weight: bold; text-decoration: none;">– </del>allows to determine whether the project is [[cost]]-effective and should be implemented,</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>* '''absolute assessment''' <ins style="font-weight: bold; text-decoration: none;">- </ins>allows to determine whether the project is [[cost]]-effective and should be implemented,</div></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>* '''relative assessment''' <del style="font-weight: bold; text-decoration: none;">– </del>involve comparing and ranking of multiple projects before deciding on some of them,</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>* '''relative assessment''' <ins style="font-weight: bold; text-decoration: none;">- </ins>involve comparing and ranking of multiple projects before deciding on some of them,</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>Due to the timing of the assessment:</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>Due to the timing of the assessment:</div></td></tr>
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<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* Eggers, H. (1992). ''[http://www.tandfonline.com/doi/pdf/10.1080/02688867.1992.9726833 The Integrated Approach to project cycle management]''. Project Appraisal, 7(1), 3-10.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* Eggers, H. (1992). ''[http://www.tandfonline.com/doi/pdf/10.1080/02688867.1992.9726833 The Integrated Approach to project cycle management]''. Project Appraisal, 7(1), 3-10.</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* Eggers, H. (1994). ''[http://www.tandfonline.com/doi/pdf/10.1080/02688867.1994.9726929 Integrated project cycle management: roots and perspectives]''. Project Appraisal, 9(1), 59-65.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* Eggers, H. (1994). ''[http://www.tandfonline.com/doi/pdf/10.1080/02688867.1994.9726929 Integrated project cycle management: roots and perspectives]''. Project Appraisal, 9(1), 59-65.</div></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>* European Commission (2004), ''[http://ec.europa.eu/europeaid/aid-delivery-methods-project-cycle-management-guidelines-vol-1_en Aid Delivery Methods <del style="font-weight: bold; text-decoration: none;">– </del>Project Cycle Management Guidelines Vol 1]''</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>* European Commission (2004), ''[http://ec.europa.eu/europeaid/aid-delivery-methods-project-cycle-management-guidelines-vol-1_en Aid Delivery Methods <ins style="font-weight: bold; text-decoration: none;">- </ins>Project Cycle Management Guidelines Vol 1]''</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>{{aa|Krzysztof Wozniak}}</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>{{aa|Krzysztof Wozniak}}</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>[[Category:Project management]]</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>[[Category:Project management]]</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>[[pl:Zarządzanie cyklem życia projektu]]</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>[[pl:Zarządzanie cyklem życia projektu]]</div></td></tr>
</table>Swhttps://ceopedia.org/index.php?title=Project_cycle_management&diff=94433&oldid=prevSw: Infobox5 upgrade2023-11-17T23:51:55Z<p>Infobox5 upgrade</p>
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<td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">Revision as of 00:51, 18 November 2023</td>
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<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div><del style="font-weight: bold; text-decoration: none;"><li>[[Structure of enterprise planning system]]</li></del></div></td><td colspan="2" class="diff-side-added"></td></tr>
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<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div><del style="font-weight: bold; text-decoration: none;"><li>[[PMBOK framework]]</li></del></div></td><td colspan="2" class="diff-side-added"></td></tr>
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<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div><del style="font-weight: bold; text-decoration: none;"><li>[[Stakeholders analysis in project management]]</li></del></div></td><td colspan="2" class="diff-side-added"></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div><del style="font-weight: bold; text-decoration: none;"></ul></del></div></td><td colspan="2" class="diff-side-added"></td></tr>
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<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div><del style="font-weight: bold; text-decoration: none;"></del></div></td><td colspan="2" class="diff-side-added"></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div><del style="font-weight: bold; text-decoration: none;"></del></div></td><td colspan="2" class="diff-side-added"></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>'''[[Project]] Cycle [[Management]]''' is described in the document [http://ec.europa.eu/europeaid/aid-delivery-methods-project-cycle-management-guidelines-vol-1_en "Aid Delivery Methods"] developed by the European Commission. This methodology has been developed and adopted for use in projects implemented by the EU in 1992 and then updated in subsequent editions of this manual. The aim of the methodology is to harmonize and improve the [[quality]] of aid projects carried out by the European Union for development and the benefit of member countries. The methodology consists of 5 basic phases: programming, [[identification]], formulation, implementation, and [[audit]] and [[evaluation]].</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>'''[[Project]] Cycle [[Management]]''' is described in the document [http://ec.europa.eu/europeaid/aid-delivery-methods-project-cycle-management-guidelines-vol-1_en "Aid Delivery Methods"] developed by the European Commission. This methodology has been developed and adopted for use in projects implemented by the EU in 1992 and then updated in subsequent editions of this manual. The aim of the methodology is to harmonize and improve the [[quality]] of aid projects carried out by the European Union for development and the benefit of member countries. The methodology consists of 5 basic phases: programming, [[identification]], formulation, implementation, and [[audit]] and [[evaluation]].</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr>
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<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>In summary, Project Cycle Management involves a five-stage process of planning, design, implementation, monitoring and evaluation, and reporting. This approach is useful for ensuring that projects are carried out in an effective and efficient manner and that the expected results are achieved.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>In summary, Project Cycle Management involves a five-stage process of planning, design, implementation, monitoring and evaluation, and reporting. This approach is useful for ensuring that projects are carried out in an effective and efficient manner and that the expected results are achieved.</div></td></tr>
<tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;"></ins></div></td></tr>
<tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">{{infobox5|list1={{i5link|a=[[Preparation of project]]}} &mdash; {{i5link|a=[[Structure of enterprise planning system]]}} &mdash; {{i5link|a=[[Methodology for strategy definition]]}} &mdash; {{i5link|a=[[Strategic planning]]}} &mdash; {{i5link|a=[[Information and decision making]]}} &mdash; {{i5link|a=[[PMBOK framework]]}} &mdash; {{i5link|a=[[Stages of project]]}} &mdash; {{i5link|a=[[Logic matrix]]}} &mdash; {{i5link|a=[[Stakeholders analysis in project management]]}} }}</ins></div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>==References==</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>==References==</div></td></tr>
</table>Swhttps://ceopedia.org/index.php?title=Project_cycle_management&diff=86835&oldid=prev127.0.0.1: The LinkTitles extension automatically added links to existing pages (<a target="_blank" rel="noreferrer noopener" class="external free" href="https://github.com/bovender/LinkTitles">https://github.com/bovender/LinkTitles</a>).2023-03-20T11:53:52Z<p>The LinkTitles extension automatically added links to existing pages (<a target="_blank" rel="noreferrer noopener" class="external free" href="https://github.com/bovender/LinkTitles">https://github.com/bovender/LinkTitles</a>).</p>
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<td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">Revision as of 12:53, 20 March 2023</td>
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<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>[[Image:Project_Lifecycle.gif|thumb|right|Fig. 1. General phases of the project life cycle]]</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>[[Image:Project_Lifecycle.gif|thumb|right|Fig. 1. General phases of the project life cycle]]</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>==Project cycle management - III. Formulation stage==</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>==Project cycle management - III. Formulation stage==</div></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>The formulation stage is the third stage of the Project Cycle Management. At this stage, EU representatives confirm the feasibility of projects and gives green light to preparation of project plans and the decision regarding funding of the project. In the phase of formulating a main tool used to check the feasibility of the selected priority option is logical matrix. It supports the preparation of the draft [[plan]] with clear objectives, measurable results, [[risk]] management strategies, and specific [[levels of management]] responsibility. Logical matrix is used for [[planning]] and justification of the project, and to determine financial needs during the implementation.</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>The formulation stage is the third stage of the Project Cycle Management. At this stage, EU representatives confirm the feasibility of projects and gives green light to preparation of project plans and the decision regarding funding of the project. In the phase of formulating a main tool used to check the feasibility of the selected priority <ins style="font-weight: bold; text-decoration: none;">[[</ins>option<ins style="font-weight: bold; text-decoration: none;">]] </ins>is logical matrix. It supports the preparation of the draft [[plan]] with clear objectives, measurable results, [[risk]] management strategies, and specific [[levels of management]] responsibility. Logical matrix is used for [[planning]] and justification of the project, and to determine financial needs during the implementation.</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>This stage begins with a brief overview of the project aims and objectives, and after that project [[documentation]] is developed in detail. In this phase, small team composed of major [[stakeholders]] should be selected to manage the project. </div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>This stage begins with a brief overview of the project aims and objectives, and after that project [[documentation]] is developed in detail. In this phase, <ins style="font-weight: bold; text-decoration: none;">[[</ins>small team<ins style="font-weight: bold; text-decoration: none;">]] </ins>composed of major [[stakeholders]] should be selected to manage the project. </div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>The use of the logical matrix, allows for structuring project aims and objectives in the form of [[hierarchy]], according to which, assumptions of the project are created and monitoring indicators defined (together with appropriate sources of verification of their value). (After preparation of the logical matrix, project proposal is prepared, as well as the schedule of activities and budget.</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>The use of the logical matrix, allows for structuring project aims and objectives in the form of [[hierarchy]], according to which, assumptions of the project are created and monitoring indicators defined (together with appropriate sources of verification of their value). (After preparation of the logical matrix, <ins style="font-weight: bold; text-decoration: none;">[[</ins>project proposal<ins style="font-weight: bold; text-decoration: none;">]] </ins>is prepared, as well as the schedule of activities and budget.</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>The sequence of actions in the formulation stage:</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>The sequence of actions in the formulation stage:</div></td></tr>
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<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* evaluation of the relationship between cells in the matrix and adaptation if necessary,</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* evaluation of the relationship between cells in the matrix and adaptation if necessary,</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* preparation of project indicators and sources of verification</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* preparation of project indicators and sources of verification</div></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>* assessment of the environmental, social, gender, and race matters connected with project. Preparation of final version of the logical matrix</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>* assessment of the <ins style="font-weight: bold; text-decoration: none;">[[</ins>environmental<ins style="font-weight: bold; text-decoration: none;">]]</ins>, social, gender, and race matters connected with project. Preparation of final version of the logical matrix</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* completion of construction of logical matrix, identification of project inputs, actions, budget and other data,</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* completion of construction of logical matrix, identification of project inputs, actions, budget and other data,</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* budget preparation</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* budget preparation</div></td></tr>
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<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* preparation of a report describing how the project will be implemented</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* preparation of a report describing how the project will be implemented</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>At the end of the formulation stage, budget plan is prepared, which provides [[information]] about expenditure, sources of financing and the conditions for obtaining funds from grant. Statement of expenditure should enable the allocation of costs depending on the source of funding, so that each partner knows what contribution is expected from him. Budget plans and proposals for the project are analyzed from the point of view of rationality and [[efficiency]] of the expenditure.</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>At the end of the formulation stage, budget plan is prepared, which provides [[information]] about expenditure, sources of <ins style="font-weight: bold; text-decoration: none;">[[</ins>financing<ins style="font-weight: bold; text-decoration: none;">]] </ins>and the conditions for obtaining funds from grant. Statement of expenditure should enable the allocation of costs depending on the source of funding, so that each partner knows what contribution is expected from him. Budget plans and proposals for the project are analyzed from the point of view of rationality and [[efficiency]] of the expenditure.</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>==Project cycle management - IV. Implementation stage==</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>==Project cycle management - IV. Implementation stage==</div></td></tr>
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<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>==Key aspects of project evaluation in project cycle management==</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>==Key aspects of project evaluation in project cycle management==</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* '''strategic rationale''' - the purpose of the project must be consistent with the [[strategic objectives]],</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* '''strategic rationale''' - the purpose of the project must be consistent with the [[strategic objectives]],</div></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>* '''economic and non-economic objectives''' - project evaluation must take into account the economic circumstances as well as the non-economic goals and limitations,</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>* '''economic and non-economic objectives''' - <ins style="font-weight: bold; text-decoration: none;">[[</ins>project evaluation<ins style="font-weight: bold; text-decoration: none;">]] </ins>must take into account the economic circumstances as well as the non-economic goals and limitations,</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* '''financial and non-financial criteria''' - comparison of the results achieved and the required funding and to check whether the relationship meets the requirements of investors,</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* '''financial and non-financial criteria''' - comparison of the results achieved and the required funding and to check whether the relationship meets the requirements of investors,</div></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>* '''risk and uncertainty''' – assessment of projects is based on the prediction, and implementation takes place in variable and unpredictable [[environment]]. The assessment should take into account the different sources and types of risk and uncertainty</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>* '''<ins style="font-weight: bold; text-decoration: none;">[[</ins>risk and uncertainty<ins style="font-weight: bold; text-decoration: none;">]]</ins>''' – assessment of projects is based on the prediction, and implementation takes place in variable and unpredictable [[environment]]. The assessment should take into account the different sources and types of risk and uncertainty</div></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>* '''quality of the data and their comparability''' - comparing the costs and benefits in different time periods requires taking into account changes in the value of [[money]] over time and the effects of inflation</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>* '''quality of the data and their comparability''' - comparing the costs and benefits in different time periods requires taking into account changes in the value of [[money]] over time and the effects of <ins style="font-weight: bold; text-decoration: none;">[[</ins>inflation<ins style="font-weight: bold; text-decoration: none;">]]</ins></div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* '''interdependence of projects''' - should be taken into account whether the analysed projects will be implemented regardless of whether they are complementary or mutually exclusive</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* '''interdependence of projects''' - should be taken into account whether the analysed projects will be implemented regardless of whether they are complementary or mutually exclusive</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr>
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<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>Due to the timing of the assessment:</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>Due to the timing of the assessment:</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* '''prospective evaluation''' - takes place at the initial stage of project preparation,</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* '''prospective evaluation''' - takes place at the initial stage of project preparation,</div></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>* '''retrospective assessment''' - carried out after completion of the project</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>* '''retrospective assessment''' - carried out after <ins style="font-weight: bold; text-decoration: none;">[[</ins>completion of the project<ins style="font-weight: bold; text-decoration: none;">]]</ins></div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>From the standpoint of execution time:</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>From the standpoint of execution time:</div></td></tr>
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<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>==Advantages of Project cycle management==</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>==Advantages of Project cycle management==</div></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>* Project Cycle Management (PCM) provides a structured, systematic approach to the development, implementation and monitoring of projects, ensuring proper consideration of all relevant factors, such as the project objectives, available resources, and the local context.</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>* Project Cycle Management (PCM) provides a structured, <ins style="font-weight: bold; text-decoration: none;">[[</ins>systematic approach<ins style="font-weight: bold; text-decoration: none;">]] </ins>to the development, implementation and monitoring of projects, ensuring proper consideration of all relevant factors, such as the project objectives, available resources, and the local context.</div></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>* PCM helps to ensure that each stage of the project cycle is properly planned and implemented, making it easier to identify and address challenges or problems throughout the project's duration.</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>* PCM helps to ensure that each <ins style="font-weight: bold; text-decoration: none;">[[</ins>stage of the project<ins style="font-weight: bold; text-decoration: none;">]] </ins>cycle is properly planned and implemented, making it easier to identify and address challenges or problems throughout the project's duration.</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* PCM also helps to ensure that the project is properly evaluated at the end of its cycle, providing valuable insight into the project's successes and failures. This assessment can provide valuable lessons that can be used to inform and improve future projects.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* PCM also helps to ensure that the project is properly evaluated at the end of its cycle, providing valuable insight into the project's successes and failures. This assessment can provide valuable lessons that can be used to inform and improve future projects.</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* PCM helps to ensure that projects are planned and implemented in a coordinated, consistent way, reducing the risk of duplication of effort or confusion between different stakeholders.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* PCM helps to ensure that projects are planned and implemented in a coordinated, consistent way, reducing the risk of duplication of effort or confusion between different stakeholders.</div></td></tr>
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<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* Project Cycle Management is a linear process and often fails to consider the complexities of a project or a program. It tends to oversimplify the challenges that may arise during the course of the project and does not allow for flexibility when dealing with changes in the environment.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* Project Cycle Management is a linear process and often fails to consider the complexities of a project or a program. It tends to oversimplify the challenges that may arise during the course of the project and does not allow for flexibility when dealing with changes in the environment.</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* The methodology does not provide an adequate framework for [[stakeholder]] engagement, which can be an important aspect of the project cycle. Stakeholders should be included throughout the process to ensure that their interests are taken into consideration.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* The methodology does not provide an adequate framework for [[stakeholder]] engagement, which can be an important aspect of the project cycle. Stakeholders should be included throughout the process to ensure that their interests are taken into consideration.</div></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>* Project Cycle Management does not provide a mechanism for monitoring and evaluating the progress of the project, which can be critical for successful project completion. Without a monitoring and evaluation [[system]], it can be difficult to determine whether the project is on-track and whether project objectives are being met.</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>* Project Cycle Management does not provide a mechanism for monitoring and evaluating the <ins style="font-weight: bold; text-decoration: none;">[[</ins>progress of the project<ins style="font-weight: bold; text-decoration: none;">]]</ins>, which can be critical for successful project completion. Without a monitoring and evaluation [[system]], it can be difficult to determine whether the project is on-track and whether project objectives are being met.</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* Project Cycle Management does not provide a comprehensive framework for [[risk management]]. Although the methodology does provide guidance on risk assessment and mitigation, it does not provide a comprehensive framework for managing risks throughout the project. Without an effective risk [[management system]], risks can easily be overlooked or underestimated.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* Project Cycle Management does not provide a comprehensive framework for [[risk management]]. Although the methodology does provide guidance on risk assessment and mitigation, it does not provide a comprehensive framework for managing risks throughout the project. Without an effective risk [[management system]], risks can easily be overlooked or underestimated.</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr>
</table>127.0.0.1https://ceopedia.org/index.php?title=Project_cycle_management&diff=84375&oldid=prevSw: Infobox update2023-03-19T22:59:17Z<p>Infobox update</p>
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<td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">Revision as of 23:59, 19 March 2023</td>
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</table>Swhttps://ceopedia.org/index.php?title=Project_cycle_management&diff=73827&oldid=prev127.0.0.1: The LinkTitles extension automatically added links to existing pages (<a target="_blank" rel="noreferrer noopener" class="external free" href="https://github.com/bovender/LinkTitles">https://github.com/bovender/LinkTitles</a>).2023-02-15T10:24:46Z<p>The LinkTitles extension automatically added links to existing pages (<a target="_blank" rel="noreferrer noopener" class="external free" href="https://github.com/bovender/LinkTitles">https://github.com/bovender/LinkTitles</a>).</p>
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<td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">Revision as of 11:24, 15 February 2023</td>
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<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div> </div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div> </div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* The European Commission's Erasmus+ programme is a good example of project cycle management. This project, which supports educational exchanges between European countries, follows the methodology of project cycle management. This includes the phases of programming, identification, formulation, implementation, and audit and evaluation. The project identifies the needs and objectives of educational exchanges, designs the activities, implements them and evaluates their results. </div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* The European Commission's Erasmus+ programme is a good example of project cycle management. This project, which supports educational exchanges between European countries, follows the methodology of project cycle management. This includes the phases of programming, identification, formulation, implementation, and audit and evaluation. The project identifies the needs and objectives of educational exchanges, designs the activities, implements them and evaluates their results. </div></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>* The World Bank is another example of project cycle management. It follows the same five phases to ensure that the projects it supports are successful. The World Bank identifies the need for a project, formulates a solution, implements the project and evaluates its success. The Bank then audits the project to ensure that it is achieving its goals and making a positive impact in its target area. </div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>* The <ins style="font-weight: bold; text-decoration: none;">[[</ins>World Bank<ins style="font-weight: bold; text-decoration: none;">]] </ins>is another example of project cycle management. It follows the same five phases to ensure that the projects it supports are successful. The World Bank identifies the need for a project, formulates a solution, implements the project and evaluates its success. The Bank then audits the project to ensure that it is achieving its goals and making a positive impact in its target area. </div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* The United Nations Development Programme is another example of project cycle management. It follows the five phases of project cycle management to ensure that the aid it provides is effective. The UNDP identifies the needs of the recipient countries, formulates a plan, implements the project and evaluates its success. The UNDP then audits the project to ensure that it is meeting its goals and making a positive impact.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* The United Nations Development Programme is another example of project cycle management. It follows the five phases of project cycle management to ensure that the aid it provides is effective. The UNDP identifies the needs of the recipient countries, formulates a plan, implements the project and evaluates its success. The UNDP then audits the project to ensure that it is meeting its goals and making a positive impact.</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr>
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<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>==Limitations of Project cycle management==</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>==Limitations of Project cycle management==</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* Project Cycle Management is a linear process and often fails to consider the complexities of a project or a program. It tends to oversimplify the challenges that may arise during the course of the project and does not allow for flexibility when dealing with changes in the environment.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* Project Cycle Management is a linear process and often fails to consider the complexities of a project or a program. It tends to oversimplify the challenges that may arise during the course of the project and does not allow for flexibility when dealing with changes in the environment.</div></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>* The methodology does not provide an adequate framework for stakeholder engagement, which can be an important aspect of the project cycle. Stakeholders should be included throughout the process to ensure that their interests are taken into consideration.</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>* The methodology does not provide an adequate framework for <ins style="font-weight: bold; text-decoration: none;">[[</ins>stakeholder<ins style="font-weight: bold; text-decoration: none;">]] </ins>engagement, which can be an important aspect of the project cycle. Stakeholders should be included throughout the process to ensure that their interests are taken into consideration.</div></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>* Project Cycle Management does not provide a mechanism for monitoring and evaluating the progress of the project, which can be critical for successful project completion. Without a monitoring and evaluation system, it can be difficult to determine whether the project is on-track and whether project objectives are being met.</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>* Project Cycle Management does not provide a mechanism for monitoring and evaluating the progress of the project, which can be critical for successful project completion. Without a monitoring and evaluation <ins style="font-weight: bold; text-decoration: none;">[[</ins>system<ins style="font-weight: bold; text-decoration: none;">]]</ins>, it can be difficult to determine whether the project is on-track and whether project objectives are being met.</div></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>* Project Cycle Management does not provide a comprehensive framework for risk management. Although the methodology does provide guidance on risk assessment and mitigation, it does not provide a comprehensive framework for managing risks throughout the project. Without an effective risk management system, risks can easily be overlooked or underestimated.</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>* Project Cycle Management does not provide a comprehensive framework for <ins style="font-weight: bold; text-decoration: none;">[[</ins>risk management<ins style="font-weight: bold; text-decoration: none;">]]</ins>. Although the methodology does provide guidance on risk assessment and mitigation, it does not provide a comprehensive framework for managing risks throughout the project. Without an effective risk <ins style="font-weight: bold; text-decoration: none;">[[</ins>management system<ins style="font-weight: bold; text-decoration: none;">]]</ins>, risks can easily be overlooked or underestimated.</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>==Other approaches related to Project cycle management==</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>==Other approaches related to Project cycle management==</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* '''Planning''': Planning involves setting objectives and identifying the most appropriate strategies and methods for achieving them. It requires an assessment of the resources available and how they can be used most effectively to meet the objectives.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* '''Planning''': Planning involves setting objectives and identifying the most appropriate strategies and methods for achieving them. It requires an assessment of the resources available and how they can be used most effectively to meet the objectives.</div></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>* '''Design''': Designing a project involves developing a detailed plan of action and determining the necessary resources to implement it. It includes the selection of appropriate activities, the definition of the roles of actors, and the identification of the necessary resources.</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>* '''Design''': Designing a project involves developing a detailed plan of <ins style="font-weight: bold; text-decoration: none;">[[</ins>action<ins style="font-weight: bold; text-decoration: none;">]] </ins>and determining the necessary resources to implement it. It includes the selection of appropriate activities, the definition of the roles of actors, and the identification of the necessary resources.</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* '''Implementation''': During implementation the activities defined during the design stage are put into practice. This includes procuring and managing the resources required, as well as monitoring progress and making any necessary adjustments.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* '''Implementation''': During implementation the activities defined during the design stage are put into practice. This includes procuring and managing the resources required, as well as monitoring progress and making any necessary adjustments.</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* '''Monitoring and Evaluation''': Monitoring and evaluation involve assessing the progress and results of the project and making necessary changes if needed. This includes collecting data, analysing it, and making recommendations for future improvement.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* '''Monitoring and Evaluation''': Monitoring and evaluation involve assessing the progress and results of the project and making necessary changes if needed. This includes collecting data, analysing it, and making recommendations for future improvement.</div></td></tr>
</table>127.0.0.1https://ceopedia.org/index.php?title=Project_cycle_management&diff=73826&oldid=prevSw: Article improvement2023-02-15T10:24:26Z<p>Article improvement</p>
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<td colspan="2" class="diff-lineno">Line 21:</td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>==Project cycle management - II. Identification stage==</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>==Project cycle management - II. Identification stage==</div></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div><del style="font-weight: bold; text-decoration: none;"></del></div></td><td colspan="2" class="diff-side-added"></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>Identification is the second phase of the project cycle management, its essence is the identification of projects which are consistent with the strategy defined in programming phase. In the identification phase ideas of projects and proposals are pre-analyzed to get an answer to the question of whether their implementation is possible, feasible and profitable. In the identification phase, workshops are often uses with an independent moderator, whose aim is to reach agreement on the issues and goals of the project. Identification phase uses the [[method]] of logical matrix to determine the main objectives, current situation and evaluation of the degree of adaptation of the project to objectives and [[needs]].</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>Identification is the second phase of the project cycle management, its essence is the identification of projects which are consistent with the strategy defined in programming phase. In the identification phase ideas of projects and proposals are pre-analyzed to get an answer to the question of whether their implementation is possible, feasible and profitable. In the identification phase, workshops are often uses with an independent moderator, whose aim is to reach agreement on the issues and goals of the project. Identification phase uses the [[method]] of logical matrix to determine the main objectives, current situation and evaluation of the degree of adaptation of the project to objectives and [[needs]].</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr>
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<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* '''short-term project assessment''' - for project with duration of less than one year</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* '''short-term project assessment''' - for project with duration of less than one year</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* '''long-term project assessment''' - requires a more sophisticated methods of assessing the effectiveness, using the so-called. dynamic methods (NPV, IRR, etc.).</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* '''long-term project assessment''' - requires a more sophisticated methods of assessing the effectiveness, using the so-called. dynamic methods (NPV, IRR, etc.).</div></td></tr>
<tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;"></ins></div></td></tr>
<tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">==Examples of Project cycle management==</ins></div></td></tr>
<tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;"> </ins></div></td></tr>
<tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">* The European Commission's Erasmus+ programme is a good example of project cycle management. This project, which supports educational exchanges between European countries, follows the methodology of project cycle management. This includes the phases of programming, identification, formulation, implementation, and audit and evaluation. The project identifies the needs and objectives of educational exchanges, designs the activities, implements them and evaluates their results. </ins></div></td></tr>
<tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">* The World Bank is another example of project cycle management. It follows the same five phases to ensure that the projects it supports are successful. The World Bank identifies the need for a project, formulates a solution, implements the project and evaluates its success. The Bank then audits the project to ensure that it is achieving its goals and making a positive impact in its target area. </ins></div></td></tr>
<tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">* The United Nations Development Programme is another example of project cycle management. It follows the five phases of project cycle management to ensure that the aid it provides is effective. The UNDP identifies the needs of the recipient countries, formulates a plan, implements the project and evaluates its success. The UNDP then audits the project to ensure that it is meeting its goals and making a positive impact.</ins></div></td></tr>
<tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;"></ins></div></td></tr>
<tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">==Advantages of Project cycle management==</ins></div></td></tr>
<tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">* Project Cycle Management (PCM) provides a structured, systematic approach to the development, implementation and monitoring of projects, ensuring proper consideration of all relevant factors, such as the project objectives, available resources, and the local context.</ins></div></td></tr>
<tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">* PCM helps to ensure that each stage of the project cycle is properly planned and implemented, making it easier to identify and address challenges or problems throughout the project's duration.</ins></div></td></tr>
<tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">* PCM also helps to ensure that the project is properly evaluated at the end of its cycle, providing valuable insight into the project's successes and failures. This assessment can provide valuable lessons that can be used to inform and improve future projects.</ins></div></td></tr>
<tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">* PCM helps to ensure that projects are planned and implemented in a coordinated, consistent way, reducing the risk of duplication of effort or confusion between different stakeholders.</ins></div></td></tr>
<tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">* PCM also helps to ensure that projects are properly monitored and evaluated, allowing for timely adjustments to be made if needed. This allows for more successful projects in the long term.</ins></div></td></tr>
<tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;"></ins></div></td></tr>
<tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">==Limitations of Project cycle management==</ins></div></td></tr>
<tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">* Project Cycle Management is a linear process and often fails to consider the complexities of a project or a program. It tends to oversimplify the challenges that may arise during the course of the project and does not allow for flexibility when dealing with changes in the environment.</ins></div></td></tr>
<tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">* The methodology does not provide an adequate framework for stakeholder engagement, which can be an important aspect of the project cycle. Stakeholders should be included throughout the process to ensure that their interests are taken into consideration.</ins></div></td></tr>
<tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">* Project Cycle Management does not provide a mechanism for monitoring and evaluating the progress of the project, which can be critical for successful project completion. Without a monitoring and evaluation system, it can be difficult to determine whether the project is on-track and whether project objectives are being met.</ins></div></td></tr>
<tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">* Project Cycle Management does not provide a comprehensive framework for risk management. Although the methodology does provide guidance on risk assessment and mitigation, it does not provide a comprehensive framework for managing risks throughout the project. Without an effective risk management system, risks can easily be overlooked or underestimated.</ins></div></td></tr>
<tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;"></ins></div></td></tr>
<tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">==Other approaches related to Project cycle management==</ins></div></td></tr>
<tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">* '''Planning''': Planning involves setting objectives and identifying the most appropriate strategies and methods for achieving them. It requires an assessment of the resources available and how they can be used most effectively to meet the objectives.</ins></div></td></tr>
<tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">* '''Design''': Designing a project involves developing a detailed plan of action and determining the necessary resources to implement it. It includes the selection of appropriate activities, the definition of the roles of actors, and the identification of the necessary resources.</ins></div></td></tr>
<tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">* '''Implementation''': During implementation the activities defined during the design stage are put into practice. This includes procuring and managing the resources required, as well as monitoring progress and making any necessary adjustments.</ins></div></td></tr>
<tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">* '''Monitoring and Evaluation''': Monitoring and evaluation involve assessing the progress and results of the project and making necessary changes if needed. This includes collecting data, analysing it, and making recommendations for future improvement.</ins></div></td></tr>
<tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">* '''Reporting''': Reporting involves documenting the outcomes of the project and providing feedback to stakeholders.</ins></div></td></tr>
<tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;"></ins></div></td></tr>
<tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">In summary, Project Cycle Management involves a five-stage process of planning, design, implementation, monitoring and evaluation, and reporting. This approach is useful for ensuring that projects are carried out in an effective and efficient manner and that the expected results are achieved.</ins></div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>==References==</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>==References==</div></td></tr>
</table>Swhttps://ceopedia.org/index.php?title=Project_cycle_management&diff=58225&oldid=prevSw: Infobox update2019-12-01T17:58:22Z<p>Infobox update</p>
<p><b>New page</b></p><div>{{infobox4<br />
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<ul><br />
<li>[[Preparation of project]]</li><br />
<li>[[Logic matrix]]</li><br />
<li>[[Stages of project]]</li><br />
<li>[[Strategic controlling]]</li><br />
<li>[[Modeling of production development]]</li><br />
<li>[[Decision point]]</li><br />
<li>[[Structure of enterprise planning system]]</li><br />
<li>[[DMAIC methodology]]</li><br />
<li>[[Feature-driven development]]</li><br />
</ul><br />
}}<br />
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'''[[Project]] Cycle [[Management]]''' is described in the document [http://ec.europa.eu/europeaid/aid-delivery-methods-project-cycle-management-guidelines-vol-1_en "Aid Delivery Methods"] developed by the European Commission. This methodology has been developed and adopted for use in projects implemented by the EU in 1992 and then updated in subsequent editions of this manual. The aim of the methodology is to harmonize and improve the [[quality]] of aid projects carried out by the European Union for development and the benefit of member countries. The methodology consists of 5 basic phases: programming, [[identification]], formulation, implementation, and [[audit]] and [[evaluation]].<br />
<br />
==Project cycle management - I. Programming stage==<br />
Programming is the initial phase of the life cycle of the project, involving an agreement between the countries - beneficiaries and the European Union Document of National [[Strategy]]. In this step, EU and interested countries determine preliminary conditions for cooperation - general guidelines, principles of cooperation. The arrangements involve extent to which the EU will make available its resources and for what purpose (what areas require support with the help of EU funds).<br />
<br />
==Project cycle management - II. Identification stage==<br />
<br />
Identification is the second phase of the project cycle management, its essence is the identification of projects which are consistent with the strategy defined in programming phase. In the identification phase ideas of projects and proposals are pre-analyzed to get an answer to the question of whether their implementation is possible, feasible and profitable. In the identification phase, workshops are often uses with an independent moderator, whose aim is to reach agreement on the issues and goals of the project. Identification phase uses the [[method]] of logical matrix to determine the main objectives, current situation and evaluation of the degree of adaptation of the project to objectives and [[needs]].<br />
<br />
[[Image:Project_Lifecycle.gif|thumb|right|Fig. 1. General phases of the project life cycle]]<br />
==Project cycle management - III. Formulation stage==<br />
The formulation stage is the third stage of the Project Cycle Management. At this stage, EU representatives confirm the feasibility of projects and gives green light to preparation of project plans and the decision regarding funding of the project. In the phase of formulating a main tool used to check the feasibility of the selected priority option is logical matrix. It supports the preparation of the draft [[plan]] with clear objectives, measurable results, [[risk]] management strategies, and specific [[levels of management]] responsibility. Logical matrix is used for [[planning]] and justification of the project, and to determine financial needs during the implementation.<br />
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This stage begins with a brief overview of the project aims and objectives, and after that project [[documentation]] is developed in detail. In this phase, small team composed of major [[stakeholders]] should be selected to manage the project. <br />
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The use of the logical matrix, allows for structuring project aims and objectives in the form of [[hierarchy]], according to which, assumptions of the project are created and monitoring indicators defined (together with appropriate sources of verification of their value). (After preparation of the logical matrix, project proposal is prepared, as well as the schedule of activities and budget.<br />
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The sequence of actions in the formulation stage:<br />
* translation of objectives into a logical matrix<br />
* development of objectives and assumptions,<br />
* evaluation of the relationship between cells in the matrix and adaptation if necessary,<br />
* preparation of project indicators and sources of verification<br />
* assessment of the environmental, social, gender, and race matters connected with project. Preparation of final version of the logical matrix<br />
* completion of construction of logical matrix, identification of project inputs, actions, budget and other data,<br />
* budget preparation<br />
* collecting and summarizing all the [[work]] obtained during previous stages<br />
* preparation of a report describing how the project will be implemented<br />
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At the end of the formulation stage, budget plan is prepared, which provides [[information]] about expenditure, sources of financing and the conditions for obtaining funds from grant. Statement of expenditure should enable the allocation of costs depending on the source of funding, so that each partner knows what contribution is expected from him. Budget plans and proposals for the project are analyzed from the point of view of rationality and [[efficiency]] of the expenditure.<br />
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==Project cycle management - IV. Implementation stage==<br />
Logical matrix is used during the implementation as a basis for identification of [[information needs]] of stakeholders, project managers and project funding authority. In fact, the required level of detail and frequency of reporting will vary depending on the level of management. For example, project administrators will [[need]] information on the daily activities of the contractor, they will report only aggregate summary information in lower frequency or deviations from the plan. Overview of implementation procedures involves the review of what actions will be taken and by whom... <br />
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Through a review of the implementation procedures, in consultation with the staff of the partnering institution, project managers obtain clarification on the role, function and responsibility and can clearly define the relationship between information needs and levels of management.<br />
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Effective reporting is dependent on whether the users and the creators of the reports in the same way understand why the reports are needed and how they will be used. <br />
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Over time both users of information and how they use it changes, the identification of information requirements is in consequence an iterative [[process]], and those responsible for monitoring and evaluation will need to continuously review the user information requirements by:<br />
* Taking part in meetings devoted to planning and review, to record the common deficiencies or to determine what information is unnecessary for effective [[decision making]].<br />
* Encouraging users to submit comments and suggestions on the content and format of reports directly to persons preparing the reports.<br />
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==Project cycle management - V. Evaluation and audit stage==<br />
Evaluation and audit stage is the fifth phase of the Project Cycle Management. It involves assessing activities which are the responsibility of another party.<br />
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During the project, an assessment is made to ensure that the project proceeds as expected. In [[government]] projects periodic audits may be provided as part of the overall contract. In any case, the [[external audit]] should provide comfort to the project partners, that efficient [[project management]] process is used, and that the project is proceeding according to schedule.<br />
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Correct and thorough evaluation of projects apply to all kinds of projects, both long term and short term, requiring greater or lesser commitment of resources.<br />
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==Key aspects of project evaluation in project cycle management==<br />
* '''strategic rationale''' - the purpose of the project must be consistent with the [[strategic objectives]],<br />
* '''economic and non-economic objectives''' - project evaluation must take into account the economic circumstances as well as the non-economic goals and limitations,<br />
* '''financial and non-financial criteria''' - comparison of the results achieved and the required funding and to check whether the relationship meets the requirements of investors,<br />
* '''risk and uncertainty''' – assessment of projects is based on the prediction, and implementation takes place in variable and unpredictable [[environment]]. The assessment should take into account the different sources and types of risk and uncertainty<br />
* '''quality of the data and their comparability''' - comparing the costs and benefits in different time periods requires taking into account changes in the value of [[money]] over time and the effects of inflation<br />
* '''interdependence of projects''' - should be taken into account whether the analysed projects will be implemented regardless of whether they are complementary or mutually exclusive<br />
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==Types of evaluations in project cycle management==<br />
From the point of view of the objectives and scope of the assessment:<br />
* '''absolute assessment''' – allows to determine whether the project is [[cost]]-effective and should be implemented,<br />
* '''relative assessment''' – involve comparing and ranking of multiple projects before deciding on some of them,<br />
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Due to the timing of the assessment:<br />
* '''prospective evaluation''' - takes place at the initial stage of project preparation,<br />
* '''retrospective assessment''' - carried out after completion of the project<br />
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From the standpoint of execution time:<br />
* '''short-term project assessment''' - for project with duration of less than one year<br />
* '''long-term project assessment''' - requires a more sophisticated methods of assessing the effectiveness, using the so-called. dynamic methods (NPV, IRR, etc.).<br />
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==References==<br />
* Eggers, H. (1992). ''[http://www.tandfonline.com/doi/pdf/10.1080/02688867.1992.9726833 The Integrated Approach to project cycle management]''. Project Appraisal, 7(1), 3-10.<br />
* Eggers, H. (1994). ''[http://www.tandfonline.com/doi/pdf/10.1080/02688867.1994.9726929 Integrated project cycle management: roots and perspectives]''. Project Appraisal, 9(1), 59-65.<br />
* European Commission (2004), ''[http://ec.europa.eu/europeaid/aid-delivery-methods-project-cycle-management-guidelines-vol-1_en Aid Delivery Methods – Project Cycle Management Guidelines Vol 1]''<br />
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{{aa|Krzysztof Wozniak}}<br />
[[Category:Project management]]<br />
[[pl:Zarządzanie cyklem życia projektu]]</div>Sw