Project Planning & Management - Aspects of Development

Doctoral Thesis / Dissertation from the year 2011 in the subject Business economics - Business Management, Corporate Governance, grade: B, ( Atlantic International University ) (BUSINESS MANAGEMENT AND ECONOMICS), course: REGIONAL DEVELOPMENT. - Development Studies, language: English, abstract: A project comprise a series of activities (investments) that

aim at solving problems within a given time frame with a

clear set of objectives for man¿s benefit. It is an undertaking

that involves the commitment of scarce resources in the

expectation of future benefits. According to Heagney (2012:

2), a project should have a definite starting and end point

(time), a budget (cost), or a certain magnitude of work and

specific performance. Before achieving the objectives, a

project goes through several stages of a project cycle.

The Project life Cycle refers to a logical sequence of activities

to accomplish the project¿s goals or objectives. Regardless of

scope or complexity, any project goes through a series of

stages during its life. The first stage is the birth phase or

Identification. In this stage the outputs and critical success

factors are defined. This is followed by a Planning phase,

characterized by breaking down the project into smaller

parts/tasks. In the Execution phase, the project plan is

executed, and lastly a Closure or Exit phase, marks the

completion of the project. The project cycle has seven stages,

each stage links with the preceding one and leads forward to

the next one. These include Identification, Preparation,

Appraisal, Implementation, Monitoring and Evaluation and

winding up.[...]