• Project management is the use of specific knowledge, skills, tools and techniques to deliver
something of value to people. It involves the planning and organization of a company’s
resources to move a specific task, event, or duty towards completion.
PROJECT CYCLE
• The project management lifecycle is a step-by-step framework of best practices used to
shepherd a project from its beginning to its end. It provides project managers a structured
way to create, execute, and finish a project. This project management process generally
includes four phases: initiating, planning, executing, and closing.
IDENTIFICATION AND FORMULATION
• Identification and formulation are crucial stages in the project cycle. During the
identification stage, the need for a project is analyzed by identifying the problem or
issue that the project aims to address. This stage involves setting project objectives
and reviewing alternative approaches to solve a given development problem.
APPRAISAL AND IMPLEMENTATION
• Appraisal and implementation are two important stages in the project cycle.
During the appraisal stage, a project is evaluated for its technical, economic and
financial feasibility. This stage provides justification for the proposed project and
helps in decision making by the donor agency management and loan
negotiations with the borrower.
MONITORING AND EVALUATION
• Monitoring and evaluation are two important stages in the project cycle. Monitoring is a
process to periodically collect, analyze and use information to actively manage performance,
maximize positive impacts and minimize the risk of adverse impacts. It provides early and
ongoing information to help shape implementation in advance of evaluations. Evaluation is
the process of assessing the progress of a project or program. It helps improve employee
performance and provides reliable data that helps management make the right decisions.
PROJECT MANAGEMENT
• Project management is the use of specific knowledge, skills, tools and techniques to deliver something of value to people. It involves the planning and organization of a company’s resources to move a specific task, event, or duty towards completion.
PROJECT CYCLE
• The project management lifecycle is a step-by-step framework of best practices used to shepherd a project from its beginning to its end. It provides project managers a structured way to create, execute, and finish a project. This project management process generally includes four phases: initiating, planning, executing, and closing.
IDENTIFICATION AND FORMULATION
• Identification and formulation are crucial stages in the project cycle. During the identification stage, the need for a project is analyzed by identifying the problem or issue that the project aims to address. This stage involves setting project objectives and reviewing alternative approaches to solve a given development problem.
APPRAISAL AND IMPLEMENTATION
• Appraisal and implementation are two important stages in the project cycle. During the appraisal stage, a project is evaluated for its technical, economic and financial feasibility. This stage provides justification for the proposed project and helps in decision making by the donor agency management and loan negotiations with the borrower.
MONITORING AND EVALUATION
• Monitoring and evaluation are two important stages in the project cycle. Monitoring is a process to periodically collect, analyze and use information to actively manage performance, maximize positive impacts and minimize the risk of adverse impacts. It provides early and ongoing information to help shape implementation in advance of evaluations. Evaluation is the process of assessing the progress of a project or program. It helps improve employee performance and provides reliable data that helps management make the right decisions.
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