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.[...]