Project cycle management

Projects go through definite and describable phases; Each phase can be brought to some sense of closure as the next phase begins; Phases can be made to result in deliverables or accomplishments to provide the starting point for the next phase; Phase transitions are ideal times to update planning baselines, to conduct high level management reviews, and to evaluate project costs and prospects.

Project Cycle Management (PCM) is used in EuropeAID terminology describe decision-making procedures used during the life-cycle of a project (including key tasks, roles and responsibilities, key documents and decision options). https://webgate.ec.europa.eu/fpfis/mwikis/aidco/index.php?title=Project_cycle_management

Reference

• Project Cycle Management Guidelines
• ECHO Manual: Project Cycle Management