The Law Dictionary

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PROJECT CYCLE Definition & Legal Meaning

Definition & Citations:

Seven major milestones through which each successful project undergoes, 1. Identification of pragmatic project notion. 2. transformation of the notion into appraisal 3. evaluation of different aspects of the project 4. Presentation: Detailed financial and project is presented for approval from relevant authorities 5. Implementation: Post financing, early stages of implementation 6. Monitoring: Early evalauation and assessment of the project implementation. 7. Final Evaluation: Efficiency and the performance is evaluated and compated with the earlier proposal.

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