Project Cycle Management (PCM) is the method of planning, organizing, coordinating and controlling different complexities of the project through its phases. The four phases of project cycle management: Initiation, planning, execution, and completion. This process is concerned with making alignment between these phases by using various strategies and objectives. The Project Cycle management approach is used for multi purposes of the project. It removes all the hindrances that can rise while the execution of the plan. Students who are acquiring special skills in management must learn project cycle management process. It is the most complex part of project planning. If you are also facing difficulties with this concept then you can get Project Management assignment help from BookMyEssay.

The Project Cycle Management is Made of Five Phases

Programming: This part is concerned with developing priorities of the project strategies. The key components of the projects are identified and ideas are generated. The past projects are explored to find the directions for the project. It also helps in developing strategies for the project.

Identification: This phase of identification begins when the availability of funds related to the project are completed. In this phase, the identification of the stakeholders, objectives of the project, activities and final results are done.

Formulation: The formulation phase is about finalizing the project proposal. In this part, the project details are formulated, the benefits and the purpose of the project is also determined.

Implementation: In this phase, the activities are conducted for the completion of the project and the outcomes are analyzed on every step. The project monitoring is constantly done by the planners so the smooth execution of the plan.

Evaluation: The evaluation process assures that the project objectives are achieved. The evaluation study of the project is done by the task manager to get the experience for future projects. During the evaluation, the goals and objective achieved from the project are appraised for future references.

Audit: The audit is the last step of project cycle management. This phase involves auditing the task done by all the members of the team for the execution of the plan. The task manager is responsible for the auditing process.

Project cycle management is a long and complex task. This method was discovered by international organizations to manage and perform development projects. It defines the various phases of the project. This approach helps in making consistency so that it becomes easier to constantly verify and monitor the activities of the project.

Students of management studies often struggle with this topic because it is a long topic of project management subject. The main purpose of this method is ensuring that the task of the project is being properly implemented. The project task comes with numerous responsibilities. The project manager has to go through every little detail regarding the project so that it can result in successful completion.

If you are stuck with any topic of project management then BookMyEssay is the right destination to get help. This website has been working for years to provide premium quality assignment help to the students. You can also get instant assignment writing help from the expert writers at affordable prices. You can contact them for any kind of academic writing service.