In the contemporary world of business and science a project is defined as a collaborative effort that involves carefully planned research and design intended to achieve a certain objective. (ref: Oxford English Dictionary)
What can we say about projects? They are more temporary than permanent social and working systems which should carry out specific tasks in predetermined time frames. Typically, they are part of a wider program, or become programs after a successful implementation.
The word itself comes from the latin word projectum which means “before an action“.
A project’s success is measured by whether the established goals have been accomplished. That is why the so-called “SMART” criteria should be adopted when establishing them. It means they should be: specific, measurable, feasible, realistic and time-limited. The evaluation is conducted at the end when the products, results and impacts of the project are assessed.
Projects go through defined and expressive stages. Each of them has a conclusion followed by the stage. The results from the previous stages are starting points for the next one. This is the ideal time to review and update initial plans, evaluate managerial actions and assess project expenses and perspectives.
Organizations which are project-oriented can compete for technical and financial support from domestic and international donors. The European Union recommends and supports Project Cycle Management – PCM as an acceptable method for project work. The guide for project cycle management can be found (http://ec.europa.eu/europeaid) here.