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The project cycle consists of five main phases.
Here are quick definitions of these five main phases. For detailed information on each of these phases, please click on the links.
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Programming: The first phase of the project cycle during which the indicative programme is prepared.
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Identification: The second phase of the project cycle. It involves the initial elaboration of the project idea in terms of its relevance and likely feasibility, with a view to determining whether or not to go ahead with a feasibility study (Formulation).
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Formulation: The third stage of the project cycle. The primary purpose of this phase is to: (i) confirm the relevance and feasibility of the project idea as proposed in the identification/project fiche; (ii) prepare a detailed project design, including the management and coordination arrangements, financing plan, cost-benefit analysis, risk management, monitoring, evaluation and audit arrangements; and (iii) prepare a financing proposal (for individual projects) and a financing decision.
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Implementation: The fourth phase of the project cycle during which the project is implemented and progress towards achieving objectives is monitored.
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Evaluation: The fifth and final phase of the project cycle during which the project is examined against its objectives and lessons are used to influence future actions.
Click on the following links for more information on the tools available for the achievement of each phase of the cycle as well as on the reponsibilities of EC delegations:
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