Project Cycle Management (PCM) is a term used to describe the management activities and decision-making procedures used during the life-cycle of a project (including key tasks, roles and responsibilities, key documents and decision options).
The way in which projects are planned and implemented follows a sequence that is known as the project cycle:
Project Cycle Management (PCM) is a set of project design and management tools, adopted by the European Commission in 1992, and based on the Logical framework method.
PCM helps to ensure that:
- projects are supportive of overarching policy objectives of the EC and of development partners;
- projects are relevant to an agreed strategy and to the real problems of target groups/beneficiaries;
- projects are feasible, meaning that objectives can be realistically achieved within the constraints of the operating environment and capabilities of the implementing agencies; and
- benefits generated by projects are likely to be sustainable.