Project Cycle Management (PCM) is a systematic approach used to plan, implement, and evaluate projects effectively. It involves several stages, including project identification, formulation, implementation, and evaluation. Each stage is designed to ensure that projects meet their objectives and deliver expected outcomes.
The PCM framework emphasizes continuous learning and improvement throughout the project’s life. By regularly assessing progress and outcomes, project managers can make informed decisions, adjust strategies, and enhance overall project performance. This structured method helps organizations allocate resources efficiently and achieve their goals more effectively.