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What is a Management Dashboard?
The term Management Dashboard defines a wide range of data reporting and visualization tools or dashboards that allow using various performance & efficiency measures to report on an enterprise’s ability to organize and coordinate its activities in accordance with certain policies and in achievement of pre-determined objectives. What is a Management Dashboard?
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Money Management Action Plan

In this Money Management Action Plan you can read a range of tips and suggestions that will help you manage your money in an effective manner.

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Home » Glossary » What is Project Development
What is Project Development  

What is Project Development


Project Development is the systematic use of resources, knowledge and practices to design and implement a given project and meet its goals and objectives under specific requirements. It is also defined as the process of transforming available project inputs into desired outputs by consuming available resources. The term is widely used in IT and software projects.

Project development encompasses such high-level processes as Design, Delivery and Evaluation. It is one of the major phases which are as follows:

  • Initiation
  • Development
  • Closure
  • Maintenance

Developing a project means stepping through the following general stages:

  • Define the project (including goals, requirements, and time-frames)
  • Select an appropriate strategy of project implementation
  • Estimate project cost
  • Mitigate risks and exploit opportunities
  • Allocate necessary resources
  • Establish success evaluation criteria
  • Plan for project sustainability
  • Implement the project by the plan
  • Manage change and variance
  • Test the project against success evaluation criteria
  • Accept/reject project results.

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