How Can You Define A Project In Project Evaluation?

In the Economic development is the ultimate end of planning and projects are means to that end. If development is the target, then a project is an arrow with which to hit that target. If development is a goal to be reached, then projects are carries which take the economy to that goal. Thus projects are instrumental in attaining the objectives of development planning.
They are also termed as the cutting edge of development. A project is sometimes defined as an activity on which money is spent in expectation of returns and which logically seems to lend itself to planning, financing and implementation as a unit. Thus a project involves s following essentials:

An Expenditure or a spending activity.
Expectation of returns or profits; the expenditure is not for charitable purposes.
The activity is planned, financed and implemented as a unit and a unity, is not a feature of a project.

A project is also sometimes referred to the whole complex of activities involved in using resources to gain benefits. According to yet another viewpoint a project is a specific activity with a specific starting point and a specific objective. Thus it is a four dimensional activity in specifics. So it is to complete a task.

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