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Consider the following phases of project management:

1. Identification

2. Formulation

3. Appraisal

4. Implementation 

Which of the above phases are relevant, sequentially?

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  1. 1, 2 and 3 only
  2. 1, 2 and 4 only
  3. 3 and 4 only
  4. 1, 2, 3 and 4

Answer (Detailed Solution Below)

Option 4 : 1, 2, 3 and 4
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Detailed Solution

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Explanation:

There are 7 stage to project management but there are five stage mainly.

(a) Project identification

(b) Project preparation (project formulation)

(c) Project appraised

(d) Negotiation

(e) Project approval

(f) Project planning

(g) Project implementation

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