Regardless of the management modes, EU-funding Programmes generally follow a common framework used to guide project planning, implementation, and evaluation, called Project Cycle Management (PCM). The PCM framework ensures that projects funded by the different EU funding Programmes are well-planned, implemented efficiently and effectively, and monitored and evaluated to improve their impact. It also helps ensure that the projects are aligned with the overall strategy of the organisation as well as with the EU-funding Programmes objectives.
While PCM was initially introduced in the field of development cooperation, where programmes are mainly implemented through direct arrangements, it provides - with the appropriate adaptations - a helpful framework for those involved in managing the EU-funding programmes implemented through the calls for proposals.
PCM generally includes six steps:
Figure 2.1.- The Project Cycle Management steps
Programming
The Programming step has a multi-year duration and leads to the elaboration of the EU funding Programme. The strategic objectives and overall Programme priorities are set out in this step.
Identification
The Identification step includes all the necessary activities leading to elaborating and publishing the calls for proposals.
Formulation:
The Formulation step includes all the activities needed to submit a project proposal in response to a call for proposals published in the previous (identification) step.
Financing
The Financing step includes the selection of the project proposals submitted which better meet the evaluation criteria identified in the call for proposal.
Implementation
The Implementation step includes the management of the project to achieve the project objectives as defined in the project proposal.
Evaluation
The Evaluation step includes all the activities to assess the effective and efficient realization of the project, in terms of respect of the financial rules, the correct delivery of the project outputs as well as the achievement of the project results. It provides feedback, lessons learned, and recommendations to be incorporated in the following programming exercise, closing the cycle.