To investors

Project initiation is a project management process, which results in
authorization and the start of the project confirmation or the next phase of its life cycle. Project initiation may include the following procedures:

• Development of the project concept
• Analysis of problems and needs
• Collection of initial data
• Defining the goals and objectives of the project
• Consideration of alternative project options
• Review and approval of the project concept
• Analysis of the costs and payback periods
• Making a decision about the project beginning
• Definition and appointment of the project manager
• Formation of a project management team
• Making a decision on providing resources for the implementation of the first phase of the project

Project planning is a continuous process aimed at determining and
agreeing on the best way to achieve the set goals with taking into
account all the factors of its implementation.

The main result of this stage is the Project Plan. However, the
planning process does not end with the development and approval
of the initial project plan. During the project implementation changes may occur both within the project and externally, it will require plans clarification and often significant rescheduling. Therefore, planning processes can be carried out throughout the entire life cycle of the project starting with a preliminary consolidated plan as part of the project concept, and ending with a detailed calendar plan.

Project planning may include the following procedures:

• Planning of the goals and content of the project
• Calendar planning
• Planning of project costs and financing
• Quality planning
• Organizational planning
• Communication planning
• Risk management planning
• Contract planning
• Development of a consolidated project plan

Project implementation control is the process of ensuring the project plan implementation by organizing the execution of the work included in it and the coordination of executors.

Project implementation control may include the following procedures:

• Allocation of responsibilities
• Setting up a reports system
• Organization of the project schedule implementation monitoring
• Organization of cost control
• Organization of quality control
• Operational management of measures to reduce and prevent risks
• Project team management
• Information allocation in the project
• Preparation and signing of contracts
• Managing changes in the project

Project execution control is the process of comparing planned and
actual project indicators, analyzing deviations and their causes,
evaluating possible alternatives and making decisions to eliminate
undesirable deviations.

Project control may include the following procedures:

• Collecting reports on the progress of work
• Analysis of the current state relative to the main basic indicators (results, cost, time)
• Forecasting the achievement of project goals
• Preparation and analysis of the corrective actions consequences
• Making decisions about impacts and changes

Project completion is the process of formally work completion and the entire project completion.

The project completion may include the following procedures:

• Transfer of results to the Customer
• Final assessment of the financial situation (post-project report)
• Final project report and project documentation
• List of open questions and final papers
• Disbanding the project team
• Documenting and analyzing the experience of the
  project implementing

As part of these processes the main management and substantive
project documents are archived for subsequent use in the other projects implementation.