Year 2013, Volume 59 Issue 1

Year : 2013
Volume : 59
Issue : 1
   
Authors : Zorica VASILJEVIĆ, Nebojša NOVKOVIĆ, Jonel SUBIĆ
Title : MONITORING AS A PHASE IN AGRICULTURAL INVESTMENT PROJECT CYCLE
Abstract : The project approach in designing and realization of investment projects implies that projects need to pass specific phases of so-called project cycle in order to achieve project objectives as successfully as possible. This way the risks that the investment projects bear are minimized. The project cycle typically consists of six main phases, namely: Project Identification, Project Preparation, Ex-ante Project Evaluation, Project Implementation, Monitoring the Project Implementation and Ex-post Project Evaluation. The fifth stage in a project cycle, Monitoring the Project Implementation, aims to successively monitor and control execution of project in accordance with the adopted project documentation (investment project or business plan), to identify circumstances that have changed during implementation of the plan and therefore, if necessary, to adjust the project to such changes. Monitoring the project contributes to the achievement of project objectives, as well as to the targeted spending of funds. The circumstances under which the project is implemented may differ to some extent from those envisaged at the time of identification, preparation and evaluation of the project. Monitoring phase also serves for the purpose of adapting the project to new, changed circumstances, if necessary. Monitoring the project can be defined as gathering of all relevant information related to the project and its use by project management or independent controllers, with the aim to determine progress made in project implementation. Such information serves as a base for making decisions in a timely manner with aim to implement the project according to the envisaged schedule. Monitoring is an activity that has the task to measure investments (inputs) and initial results (output) in order to assist the project managers in the decision making process. This paper analyzes monitoring carried out in practice on the example of apples orchards planting project in Vojvodina.
For citation : Zorica VASILJEVIĆ, Nebojša NOVKOVIĆ, Jonel SUBIĆ (2013): MONITORING AS A PHASE IN AGRICULTURAL INVESTMENT PROJECT CYCLE. Agriculture & Forestry, Vol. 59. Issue 1: 107-116, 2013, Podgorica
Keywords : project cycle, monitoring the project implementation, investments, agriculture, orchard
   
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