Project Development Lifecycle

From Open Risk Manual


Project Development Lifecycle is the overall process of developing and executing a Project in the context of a Project Finance transaction.

The lifecyce includes:

  • the design and planning
  • the procurement of supplies, permissions, permitting and licensing, and financing and repayment
  • the construction
  • the ongoing production for the useful life of the project
  • closure, decommissioning and restoration of a Project site

Indicatively, the lifecycle can range from one year for simple Projects to 15 years (or longer) for larger Projects.