Difference between revisions of "Project Development Lifecycle"
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== Definition == | == Definition == | ||
| − | '''Project Development Lifecycle''' is the overall process of developing and executing a [[Project]]. | + | '''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 lifecyce includes: | ||
* the design and planning | * the design and planning | ||
| − | + | * the procurement of supplies, permissions, permitting and licensing, and financing and repayment | |
| − | + | * the construction | |
| − | * the procurement of supplies, permissions, permitting and licensing, and financing and repayment | + | * the ongoing production for the useful life of the project |
| + | * closure, decommissioning and restoration of a Project site | ||
Revision as of 16:16, 16 March 2021
Definition
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.
