A project is a set of interrelated activities with defined objectives and outputs to be implemented within a specific time period and budget. It should be consistent with broader national policies and programs, and create something new rather than support ongoing activities. Project management involves leading and coordinating human, physical, and financial resources using systematic techniques to achieve clearly defined objectives regarding outputs, outcomes, costs, time, quality, and stakeholder satisfaction. The project cycle consists of programming, formulation, appraisal, financing, implementation, and evaluation phases to structure informed decision-making and feedback at each stage of a project.