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Investment projects financed from European funds is performed in a sequence of steps, starting with a strategic development document which shows the need for a project in a particular area (infrastructure, environment, tourism, etc.), then it is formulated, implemented and finally its results are evaluated in order to create conditions necessary for the development of future actions.

A specific feature is the emphasis on performance management, resulted in two key points of the project cycle, relative accepting the grant application by the Intermediate Bodies / Managing Authorities and final reporting of the results.

This requires coordination of activities, cooperation of all relevant actors in order to achieve coagulation efforts managing budgets and investment programs should be better integrated in order to have better results in the implementation.