The phases in project formulation incorporate the main activity areas ie. from initial debates about the idea of the engineering project, to the presentation of a complex plan that has to be managed and executed.

The different phases involved in project formulation are as follows:

• Preparation for Project Formulation Description: A brief description of the project covering the different aspects should be given in project formulation description.

• Analysis and Diagnosis: In analysis and diagnosis phase the teams receive training to do with research and analysis techniques, in order to perform the data collection (quantitative and qualitative) and examine (analysis) and to determine the main causes of the situation . At the end of the phase, each team has to indicate possible proposals to better the actual situation.

• Project Design: In project design phase the project team has to focus on more detailed and precise project creation, in order to come up with an inversion proposal. Every team has to proceed by putting emphasis on the system, product and technology viability verification. Also the project team has to define the structure of the organization of the project, its programming in time, managing dispositions, resources and cost and benefit estimations.

• Results Assessment: In result assessment phase the project team has to focus on the effects and impacts that may happen to the project during execution and it should be examined. The results of this phase should guide the viability -technical, economical, financial, social and environmental- of the project.

During result assessment phase, the following competence element will be specially dealt with: resources, cost and finance, business, security, environment and ethics.

• Project Document: In project documentation phase all deliverables are arranged and the report is presented. The synthesis capacity is essential to be able to properly communicate -before external agents and colleagues- the information and issue a project judgment.