What is project exit plan?
The exit plan will define the sustainability of the work done during the lifetime of the project. It also will provide some comfort to partners and donors, so they see that once project funding is depleted, there is a plan to ensure continuing capacity to keep the work going.
What is the purpose of an exit plan?
A business exit strategy is an entrepreneur’s strategic plan to sell their ownership in a company to investors or another company. An exit strategy gives a business owner a way to reduce or liquidate their stake in a business and, if the business is successful, make a substantial profit.
What should be in an exit plan?
Your Exit Plan must set goals, provide accountability and measure results. This is especially important when your goals are to protect and grow value, and minimize taxes.
When should you work on your sustainability and exit strategy?
When your project is within at least 2 years of achieving its goals and sustainability objectives, you should begin to finalise and implement the exit plan with partners. And of course any lessons you learn in planning for sustainability can be shared with others.
What is a project sustainability?
Project sustainability involves both individual and organisational responsibility to ensure that outputs, outcomes and benefits are sustainable over life cycles and during their creation, disposal and decommissioning.
What is an exit?
An exit occurs when an owner decides to end his involvement with a business. Most often such an exit is accompanied by a sale of the owner’s stake in a company, but this is not a necessary condition. For example, an entrepreneur may hire a management team to run the business but still retain his equity.
How do you prepare a project exit strategy?
An exit strategy should be jointly planned and agreed upon to clarify how the project will end or transform (e.g., once goals have been achieved, or at the end of the project or funding cycle), how the implementing organization will withdraw and who will take over to sustain project outcomes and how.
What are the factors of project sustainability?
Some elements of sustainable development are:
- Efficient use of natural resources.
- Education.
- Population stabilization.
- Integrated environmental systems management.
- Social and cultural changes.
- Determining environmental limits.
- Refining market economy.
- Reduction in waste and prevention of pollution.
What are the four types of sustainability?
Introducing the four pillars of sustainability; Human, Social, Economic and Environmental.
How do you write an exit strategy for a project?
What is project sustainability?
Project sustainability is now a common approach related to the management of projects, programs, institutions, organizations, people, and other entities requiring effective and efficient production, marketing, distribution, and the delivery products and services. Generally, for projects to be sustained,…
Why do we need a sustainability plan?
The sustainability plan has become more and more important because donors would like to fund projects that have the potential to survive and thrive in the long term. The sustainability plan describes the different aspects in which the project has to be sustained in the long run to still function.
What are the three parts of a sustainability plan?
In the sustainability plan, you should focus only on the sustainability of your project itself. The three parts that you should address are the community sustainability, financial sustainability, and organizational sustainability of your project. When describing project sustainability, many NGOs focus mostly on financial sustainability.
How do you ensure community sustainability in your project?
A good way to ensure community sustainability is to include beneficiaries from the get-go in planning and implementation. Participatory methods can be very helpful for this. Consult with all stakeholders whenever possible to make sure that the community feels ownership for the project and that their preferences are implemented with your project.