Contract and Project development and management skill is a growing area in development industry. Project is defined as ―an activity or group of activities with a defined scope, execution timeframe and an established budget‖. The area has become an important tool for social change, a cornerstone to community development in virtually all industries, including healthcare, government, education and banking. Knowledge of project development, management and sustainability is critical when designing a project plan that is intended to be submitted to a funding agency. Most organizations use five major phases of project development and management – Initiating, Planning and Design, Execution, Monitoring and Sustainability, Handover and Close Out – to ensure project completion and to improve productivity.