Life Cycle of the Investment Project is the period when investors prepare and implement into life investment intentions. There is no commonly accepted approach towards the assessment of the life cycle of the investment project, as every project has its own objectives, business ideas, duration, stages of development, different funding and opportunities. General approach towards the life cycle of the investment project can be divided into the design phase and implementation phase. The first phase includes drafting the initial idea, development of necessary documents and turning to FFF as a means of securing possible funding for evaluated projects. The next phase consists of further negotiations, implementation of the idea into life and its final evaluation.