Aim of the thesis: The aim of the thesis is alternatively either to: a) analyze the course of actions of a real-lif eproject and assess its effectiveness, or b) to create a plan for a new real-life project and prove its feasability and effectiveness. This is to be done with the use of correct project managment methods. Procedure and techniques used: The thesis will consist of two parts: Theoretical part will contain research of possible methods and their evaluation with respect to the project solved in the second (practical) part of the thesis. The second part will consist of application of chosen method(s) onto a particular project. This part will include analysis and economical assessment. Self-study and research of suggested as well as other relevant literature and reosurces will be an integral part of the work process. Author is expected to define the problem and identify methods to be used to reach the aim of the thesis.