Method and apparatus for project evaluation, approval and monitoring

A proposer formulates an idea for a proposal and enters various proposal parameters into a project summary screen, forming a proposal. The proposal is electronically submitted and stored. Once submitted in a final version, the proposal is frozen by the system, so that subsequent review by any number of reviewers is conducted based on the same proposal parameters. The reviewers each review the same material and may offer comments. Those comments can be shared with other reviewers, through the system. A decision is made and entered into the system. If accepted, the proposal moves forward and becomes a project. Project status is tracked based on automatic comparison to previously approved parameters. If not accepted, the system may unfreeze the proposal and allow revision. The system can utilize a network configuration so that the proposer, reviewer and other participants can share and exchange information remotely from one another.