In this thesis, analysis of the investment project of a tourist facility has been conducted from the aspect of time and cost. In particular, it refers to the concept phase of the project, that is, from the moment the idea emerges, to the beginning of design works. The thesis opens by providing a definition of a project management and development throughout different phases of the project management. Time and cost are important factors because by reason of the time and cost analysis, the investor is able to make decisions on the project implementation. More often than not, the investor may think to have a very good idea, however, the time and cost analysis may prove the project to be cost-prohibitive. Hence, it is highly important to bring awareness of the importance of the project management to the investor. An example of a constructed holiday house in the project conception phase is given along with a time and cost analysis. The analysis of two financing models and a comparison of time and cost spent in both models were made. The first model is a project financed through the investor's own funds, while the second through a bank loan. Microsoft's programme „MS Project“ was used to create a time plan. The results and comparison between the two have been given in the conclusion.