Project appraisal

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Project appraisal is the process of assessing, in a structured way, the case for proceeding with a project or proposal, or the project's viability.[1] It often involves comparing various options, using economic appraisal or some other decision analysis technique.[2][3]

Process

  • Initial Assessment
  • Define problem and long-list
  • Consult and short-list
  • Evaluate alternatives
  • Compare and select Project appraisal

Types of appraisal

  • Technical appraisal
  • Project appraisal
  • Commercial and marketing appraisal
  • Financial/economic appraisal
  • organisational or management appraisal
  • Economic appraisal[7]
    • Cost-effectiveness analysis
    • Scoring and weighting

References

  1. Lua error in package.lua at line 80: module 'strict' not found.
  2. Cost-Benefit Analysis, 2nd edition, (2001) by Boardman, Greenberg, Vining, and Weimer, ISBN 0-13-087178-8 Pearson Education, Prentice Hall.
  3. Anthony E. Boardman, David H. Greenberg, Aidan R. Vining, and David L. Weimer, (1996) Cost – Benefit Analysis: Concepts and Practice, 1st Edition, by <http://www.prenhall.com/books/be_0135199689.html>.
  4. Hanley, N and Spash, C (1993). Cost Benefit Analysis and the Environment. Edward Elgar. Cambridge University Press.
  5. Brent, Robert J. Cost-Benefit Analysis for Developing Countries. Edward Elgar Publishing. Overseas Development Administration. Appraisal of Projects in Developing Countries. A Guide for Economists. HMSO Publications.
  6. Layard, Richard and Glaister, Stephen (eds) Cost-Benefit Analysis. Second edition. Cambridge.
  7. Kohli, K. N (1993). Economic analysis of investment projects: a practical approach. Oxford University Press.