Project appraisal

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]

To ensure success, a project should be objectively appraised during the feasibility study, taken into account principal dimensions, technical, economic, financial, and social implications. To establish the justification for a project the project appraisal is the process of judging whether the project is profitable or not to client.

Process

  • Initial assessments
  • Define problem and long-list
  • Consult and short-list
  • Evaluate alternatives
  • Compare and select project appraisal.

Types of appraisal

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

See also

References

  1. ^ John Filicetti (August 2007), PMO and Project Management Dictionary
  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 Analbmbmbbmysis 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.

Content Disclaimer

Informasi ini disarikan dari Wikipedia dan disajikan kembali untuk tujuan edukasi. Konten tersedia di bawah lisensi CC BY-SA 3.0. Kami tidak bertanggung jawab atas ketidakakuratan data yang bersumber dari kontribusi publik tersebut.

  1. The information displayed on this website is sourced in part or in whole from Wikipedia and has been adapted for the purpose of restating it. We strive to provide accurate and relevant information, however:
  2. There is no guarantee of absolute accuracy. Wikipedia is an open, collaborative project that can be edited by anyone, so information is subject to change.
  3. It is not intended to constitute professional advice. The content displayed is for informational and educational purposes only. For important decisions (e.g., medical, legal, or financial), please consult a professional.
  4. Content copyright. Wikipedia is licensed under the Creative Commons Attribution-ShareAlike License (CC BY-SA). This means that content may be reused with appropriate attribution and shared under a similar license.
  5. Responsible use. Any risk arising from the use of information from this website is entirely the responsibility of the user.