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
- ^ John Filicetti (August 2007), PMO and Project Management Dictionary
- ^ Cost-Benefit Analysis, 2nd edition, (2001) by Boardman, Greenberg, Vining, and Weimer, ISBN 0-13-087178-8 Pearson Education, Prentice Hall.
- ^ 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>.
- ^ Hanley, N and Spash, C (1993). Cost Benefit Analysis and the Environment. Edward Elgar. Cambridge University Press.
- ^ 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.
- ^ Layard, Richard and Glaister, Stephen (eds) Cost-Benefit Analysis. Second edition. Cambridge.
- ^ Kohli, K. N (1993). Economic analysis of investment projects: a practical approach. Oxford University Press.