Project appraisal

From Wikipedia, the free encyclopedia Jump to: navigation, search Project appraisal is a generic term that refers to the process of assessing, in a structured way, the case for proceeding with a project or proposal. In short, project appraisal is the effort of calculating a project's viability[1]. It often involves comparing various options, using economic appraisal or some other decision analysis technique[2][3].

[edit] Process
y y y y y

Initial Assessment Define problem and long-list Consult and short-list Develop options Compare and select Project

[edit] Types of appraisal

y y

Financial [4][5][6] o Cost-benefit analysis Economic appraisal[7] o Cost-effectiveness analysis o Scoring and weighting

Systematic and comprehensive review of the economic, environmental, financial, social, technical and other such aspects of a project to determine if it will meet its objectives.

Project Appraisal
The assessment of the viability of proposed long-term investments in terms of shareholder wealth.