In this podcast is about explains the different types of investment appraisal that can be done to calculate the viability of projects. The techniques examined are Payback, Net Present Value (NPV) and Internal Rate of Return (IRR). More importantly in this podcast we discuss why project managers should be interested in these calculations and the impact a project can have on the economic viability of a project. The longer it takes and the more it costs the more difficult it is the justify the funding. The APMP (now known as APM PMQ) assessment criteria covered in this podcast include 110.4 explain the use of payback, Internal Rate of Return and Net Present Value as investment appraisal techniques. The examination questions will not require calculations to be performed This podcast is just part of the parallel learning system for the APM Project Management qualification (APMP). This approach includes a wide range of learning resources included a printed study guide, on-line e-learning, a tutor lead study group and a wide range of project management courses