Project appraisal

Project appraisal

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. It often involves comparing various options, using economic appraisal or some other decision analysis technique.

Process

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

Types of appraisal

* Economic appraisal
** Cost-benefit analysis
** Cost-effectiveness analysis
** Scoring and weighting
* Multi-criteria analysis

References

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) CostBenefit Analysis: Concepts and Practice, 1stEdition, by .

Gittinger, J. P (1982). Economic Analysis of Agricultural Projects (2nd Edition). Economic Development Institute, World Bank.

Kohli, K. N (1993). Economic analysis of investment projects: a practical approach. Oxford University Press.

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.

Curry, Steve and Weiss, John. Project Analysis in Developing Countries. The Macmillan Press Ltd

External links

* [http://greenbook.treasury.gov.uk/ UK Treasury Green Book]
* [http://www.defra.gov.uk/environ/fcd/pubs/pagn/default.htm DEFRA Project Appraisal Guidance]


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