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[edit]

Initial Assessment

Define problem and long-list

Consult and short-list

Evaluate alternatives

Compare and select Project appraisal

Types of appraisal[edit]

Technical appraisal

Project appraisal

Commercial and marketing appraisal

Financial/economic appraisal

organisational or management appraisal

Cost-benefit analysis[4][5][6]
Economic appraisal[7]

Cost-effectiveness analysis

Scoring and weighting

References[edit]
1. Jump up^ John Filicetti (August 2007), PMO and Project Management Dictionary
2. Jump up^ Cost-Benefit Analysis, 2nd edition, (2001) by Boardman, Greenberg, Vining, and
Weimer, ISBN 0-13-087178-8 Pearson Education, Prentice Hall.

3. Jump up^ 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. Jump up^ Hanley, N and Spash, C (1993). Cost Benefit Analysis and the Environment. Edward
Elgar. Cambridge University Press.
5. Jump up^ 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.
6. Jump up^ Layard, Richard and Glaister, Stephen (eds) Cost-Benefit Analysis. Second edition.
Cambridge.
7. Jump up^ Kohli, K. N (1993). Economic analysis of investment projects: a practical approach.
Oxford University Press.

Categories:
Project management
Evaluation methods