Project appraisal

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]

To ensure success, a project should be objectively appraised during the feasibility study, taken into account principal dimensions, technical, economic, financial, and social implications. To establish the justification for a project the project appraisal is the process of judging whether the project is profitable or not to client.

Process

• Initial assessments
• Define problem and long-list
• Consult and short-list
• Evaluate alternatives
• Compare and select project appraisal.

Types of appraisal

• Technical appraisal
• Project appraisal
• Legal appraisal
• Environment appraisal
• Commercial and marketing appraisal
• Financial/economic appraisal
• Organizational or management appraisal
  • Cost-benefit analysis^[4][5][6]
• Economic appraisal^[7]
  • Cost-effectiveness analysis
  • Scoring and weighting.

See also

• Feasibility study