NEED FOR PROJECT APPRAISAL

sunandaC

Sunanda K. Chavan
Financial institutions and development banks are looked upon as engines of economic development. They endeavor to accelerate the pace of economic growth in conformity with national objectives, plans and priorities.
Scarce resources, demand for funds for all types of projects, need for judicious and rational allocation of resources; implies selectivity in financing projects. Appraisal helps in achieving this end.

THERE ARE FIVE BROAD ASPECTS OF APPRAISAL
1. FINANCIAL FEASIBILITY
2. TECHNICAL FEASIBILITY
3. ECONOMIC FEASIBILITY
4. MANAGEMENT COMPETENCE
5. MARKET APPRAISAL
 
Appraisal is the hidden weapon and if you trigger it on a right time it will only enhance the performance of the company. There are various method of appraisal. Where 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.
 
Financial institutions and development banks are looked upon as engines of economic development. They endeavor to accelerate the pace of economic growth in conformity with national objectives, plans and priorities.
Scarce resources, demand for funds for all types of projects, need for judicious and rational allocation of resources; implies selectivity in financing projects. Appraisal helps in achieving this end.

THERE ARE FIVE BROAD ASPECTS OF APPRAISAL
1. FINANCIAL FEASIBILITY
2. TECHNICAL FEASIBILITY
3. ECONOMIC FEASIBILITY
4. MANAGEMENT COMPETENCE
5. MARKET APPRAISAL

Hey sunanda, thanks for sharing such a nice and interesting topic and i am going to share some important information regarding the above mentioned topics. So i would like you to download my presentation on project appraisal and check it.
 

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Hey sunanda, thanks for sharing such a nice and interesting topic and i am going to share some important information regarding the above mentioned topics. So i would like you to download my presentation on project appraisal and check it.



Project appraisal is an important activity to evaluate the key factor of the project to check the viability of a project proposal. We can use various Appraisal methods and tools to accept or reject the project. For example, economic or financial appraisal analysis, Excel Templates and other decision techniques.

Project appraisal is an important activity to evaluate the key factor of the project to check the viability of a project proposal. We can use various Appraisal methods and tools to accept or reject the project. For example, economic or financial appraisal analysis, Excel Templates and other decision techniques.


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.
  • Economic appraisal. Cost-effectiveness analysis. Scoring and weighting.

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.
  • Economic appraisal. Cost-effectiveness analysis. Scoring and weighting.

The Project Appraisal is a formal document that summarizes all the details of the proposed project and aims to prepare the project for further planning and development. Approval and Signoff. The Project Appraisal template is to be submitted to the senior management for review and approval.

The Project Appraisal is a formal document that summarizes all the details of the proposed project and aims to prepare the project for further planning and development. Approval and Signoff. The Project Appraisal template is to be submitted to the senior management for review and approval.



The process of project appraisal consists of five steps and they are – initial assessment, defining problem and long-list, consulting and short-list, developing options, and comparing and selecting project. The process of appraisal generally starts from the initial phase of the project.

The process of project appraisal consists of five steps and they are – initial assessment, defining problem and long-list, consulting and short-list, developing options, and comparing and selecting project. The process of appraisal generally starts from the initial phase of the project.



The techniques of project appraisal includes discounted techniques that takes into account the time value of money and include (a) Net Present Value (NPV), (b) Benefit Cost Ratio (BCR), (c) Internal Rate of Return (IRR) (d) Sensitivity Analysis.

The techniques of project appraisal includes discounted techniques that takes into account the time value of money and include (a) Net Present Value (NPV), (b) Benefit Cost Ratio (BCR), (c) Internal Rate of Return (IRR) (d) Sensitivity Analysis.



Here are the Key objectives of the Appraisal Process of a Project: Assessment of a project in terms of its economic, social and financial viability. Decide to Accept or reject a Project. It is a tool to check the viability of a Project Proposal.

Here are the Key objectives of the Appraisal Process of a Project: Assessment of a project in terms of its economic, social and financial viability. Decide to Accept or reject a Project. It is a tool to check the viability of a Project Proposal.



The social appraisal of projects can be defined as an appraisal in which projects are analysed from the perspective of society as a whole. In Chapters 3 to 7 society will be taken to mean 'nation'. In Chapter 8 some remarks will be made about the international perspective.

The social appraisal of projects can be defined as an appraisal in which projects are analysed from the perspective of society as a whole. In Chapters 3 to 7 society will be taken to mean 'nation'. In Chapter 8 some remarks will be made about the international perspective.


Financial appraisal is a method used to evaluate the viability of a proposed project by assessing the value of net cash flows that result from its implementation. ... A financial appraisal essentially views investment decisions from the perspective of the organization undertaking the investment.

Financial appraisal is a method used to evaluate the viability of a proposed project by assessing the value of net cash flows that result from its implementation. ... A financial appraisal essentially views investment decisions from the perspective of the organization undertaking the investment.


An appraisal is important because it protects your investment. It's there to ensure that, as the buyer, you don't pay more than the home is actually worth. ... Therefore, if an appraisal comes back lower than the purchase price, the lender may only issue you a loan for the appraised amount.

An appraisal is important because it protects your investment. It's there to ensure that, as the buyer, you don't pay more than the home is actually worth. ... Therefore, if an appraisal comes back lower than the purchase price, the lender may only issue you a loan for the appraised amount.


Project appraisal document generally consists project introduction, objectives, and scope, techniques of implementation, organization description, output, and benefits of project, project monitoring and evaluation etc.

Project appraisal document generally consists project introduction, objectives, and scope, techniques of implementation, organization description, output, and benefits of project, project monitoring and evaluation etc.



Technical Appraisal is the technical review to ascertain that the project is. sound with respect to various parameters such as technology, plant. capacity, raw material availability, location, manpower availability, etc.

Technical Appraisal is the technical review to ascertain that the project is. sound with respect to various parameters such as technology, plant. capacity, raw material availability, location, manpower availability, etc.



Scheduling in project management is the listing of activities, deliverables, and milestones within a project. A schedule also usually includes the planned start and finish date, duration, and resources assigned to each activity. Effective project scheduling is a critical component of successful time management.

Mistakes Not to Make When Answering Performance Appraisal Questions:
  1. Avoid being vague instead be more specific.
  2. Let your employer analyze you and give feedback.
  3. Never compare yourself with other employees.
  4. Never use the word “that's not my job“
  5. Don't ask for it (raise in pay) “Professionals suggests so!”

Mistakes Not to Make When Answering Performance Appraisal Questions:
  1. Avoid being vague instead be more specific.
  2. Let your employer analyze you and give feedback.
  3. Never compare yourself with other employees.
  4. Never use the word “that's not my job“
  5. Don't ask for it (raise in pay) “Professionals suggests so!”

In most cases, the employee is required to evaluate himself first using a detailed self-appraisal form provided by the company. The manager also fills out a similar form prior to the appraisal meeting to evaluate the employee. Then, both parties discuss their evaluations together.

In most cases, the employee is required to evaluate himself first using a detailed self-appraisal form provided by the company. The manager also fills out a similar form prior to the appraisal meeting to evaluate the employee. Then, both parties discuss their evaluations together.



Types of Performance Appraisals
  • The 360-Degree Appraisal. ...
  • General Performance Appraisal. ...
  • Technological/Administrative Performance Appraisal. ...
  • Manager Performance Appraisal. ...
  • Employee Self-Assessment. ...
  • Project Evaluation Review. ...
  • Sales Performance Appraisal.
 
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