Transcription of Chapter-3 Project appraisal
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Chapter-3 Project appraisal
chapter 3. Project appraisal Although, we are familiar with tools such as Gantt chart,, PERT, CPM, IRR, NPV and others associated with Project management. Yet when it comes to real Project scenario, we find practical problems which could bring deviations. This is not to suggest that the tools and techniques are inadequate, but assumptions on which the Project reports are prepared are either invalid or unrealistic. A review of the Ministry of Programme Implementation has shown that about 70% of Project time or cost overruns are due to unrealistic assumptions at the Project formulation stage. stage. It is therefore necessary to pay attention to this, often overlooked, but vital aspect of Project formulation.
Chapter 3 . 67 Meanings of Project Appraisal ... especially in a developing country? ... Its impact on the society in general and to the community in the near vicinity, in particular, is a major concern to be taken into account at the time of project formulation. This includes land
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