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3. FINANCIAL ANALYSIS AND APPRAISAL OF PROJECTS
www.afdb.org3.1.1 OM 500 and OM 600 (Knowledge Network Section 7.9) address project preparation and project appraisal respectively. While project preparation is the process that converts a project idea into a formal plan, the overall objective of appraising a project is for the
Basic Concepts In Project Appraisal - AGSM
www.agsm.edu.auWeek 2 AGSM©2006 Page 11 3.1 Annual User Charge (AUC) Concepts: Oppor tunity Cost: The opportunity cost of a project is what is forgone byunder taking the project — i.e.the