Lecture notes, lectures 5 ch5 operating and financial leverage lecture notes, lectures 6 ch06 working capital and the financing decision lecture notes, lectures 8 ch8 sources of shortterm financing lecture notes, lectures 9 ch 9 the time value of money lecture notes, lectures 10 ch10 valuation and rates of return lecture notes, lectures 16 ch16 longterm debt and lease financing. Any person or group of people who may be affected by your project common project terms. Project direct costs 183 project indirect costs 184 9. Cost benefit analysis cba provides a systematic set of procedures by which a firm or government can assess whether to undertake a project or programme and, when. Technical aspects relate to the production or generation of the project output in the form of goods and services from the projects inputs. Project managers are involved with all of these aspects. This is the final step before a project is agreed for financing. This project management handbook is intended for anyone who is involved in or will be involved in projects that take place within or are conducted in association with dans. A project is defined, whether it is in construction or not, by the following characteristics. The basic underlying difference between these two lies in the consideration of time value of money in the project investment. The process of project selection consists of following stages. Under economic analysis, the project aspects highlighted include requirements for raw material, level of capacity utilization, anticipated sales, anticipated expenses and the probable profits.
Economic appraisal of largescale transport infrastructure investments, ph. Lecture notes, lectures 12 ch12 the capital budgeting decision. It checks that the project is feasible against the situation on the ground, that the objectives set remain appropriate and that costs are reasonable. Project should be charged for cannibalization of regular widget sales. Each and every project is based upon assumptions, necessarily involve capital expenditure in the hope of a reasonable return on investment over a future period of time. Project appraisal and analysis linkedin slideshare. This approach of performance appraisal measures the performance of employees on a continuous basis. Project appraisal necessarily involves validation of various assumptions. Traditional approaches to project appraisal fail in practice to address two fundamental questions. A particular feature of the training course is the practical nature of this training course, involving delegates in the practical appraisal and analysis of projects using the latest tools and techniques to ensure skills development. Investment appraisal techniques payback, arr, npv, irr, pi.
Module 8 project planning, monitoring and evaluation is divided into six units. Project management is the discipline of organising and managing resources in such a way that these resources deliver all the work required to complete a project within defined scope, time, and cost constraints. Professional accountants in business can help provide a strategic and operational context, and to estimate the many variables, such as if forecasted cash flows and the cost of debt and equity are being used to fund any project. Additionally, a brief introduction to environmental benefit transfer will be given. Lecture 4 project cycle management islamic university of.
Net present value annual user charge value on completion annual value annuities 4. Lecture notes on construction project management emad elbeltagi, ph. Find materials for this course in the pages linked along the left. Ppt project appraisal an overview powerpoint presentation.
Project appraisal lecture notes excerpt request pdf. Project management lecture note 3 feasibility study free download as powerpoint presentation. Let us study in this unit, the meaning of project management, its importance, classification of projects, project portfolio management system, project management structure, steps in defining. The complete programme, or individual sessions or parts of sessions, can also be. Techniques of project appraisal 5 rate applying to future flows. This uptodate and authoritative survey volume demonstrates the ways in which costbenefit analysis has developed in response to changes in economic circumstances and conditions. Performance appraisal is the systematic, periodic and an impartial rating of an employees excellence in matters pertaining to his present job and his. An entrepreneur needs to appraise various alternative projects before allocating the scarce resources for the best project. Lecture notes project management principles course notes. Introduction to project management introduction realization of these objectives requires systematic planning and careful implementation.
You are not allowed to take in books or notes to the exam room. Salim central institute of fisheries education mumbai61 introduction there are two types of measures of project appraisal techniques i. It is said that a business should have always a volume of profit clearly in view which. Project management in recent years has proliferated, reaching. Introduction to public and private projects, evaluation methods and project evaluation checklists. Detailed estimation and pumpstation overview pdf 1. Hello mba students, i am sharing this summarized ebook and lecture notes of project planning management for mba students. Project management lecture note 3 feasibility study.
Project phases and the project life cycle a project life cycle is a collection of project phases project phases vary by project or industry, but some general phases include concept, development, implementation and support products also have life cycles the system development life cycle sdlc. Appraisal is the analysis of a proposed project to determine its merit and acceptability in accordance with established criteria. Introduction to project planning this unit gives an overview of the different tasks that are involved in the design, development and implementation of a project. Initial investment includes capital expenditure and wc 2. Some of the methods of project appraisal are as follows. Financial, economic, stakeholder social, risk analyses cash flow approach to projectprogram appraisal cash flows from different perspectives starting point for project appraisal is construction of cash flows over the project life cycle whether. The present value of a project pv would then be found by the formula ir 1 where represents the estimated excess of benefits over outlays in year t, and rj is the rate of discount applicable to flows accruing during the year i. Project risk is an uncertain event or co ndition that, i f it occurs, has a n effect on at least one project obj ective. Techniques of project appraisal 3 the product price and materials prices are expected to remain constant. Request pdf project appraisal lecture notes excerpt excerpt pages from the project appraisal courses supplementary teaching text c. Lecture notes, lectures 12 ch12 the capital budgeting.
Lecture 5 performance appraisal introduction definitions of performance appraisal. Learn some project planning and managing basics in this article with a free powerpoint download. Appraisal means evaluation about the worth of an object or person and performance. Analysis of prospective costs and benefits that leads toanalysis of prospective costs and benefits that leads to desirability for committing sirability for committing. Usually created by a project management program like ms project. Performance appra is al has been defined as follows. Project and investment appraisal for sustainable value creation. Project appraisal follows the project formulation phase resulting in the preparation of feasibility report fr. Project formulation, appraisal and management lecturenotes. Investment appraisal, dcf methods, project, value management techniques, shareholder. Project appraisalproject appraisal critical examination of the project from all aspects iscritical examination of the project from all aspects is called appraisal. It continuously informs them about how well they are doing.
Use the programme as described in this manual can be used for a specialised course on project preparation and appraisal. Particular attention is paid to the likely impact of the project on different stakeholders, their opportunities for participation, and the projects contribution to poverty reduction. International project management does just that, systematically linking the key elements of crosscultural management and the particularities of an international context, with the tools and. Project and investment appraisal for sustainable value. Winner of the standing ovation award for best powerpoint templates from presentations magazine. Further notes on the website definition logic and role the approach some challenges definition. These notes and ebook on project planning will help you revise the syllabus and prepare quickly during your mba exams.
Good sources of information on project appaisal and cba. Display the dau life cycle wall charts in the classroom. Home project formulation, appraisal and management. Objec tives can inc lude scope, s chedule, cos t, and. Experienced microsoft project instructor and published author offers her personal lecture notes from a popular project 20032007 level 1 class. Theyll give your presentations a professional, memorable appearance the kind of sophisticated look that todays audiences expect. Chart and diagram slides for powerpoint beautifully designed chart and diagram s for powerpoint with visually stunning graphics and animation effects. This formulation also brings out clearly the method of analyzing the. It starts by defining what a project is and goes on to identify some of the stages. The techniques and methods of project appraisal in developing countries have been considerably expanded and refined since they were first introduced in the late 1960s. Since feedback is provided in performance appraisal and employee is informed about his future chances in same company, the employee is motivated to work better. Lecture notes project management civil and environmental.
Project and investment appraisal for sustainable value creation 7 of an organization. Theory and practices of project appraisal repub, erasmus. Technical analysis represents study of the project to evaluate technical and engineering aspects when a project is being examined and formulated. Information for all this is collected from hrp process. Thus, project management has become an important area and its application is found in almost all the business and nonbusiness activities.
Our new crystalgraphics chart and diagram slides for powerpoint is a collection of over impressively designed datadriven chart and editable diagram s guaranteed to impress any audience. Project should not be charged for paintingmachine time 5. There are two approaches to measure the performance of employees. The project ideas as a process of identification of a project begins with an analytical survey of the economy also known as preinvestment surveys. Public investment typically occurs through the selection, design and implementation of specific projects to achieve the goals of policy. Following on from week 5, the course in week 6 will cover stated preference methods, in particular contingent valuation and choice modelling. Project formulation, appraisal and management material pdf. Project planning pdf lecture notes, ebook download for mba. Lecture notes project evaluation civil and environmental.