Offering a one-stop solution for
business Strategy Consulting.
Project appraisal is the systematic process of evaluating the viability of a project. It consist of calculating the suitability of the project before committing resources to it. It involves making comparison between different choices and best option is chosen by financial modeling technique or any other technique. It is better to do a detailed analysis of the project irrespective of mode of finance.
Why Project Appraisal is required ?
Initial assessment, defining problem and long-list, consultation and short-list, developing options, comparing and choosing project are the five phases in the project appraisal process. If the assessment process is initiated at an early stage, the organization would be in a greater position to determine how money can be allocated to the project, as well as to avoid overspending or terminating a project that is not commercially feasible.