Abstract:
Project appraisal is a process of investigation to assist the decision maker to reach a rational choice. Economic analyses measure and compare the level and nature of costs and benefits. The success of investment is determined by choosing the most preferred alternative. The techniques of evaluation measure the viability of investment proposals by comparing aggregate benefits with aggregate costs. It guide not only to access the viability of investment but also determines as to which of the project would result in large benefits for a given unit of cost.
Page(s):
107-112
DOI:
DOI not available
Published:
Journal: Journal of Engineering and Applied Sciences, Volume: 5, Issue: 1, Year: 1986