An Overview Of A Project.

Hello and welcome to my bog today.

The world bank defined a capital project as a proposal for capital investment to develop facilities to provide goods and services.

A project is a technically coherent production undertaken which can be carried out independently of other projects by private or public agents. It is the smallest init of investment activity to producing goods and services. A project may be an investment, to build something entirely new or for expansion, improvement, rehabilitation, replacement or modernization of an existing facility. It is pitting up a facility for the production of goods and services.

Projects whose final benefits are expected to accrue within one feasible period is presumed to be current outlays (money hat is been expended for a feasible period). Capital outlays goes beyond one period, its benefits at accrued beyond one period.

Project Analysis.
Odufadu and loto defines project analysis as one method of evaluating alternatives. It accesses the benefit and cost of a project reducing them to a common yard-stick.

It is the process of trying to take a decision concerning a particular project. Project Analysis may also be defined as the compilation, processing, and critical examination of variety of economic, financial and technical data I'm respect to the proposed capital investment with a view to determine whether its economic advantage or disadvantage justifies the commitment or allocation of scarce resources. It trys to check if the benefit out-weigh the cost of a project.

Project Appraisal And Project Analysis.
The term "Project Appraisal and Project Evaluation" are sometimes used interchangeably in project analysis. The common wealth office makes a slight distinction between them.

Project Appraisal refers to the review of the calculations, assumptions, and submissions contained in a project study (Ex-ante) the project is executed. It is usually carried out by financing organization e.g the Bank.

This is majorly carried out so as to source for funds using the feasibility study. The relationship between the project analysis and project appraisal is that analysis are done before appraisal follows.

Project Evaluation is an ex post study carried out after the project has been executed it is done after implantation. It is part of a project follow up to assess and gain mor knowledge about various feasibility report and the estimating techniques and procedures in the investment study.

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