PM 1253 2023 #1 Project Appraisals and Early Appraisal
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Questions and Answers

What pertains to a detailed analysis from different perspectives to ascertain viabilities in the 'idea stage'?

  • Legal appraisal
  • Market appraisal
  • Environmental appraisal
  • Technical appraisal (correct)

Which type of appraisal focuses on the financial aspects of project alternatives?

  • Commercial and marketing appraisal
  • Cost-benefit analysis
  • Financial/economic appraisal (correct)
  • Cost-effectiveness analysis

What is necessary to achieve success and involves analyzing alternative options in the 'idea stage'?

  • Early Appraisal (correct)
  • Project selection criteria
  • Types of Project Appraisals
  • Risk identification

Which type of appraisal specifically considers the market and social aspects of project alternatives?

<p>Social Appraisal (B)</p> Signup and view all the answers

What type of appraisal involves evaluating the uncertainties and risks associated with different project options?

<p>Uncertainty and risk appraisal (A)</p> Signup and view all the answers

What is the purpose of examining technical feasibility, cost estimates, and other aspects before proceeding to the next stage in project appraisal?

<p>To determine the success potential (C)</p> Signup and view all the answers

Why is the appraisal stage in a Project Life Cycle (PLC) considered advantageous?

<p>To learn about success potential with a small financial commitment (B)</p> Signup and view all the answers

What is one of the main challenges highlighted regarding stakeholders in project appraisal?

<p>Relatively low understanding of the utility of appraisal process (B)</p> Signup and view all the answers

Why is the implementation stage considered the most critical stage in the project cycle?

<p>To reach peak levels of activities (B)</p> Signup and view all the answers

How does examining alternative solutions contribute to project appraisal?

<p>By providing insights into success potential and risks (A)</p> Signup and view all the answers

What is a key reason for conducting a technical feasibility study in project appraisal?

<p>To assess if options can be successfully implemented (C)</p> Signup and view all the answers

What is one consequence of inaccurate project appraisal mentioned in the text?

<p>Cost overruns during implementation (C)</p> Signup and view all the answers

Which stage in the project life cycle immediately follows the 'idea stage' according to the text?

<p>Appraisal stage (B)</p> Signup and view all the answers

What is an example of poor project selection as mentioned in the text?

<p>Overprogramming of projects (D)</p> Signup and view all the answers

What can good appraisal and selection methods help maximize?

<p>Net benefits to society (B)</p> Signup and view all the answers

What is a key requirement for good project appraisal and selection as per the text?

<p>Absence of sound project selection procedures (B)</p> Signup and view all the answers

Why is poor project selection a concern according to the text?

<p>It can lead to wasteful white elephant projects with limited social and economic value (C)</p> Signup and view all the answers

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