17 Questions
What pertains to a detailed analysis from different perspectives to ascertain viabilities in the 'idea stage'?
Technical appraisal
Which type of appraisal focuses on the financial aspects of project alternatives?
Financial/economic appraisal
What is necessary to achieve success and involves analyzing alternative options in the 'idea stage'?
Early Appraisal
Which type of appraisal specifically considers the market and social aspects of project alternatives?
Social Appraisal
What type of appraisal involves evaluating the uncertainties and risks associated with different project options?
Uncertainty and risk appraisal
What is the purpose of examining technical feasibility, cost estimates, and other aspects before proceeding to the next stage in project appraisal?
To determine the success potential
Why is the appraisal stage in a Project Life Cycle (PLC) considered advantageous?
To learn about success potential with a small financial commitment
What is one of the main challenges highlighted regarding stakeholders in project appraisal?
Relatively low understanding of the utility of appraisal process
Why is the implementation stage considered the most critical stage in the project cycle?
To reach peak levels of activities
How does examining alternative solutions contribute to project appraisal?
By providing insights into success potential and risks
What is a key reason for conducting a technical feasibility study in project appraisal?
To assess if options can be successfully implemented
What is one consequence of inaccurate project appraisal mentioned in the text?
Cost overruns during implementation
Which stage in the project life cycle immediately follows the 'idea stage' according to the text?
Appraisal stage
What is an example of poor project selection as mentioned in the text?
Overprogramming of projects
What can good appraisal and selection methods help maximize?
Net benefits to society
What is a key requirement for good project appraisal and selection as per the text?
Absence of sound project selection procedures
Why is poor project selection a concern according to the text?
It can lead to wasteful white elephant projects with limited social and economic value
Learn about different types of project appraisals such as technical, legal, environment, commercial, financial/economic, and organizational/management appraisals. Understand the concepts of cost-benefit analysis, economic appraisal, and cost-effectiveness analysis. Explore the importance of early appraisal in achieving project success.
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