PM 1253 2023 #1 Project Appraisals and Early Appraisal
17 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

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</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</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</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</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</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</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</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</p> Signup and view all the answers

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

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

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

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

    What can good appraisal and selection methods help maximize?

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

    More Like This

    Use Quizgecko on...
    Browser
    Browser