Project appraisal

Project appraisal is a generic term that refers to the process of assessing, in a structured way, the case for proceeding with a project or proposal. It often involves comparing various options, using economic appraisal or some other decision analysis technique.


  • Initial Assessment
  • Define problem and long-list
  • Consult and short-list
  • Develop options
  • Compare and select Project

Types of appraisal

  • Economic appraisal
    • Cost-benefit analysis
    • Cost-effectiveness analysis
    • Scoring and weighting
  • Multi-criteria analysis


Cost-Benefit Analysis, 2nd edition, (2001) by Boardman, Greenberg, Vining, and Weimer, ISBN 0-13-087178-8 Pearson Education, Prentice Hall.

Anthony E. Boardman, David H. Greenberg, Aidan R. Vining, and David L. Weimer, (1996) Cost – Benefit Analysis: Concepts and Practice, 1st Edition, by .

Gittinger, J. P (1982). Economic Analysis of Agricultural Projects (2nd Edition). Economic Development Institute, World Bank.

Kohli, K. N (1993). Economic analysis of investment projects: a practical approach. Oxford University Press.

Hanley, N and Spash, C (1993). Cost Benefit Analysis and the Environment. Edward Elgar. Cambridge University Press.

Brent, Robert J. Cost-Benefit Analysis for Developing Countries. Edward Elgar Publishing. Overseas Development Administration. Appraisal of Projects in Developing Countries. A Guide for Economists. HMSO Publications.

Layard, Richard and Glaister, Stephen (eds) Cost-Benefit Analysis. Second edition. Cambridge.

Curry, Steve and Weiss, John. Project Analysis in Developing Countries. The Macmillan Press Ltd

External links

Search another word or see Project_appraisalon Dictionary | Thesaurus |Spanish
Copyright © 2015, LLC. All rights reserved.
  • Please Login or Sign Up to use the Recent Searches feature