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This updated new edition explores the techniques used to assess the economic impact of projects in developing countries. Blending an academic understanding of economics and development with an accessible style and practical advice, the costs and benefits of investment projects, an important mechanism for economic development, are assessed to ensure that resource allocation is as productive as possible. New material has been added, particularly on the environmental impact of projects, the role of the discount rate in decision-taking, the application of techniques to estimate willingness to pay for benefit estimation and the quantification of health impacts. Although the basic techniques of project analysis were developed many decades ago, they remain highly relevant to address current concerns, such as population growth, urbanisation, pressure on physical infrastructure, inequality, and the climate crisis. This book aims to provide an accessible overview, drawn from extensive practical experience, of project analysis in developing countries. It will be relevant to students, researchers, and practitioners interested in development economics.
Investment projects are an important mechanism for economic development. However, their costs and benefits must be assessed to ensure that the resources committed are being used as productively as possible. This book explains the techniques available to assess the economic impact of projects in developing countries. It draws on the authors experience in teaching and applying these techniques and combines relevant economic theory with a clear understanding of what can be done in practice. The book aims to make existing techniques readily accessible to both students and practitioners.
The Book Is Primarily Intended To Serve As A Textbook For Undergraduate As Well As Postgraduate Students Of Management Studies. The Book Covers The Syllabus Prescribed By Most Universities/Institutes In India On The Subject Project Management . The Book Will Also Be Of Use To Commerce Students And For Students Of Professional Courses Like Aicwa, Aca And Cfa.All Aspects Of Projects, Viz., Project Identification, Project Appraisal, Project Planning And Scheduling, Project Implementation, Project Evaluation And Post Audit Of Projects Have Been Covered. The Book Also Touches Upon Finer And Practical Aspects Of Project Analysis And Implementation Which Will Be Of Great Use To Entrepreneurs.The Subject Matter Has Been Presented In A Simple And Lucid Form. Project Scheduling Techniques Have Been Explained In Detail With The Aid Of Graded Examples To Bring Home The Concepts Clearly. Though The Book Is Mainly Addressed To Students, It Will Be Equally Useful To Project Appraisers, Project Managers And Entrepreneurs As Well.