In this article we will discuss about:- 1. Meaning of Project 2. Classification of Project 3. Project Appraisal. Meaning of Project: Any proposed activity whose cost and benefit to some extent can be isolated, where cost must be incurred before benefits are known, is known as project. Project can be major or minor. Thus any single proposed activity which involves [...]
There are two broad evaluation methods for a capital budgeting proposal: i. Non-Discounted Cash Flow Methods: These are the traditional methods and include payback period and the accounting rate of return (ARR). Their biggest disadvantage is that they ignore the time value of money. The payback method is skewed towards selection of projects with the shortest payback period; it ignores [...]
Overseas projects in general, and global projects in particular throw up unique issues in coordination, management and control, arising from behavioural, cultural, regulatory, and political differences. There is the added problem of teams working in different time zones and the project's 'public visibility' especially if it was given the green signal by the host country's government in the face of [...]