Titlebook: Early Project Appraisal; Making the Initial C Knut Samset Book 2010 Palgrave Macmillan, a division of Macmillan Publishers Limited 2010 dec

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Three Main Phases in a Projectinant of successful project outcomes. The assessment focuses on three main questions:.Are the project objectives worthwhile and the risks commensurate with potential rewards?.Is the project likely to achieve its objectives?.Is the underlying logic clearly articulated?.Procedures are in operation to

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Uncertainty, Risk and Opportunitieslity is commonly stated in percentages, so that 0.1 is a probability of 10 per cent that an event occurs and 1.0 indicates certainty of occurrence. Consequence may be expressed in monetary units, so risk, then, expresses expected value. It also may be expressed in other units, such as number of peop

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The Problem of Utilityvarious ways. Some use utility as a collective term for the positive effects of an endeavour. A broader definition might be that utility is the sum of the individual welfare rewards (which in some cases may be negative) generated by the endeavour (Næss 2004). In cost-benefit analyses, the notion of

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What is a Concept?in this book in describing the evolution of projects, a concept is a mental construction intended to support the solution of a problem or the satisfaction of a need. The notion of concept is principled in the sense that conceivably several dissimilar concepts may be alternative solutions to the same

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Project Alignmente phenomena of ., . and . are closely related. There must be correspondence between them. For example, a hydroelectric power project is initiated and planned to meet a need for electric power in a market. The project is to build a facility with a stated capacity. The goal is to attain stable deliver

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Methods and Analyses in the Front-End Phase acquiring better information are greatest, as discussed in Chapter 5. But one also faces the fundamental problem that the basic data are inadequate and uncertain, with large margins and deviations and is supplemented with judgemental data. Hence, precision instruments are little suited to analyzing

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