IntroductionThe managerial art of investment selectionMore tricky issues in real-world project appraisalTaxation and investment appraisalThe stages of investment decision-makingConclusion


An organization may be viewed simply as a collection of projects, some of which were started a long time ago, some only recently begun, many are major ‘strategic’ projects and others minor operating-unit-level schemes. It is in the nature of business for change to occur, and through change old activities, profit centres and methods die, to be replaced by the new. Without a continuous process of regeneration firms will cease to progress and be unable to compete in a dynamic environment. It is vital that ...

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