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Financing and Managing Projects, Volume I by Ashok Panjwani, Nand L. Dhameja

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CHAPTER 5

Project Appraisal, Price-Level Changes, Social Cost–Benefit Analysis

After having gone through this chapter, you should be able to

Appreciate project appraisal in complex situations

Understand comparison of NPV and IRR

Overview situations of conflicting results of NPV and IRR and issue of multiple IRRs

Illustrate situations of independent projects and mutually exclusive projects

Appreciate the need for adjustment of price-level changes

Understand the concept of social cost–benefit analysis

Appreciate adjustment for risk in the project appraisal process

Overview examples of some projects and project management practices

Key Terms: Reinvestment Rate, Capital Rationing, Mutually Exclusive Project, Independent Project, ...

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