The principal non-discounting criteria are the payback period and the accounting rate of return. They are divided into two broad categories, viz., non-discounting criteria and discounting criteria. It addresses the question-Is the project worthwhile? A wide range of appraisal criteria have been suggested to judge the worthwhileness of a project. Selection Selection follows, and often overlaps, analysis.
Based on the information developed in this analysis, the stream of costs and bene ts associated with the project can be de ned. The focus of this phase of capital budgeting is on gathering, preparing, and summarising relevant information about various project proposals which are being considered for inclusion in the capital budget. The questions and issues raised in such a detailed analysis are described in a subsequent section. Analysis If the preliminary screening suggests that the project is prima facie worthwhile, a detailed analysis of the marketing, technical, nancial, economic, and ecological aspects is undertaken.
Projects By Prasanna Chandra full#
A prelude to the full blown feasibility study, this exercise is meant to assess (i) whether the project is prima facie worthwhile to justify a feasibility study and (ii) what aspects of the project are critical to its viability and hence warrant an in-depth investigation. To begin with, a preliminary project analysis is done. Once a project proposal is identi ed, it needs to be examined. This provides the framework which shapes, guides, and circumscribes the identi cation of individual project opportunities. The investment strategy of the rm delineates the broad areas or types of investments the rm plans to undertake. Project Review and Administrative Aspects Appendix A: Tables Appendix B: Assessing the Tax Burden Appendix C: Environmental Impact Assessment Appendix D: Detailed Project Report Bibliography Index Click here to view the detailed table of contentsġ.4 Projects Planning The planning phase of a rm’s capital budgeting process is concerned with the articulation of its broad investment strategy and the generation and preliminary screening of project proposals. Network Techniques for Project Management 23. Evaluation and Financing of Infrastructure Projects 21. Infrastructure Projects and Public-Private Partnerships 20. Judgemental, Behavioural, Strategic, and Organisational Considerations 17. Financial Estimates and Projections New Product Information 7. Generation and Screening of Project Ideas 4.
Updated and expanded ancillary web material for students and instructors
Projects By Prasanna Chandra professional#
Dedicated chapter on Venture Capital and Private Equity for professional readers and courses. KEY FEATURES Substantial revision of several chapters New section: Infrastructure Projects and Public Private Partnerships and Evaluation and Financing of Infrastructure Projects Nine new appendixes such as: Appendix 2C-Five Principles of Capital Allocation Appendix 2D-Personality Traits and Capital Management Appendix 7B-Microsoft as a Financial Calculator Appendix 7C-XNPV and XIRR Appendix 10B-Cost of Capital in Practice, etc. It helps readers develop a thorough understanding of the theories and concepts in a systematic way. It is the most contemporary Indian book available that describes and evaluates business practices in various areas. The book presents the entire gamut of capital budgeting and suggest ways of improving its practices. PROJECTS: Planning, Analysis, Selection, Financing, Implementation, and Review 9th Edition Author: Prasanna Chandra ISBN: 81-941138-30, 978-81-94 Pages: 772 Instructor and Student Resources available at Overview The ninth edition of Projects is a comprehensive and up-to-date text that discusses key principles and techniques for evaluating capital expenditure proposals, as well as strategic, qualitative and organizational considerations impacting capital budgeting decisions.
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