Project appraisal and management
This chapter builds on the analysis covered so far in this book, by applying it to projects. The focus is on appraising, authorizing, planning and managing projects. Ensuring that they come in on budget is obviously critical, and this theme is continued in the next chapter.
A key identifying element of a project is its finite or temporary nature. It has a beginning and an end date (which themselves are targets) and could run for as little as a day or as long as years or decades. However, I am going to stretch a point and ask you to consider almost any business activity as a project. The techniques discussed here can help you with most issues related to managing finances.
Thus, a project in the current sense could ...
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