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    Add as FriendProject Appraisals

    by: kothakota

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    1 : PROJECT APPRAISALS By Mr. K. Venkata Ramana, Lecturer, P. G. Department of Business Administration, IACR, RAYAGADA
    2 : PROJECT : Meaning A project is a time bound, systematic accomplishment of a diversified set of activities which are non-routine and non-repetitive in nature, in order to achieve financial and non-financial goals as well.
    3 : Example : Construction of building is a project, it consists of many activities like : Digging of foundation pits Construction of foundation Walls Roof Plasting Fixing of doors and windows Sanitary fittings Electrical wiring Painting Fixation of electronic equipments, etc.
    4 : RESOURCES REQUIRED : A project consumes resources like man, materials, money and time. The nature of resources is that they are limited and scarce. If a person wants to construct a house, the first thing comes into his mind is the financial budget within which the work should be completed. Like money, the other resources also compel a person to think and allocate within the availability, ability and willingness. Thus, resources are constraints of all projects.
    5 : Conclusion about a project Hence, we can conclude that a project as an organised programme of predetermined group of activities that are non-routine in nature and that must be completed using the available resources and within the given time-frame.
    6 : DEFINITIONS OF PROJECT “ a project can be defined as a non-routine, non-repetitive, one-off undertaking, normally with discrete time, financial, and technical performance goals.” by Harison
    7 : By Project Management Institute, USA………… “ a project is a system of involving the co-ordination of a number of separate department entities throughout the organization and which must be completed within prescribed schedules and time constraints.” “a temporary endeavour undertaken to create a unique product or service.”
    8 : BY ENCYCLOPAEDIA OF MANAGEMENT……….. “a project is an organised unit dedicated to the attainment of a goal-the successful completion of a development project on time, within the budget, in conformance with predetermined programme specifications.”
    9 : BY LITTLE AND MIRRLESS “a project is any scheme or part of a scheme for investing resources which can be reasonably analyzed and evaluated as an independent unit.”
    10 : PROJECT CHARACTERISTICS : OBJECTIVES LIFECYCLE CONCEPTION DESIGN IMPLEMENTATION COMMISSIONING DEFINITE TIME LIMIT UNIQUENESS TEAM WORK COMPLEXITY SUB-CONTRACTING RISK & UNCERTAINITY CUSTOMIZED CHANGE RESPONSIVENESS FORECASTING RATIONAL SELECTION SUCCESSION OPTIMUM UTILITY CONTROL MULTI DISCIPLINARY CONFLICTS PART OF A LARGE PROGRAMME
    11 : TAXONOMY OF PROJECTS : BASIS OF TYPE OF ACTIVITY INDUSTRIAL NON-INDUSTRIAL LOCATION NATIONAL INTERNATIONAL FULLY OWNED JOINT VENTURES MERGERS & ACQUISITIONS COMPLETION TIME NORMAL CRASH
    12 : TAXONOMY OF PROJECTS : OWNERSHIP PRIVATE PUBLIC JOINT SECTOR NEED NEW BALANCING EXPANSION MODERNISATION REPLACEMENT DIVERSIFICATION BACKWARD INTEGRATION FORWARD INTEGRATION SIZE SMALL MEDIUM LARGE

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