What Is The Significance of Project Appraisal?


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Project Appraisal 2

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Significance / Usefulness / Importance of Project Appraisal:

            Project appraisal is useful in following ways;

  1. It helps in arriving at specific & predicted results.
  2. It evaluates the desirability of the projects.
  3. It provides information to determine the success or failure of a project.
  4. It employs existing norms to predict the rate of success or failure of a project.
  5. It verifies the hypothesis framed for the project.

 

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