Well you see, qualitative is all about that quality.
And now that quantitative, yeah that's about quantity.
Technical appraisal of a project management requires examining if the project fulfills the task and how well it fulfills the task. This is a qualitative and quantitative approach.
Project appraisal can be time-consuming and resource-intensive, potentially delaying project initiation. It may also lead to a focus on quantitative metrics, overlooking qualitative factors that are essential for project success. Additionally, biases in the appraisal process can skew decision-making, resulting in suboptimal project selections. Finally, reliance on past data and assumptions can lead to inaccuracies in forecasting future project performance.
In payback period of investment appraisal method all cash inflows and outflows are analysed and find out that in how many years investment proposal will earn the invested money.
Assuming that the question relates to an investment appraisal, feasibility looks mainly at the profitability of the project, and viability looks at the likelihood of survival.
potential appraisal is not performance appraisal. similarly performance appraisal is not potential appraisal.
features of a sound appraisal investment technique
The Payback method is one of the investment appraisal methods. Other methods to appraise investments are the Average Rate of Return and the Net Present Value method.
Kenneth McConville has written: 'Appraising an investment appraisal' 'Appraising an economic appraisal'
the Difference can be explained by an example.There is a belief among the employess that they have appraisal. Employees trust that there is a appraisal.
IRR, NPV, DCF are the main Investmetn Appraisal Techniques.
Rob Dixon has written: 'Venture capitalists and investment appraisal'
Human resource accounting measures the organization's investment in employees using the five parameters: recruiting, acquisition; formal training and familiarization; informal training, Informal familiarization; experience; and development whereas performance appraisal measures how an employee performs and usually gives appropriate feedback on how to improve. So in short one evaluates the companies investment the other evaluates an individuals progress