What are the various aspects of project appraisal?

Answer 1

Project appraisal refers to the process of assessing and questioning proposals before resources are committed. It is an essential tool for effective action in community renewal. It is a meaning by which partnerships can choose the best projects to help them achieve what they want for their community. But appraisal has been source of confusion and difficulties for projects in the past. Auditors of operation of single projects budget scheme have highlighted concerns about the design and operation of projects appraisal system including the following;

• Mechanistic inflexible system

• A lack of independence and objectivity

• A lack of clear definition of the stages of appraisal and of responsibility for these stages

• A lack of documentary evidence after carrying out the appraisal

Project appraisal is a requirement before funding of program is done. But tackling problem Li “those outlined above is about more than getting the system right on paper. #! patience in projects emphasizes the importance of developing and appraisal culture which involves developing the right system for local circumstances and ensuring that everyone involved recognizes the value of projects appraisal and has the "knowledge and skills necessary to play their part in it.

Key Aspects in Appraising Projects Include the Following.

Need, targeting and objectives:

The starting point for appraisal applicant should provide a detailed description of the projects identifying the local need it aims to meet. Appraisal helps show if the projects is the right response and highlight what the project is supposed to do and for whom.

Context and connection:

Appraisal should help show that a project is consistence with the objectives of the relevant funding program and with the aims of the local partnership. Are there lines between the project and other local programs and project does it add something or complete?

Inputs:

It is important to ensure that all the necessary people and resource are in place deliver the project. %His may mean thinking about funding from various sources and others inputs such as volunteer help or premises. Appraisal should include the examination of appropriately detailed budgets.

Consultation:

Local consultation may help to determine priorities and secure community consent andownership. More targeted consultation with potential projects users may help ensure that project plans are viable. A key question in appraisal will be whether there has been appropriateconsultation and how it has shaped the project.

Forward strategies:

The appraisal of forward strategies can be particularly difficult given inevitable uncertainties about how project will develop. But is never too soon to start thinking about whether a project should have a fixed life span or if it is to continue beyond a period of regeneration funding what support it will need to do so.

Risk and Uncertainty:

You cannot avoid risk but you need to make sure you identify risk is there a risk and if so what is it estimate the scale of risk and evaluate the risk. There should also be contingency plans in place to minimi$e the ris" of project failure or of a major gap between what is promised andwhat is delivered.

Implementation:

Appraisal will need to scrutinize the practical plans for the delivering the project asking whether staffing will be adequate the timetable for the work is a realistic one and if the organization delivering the project seems capable of doing so.

Value for Money:

This is one of the key criteria against which projects are appraised. A major concern for government it is also important for local partnerships and it may be necessary to take local factors which may affect costs into account.

Output and outcomes:

Detailed consideration must be given in appraisal to what a project does and archives. It is output and more importantly it is longer term outcomes. Benefits to neighborhoods and their residents are reflected in the improved quality of life outcomes (jobs better housing safety health and soon)

Answer 2

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