PRINCIPLES OF PROJECT PLANNING AND APPRAISAL
I have been teaching project planning and appraisal as a subject at the graduate level since 2004 and at the undergraduate level since 2002 in the University of Peradeniya.
As a subject there is widespread worldwide interest in the field of project planning and appraisal. Students, researchers, policy planners, and other interest groups are very interest in the field. Project analysis has been grown up in the last 45 years and has been widely adopted, particularly in the process of external funding of public sector projects. The main focus of this small book is on the socio-economic analysis of investment projects. An analysis of project planning processes as well as appraisal process.
There are already many books in the market about project planning and appraisal, some of them are very good. What is special about this one? I do not claim to have obtained new results, but I have use my own way of presenting the subject matters with suitable hypothetical and real world examples. The book is divided into two main sections.
The first part of the book, describes the project planning process and related themes with the assistance of suitable examples. Most of the examples are related to Sri Lankan project planning procedures and process. Accordingly the project cycle that have been used in Sri Lanka for more than three decades, is used for the discussion in this book. As main concepts in the field, the problem tree approach and the logical framework approach are described in the book.
The second part of the book, the project appraisal phase of the project cycle, deals completely with the technique of Cost Benefit Analysis (CBA) it is the most common and well acknowledge technique of economic project appraisal. The presentation in this task is mainly based on following hypothetical examples through the various stages of the analysis. In this part, ten main principles of cost benefit analysis are discussed with hypothetical examples where necessary. And also, the social and environmental impact assessment techniques such as EIA and SIA have discussed in the book.
In writing this book, I received encouragement and assistance from many people. Special thanks are due to Palitha Pathberiya, Senior Lecturer in Economics, and Head of the Department, Economics and Statistics, Dr. Anoma Abhayarathne, Senior Lecturer in Economics, University of Peradeniya for their valuable advice, support and enthusiasm. The completed draft was commented on by Palitha Pathberiya with his meticulous and constructive supervision.
I wish to express my thanks Uncle L.B. Herath and Sister Chandani Herath, who provided assistance at critical stages in the preparation of the manuscript. I would like to thanks Ms. Kumuduni Kanathegedara at the Department of Economics and Statistics, University of Peradeniya for giving valuable assistance in various ways for the accomplishment of this study.
My wife, Rupika and daughters, Vidu, Primeshi and Nethmi, deserve special thanks for putting up with my general unavailability during the time this study was being written. This book could not have been done without the encouragement and assistance she gave me.