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Social Cost Benefit Analysis of Projects

    Social cost benefit analysis Social cost benefit analysis (SCBA) called Economic analysis, is a methodology developed for evaluating investment projects. In other words, it is concerned with Tactical Decision making within the framework of broad strategic choices defined by planning at the macro level. Objectives of Social Cost Benefit Analysis The main focus of Social Cost Benefit Analysis is to determine: Economic benefits of the project in terms of shadow prices; 1. The impact of the project on the level of savings and investments in the society; 2. The impact of the project on the distribution of income in the society; 3. The contribution of the project towards the fulfilment of certain merit wants (selfsufficiency, employment etc). 4. To determine and measure the expected future economic and social benefits that may be derived from an intended project or activity. 5. To determine and measure the flow of future economic and social costs that would b...
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Risk Analysis in Project Management

  Risk Analysis Introduction Risk Analysis and Management is a key project management practice to ensure that the least number of surprises occur while your project is underway. While we can never predict the future with certainty, we can apply a simple and streamlined risk management process to predict the uncertainties in the projects  ·          Risk analysis involves  examining how project outcomes and objectives might change due to the impact of the risk event . ·          Risk analysis is  the process of identifying and analyzing potential issues that could negatively impact key business initiatives or projects .  Once the risks are identified, they are analysed to identify the qualitative and quantitative impact of the risk on the project so that appropriate steps can be taken to mitigate them. Types of Risk strategic risk - eg a competitor coming on to th...
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International Project Management

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  International Project Management   Globalization  has brought us a more integrated and interdependent world economy and therefore is creating an increasing number of  international project , i.e. a project that reach beyond national boundaries regarding either the project purpose or the nationality of the stakeholders. However, surveys show only a  40% success rate of international effort . One would think that  standard project management methods  can be applied within those projects as it is quite successful on a national scale. But international projects bring many different issues that are not covered by standard methods. One of the most difficult challenge, companies have to undergo is  cultural differences . People do not have the same perception of power, happiness, time line or team works and it can have a huge impact on the success of a project. To help the manager identifying those differences, a list of questions have been de...
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Project Management - Introduction

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Project & Project Management - Introduction, Characterstics, Objectives, Need, Importance Limitations, Principles, Tools & Techniqes, Project life Cycle, Classification , Project Selection Methods, Identification, Idea Generation.  Project ·         A project is any undertaking, carried out individually or collaboratively and possibly involving research or design, that is carefully planned to achieve a particular aim. ·         A project is a sequence of events: a "set of interrelated tasks to be executed over a fixed period and within certain cost and other limitations". ·         A project may be a temporary (rather than permanent) social system (work system), possibly staffed by teams (within or across organizations) to accomplish particular tasks under time constraints. ·         A project may form a part of wider programme ...
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