Project analysis is a method of presenting the choice between competing uses of resources, and is done through analysis of information and data. Project evaluation studies are meant to assist in the selection and design of new viable projects. A study will evaluate the extent to which the project produces the intended results, the proper technology, the least-cost alternative process as well as the cost-effectiveness of the project. It will also consider the engineering as well as the financial risk and evaluate the economic (social) cost.

Chapter Contents:

• 2.1 Project selection and evaluation
• 2.2 Project development
• 2.2.1 The pre-investment stage
• 2.2.1.1 The feasibility study
• 2.2.1.2 Project appraisal
• 2.2.2 The investment phase
• 2.2.3 The operational phase
• 2.2.4 Post-operation evaluation
• 2.3 Other considerations in project evaluation
• References

Inspec keywords: risk management; electricity supply industry; socio-economic effects; project management; power system economics

Other keywords: project cost-effectiveness; project evaluation; least-cost alternative process; financial risk; economic cost; project analysis

Subjects: Power system management, operation and economics