A project is temporary in that it has a defined beginning and end in time, and therefore defined scope and resources that are ways of organizing resource. It is a group of individuals who are assembled to perform different tasks on a common set of objectives for a defined period of time.
A Project appraisal is
refers
to
the process of
assessing, in a structured way, the
case
for proceeding with a project that is the effort of
calculating a project's viability. The processes
of a
project appraisal are- Initial assessment, define
problem and long-list, consult and short-list, develop options, compare and select
project