Project formulation and evaluation in relation to development programming
Author(s)/Corporate Author (s)United Nations. Economic and Social Council;
United Nations. Economic Commission for Africa;
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The rationale for project evaluation is that private economic profitability is not always a useful yardstick from the point of view of overall social economic benefit. In a comprehensive development plan fully worked out in every detail, the individual projects included have been selected from the point of view of maximum contribution to the growth of the economy and other objectives aimed at by the government. In those cases no special procedures for project evaluation according to social-economic values are necessary. However, comprehensive plans are often not fully worked out; moreover many times comprehensive development plans are altogether absent. In such circumstances, it is often felt that calculations of costs and benefits of contemplated projects should include considerations with regard to the economy as a whole as well as to the overall objectives of the government. Project evaluation as a technique has been developed to introduce such considerations and to broaden the basis of evaluation of development projects.
Citation“United Nations. Economic and Social Council; United Nations. Economic Commission for Africa (1962-01). Project formulation and evaluation in relation to development programming. UN. ECA Working Party on Economic and Social Development ( 1962, Jan. 15 - 27 : Addis Ababa, Ethiopia).. Addis Ababa :. © UN. ECA,. http://hdl.handle.net/10855/6575”
ConferenceUN. ECA Working Party on Economic and Social Development ( 1962, Jan. 15 - 27 : Addis Ababa, Ethiopia).
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