Appraisal Techniques in Project Financing
There tends to be a natural sequence in the way projects are planned, structured and carried out by project developers. This sequence is often called the project cycle. The project cycle can be identified as the process of carrying out a project through the different stages of project identification, preparation, appraisal, negotiation, implementation, supervision and post-project evaluation. Among these stages, the project appraisal is a key step to ensure the economic and financial viability of a project. The appraisal stage evaluates the adequacy of project returns as well as the capital structure and the financial viability of a project.
KeywordsCash Flow Total Asset Debt Ratio International Financial Market Appraisal Technique
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