p_eval04_l9_comp

p_eval04_l9_comp - 1.011Project Evaluation Comparing Costs...

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1.011Project Evaluation: Comparing Costs & Benefits Carl D. Martland Basic Question: Are the future benefits large enough to justify the costs of the project? Present, Future, and Annual Worth Internal & External Rates of Return
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What Is a Project? For the planner (dreamer?): A vision, a dream or a hope A monument A way to solve a problem For the construction company: A specific task to be completed within a specific time A way to make money through construction For the owner: Potential benefits over the life of the project A way to make money through operation A monument For others: Potential improvement in opportunities, environment, etc Potential disruptions and degradation in environment
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