What Is The Importance Of Project Evaluation?
Project evaluation can be thus be defined as an objective and systematic analysis of individual projects to determine their relative profitability, operational working and their performance and monitoring of the ultimate results. The objective of project evaluation is of course the judicious, efficient and optimal use of scarce resources, avoidance of wastages and ensuring their on schedule completion. In order to achieve maximum results, projects must be well conceived, meticulously planned, carefully implemented leading to their successful fruition. In majority of the underdeveloped countries proper attention is not paid to preparation and appraisal of projects and those in position of authority take the instantaneous improvisation of projects and their thoughtless operation and implementation. This is entirely due to their non serious attitude; perhaps their capacity to prepare and analyze projects is also deficient. Thus it is neglect coupled with the lack of necessary skills which
