TOPIC 5. PROJECT APPRAISAL AND SOCIAL COST BENEFIT ANALYSIS. 1. Introduction. How should public expenditure programs be appraised? Formal economic analyses (based on net present values) tend to be inadequate
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PROJECT APPRAISAL AND SOCIAL COST BENEFIT ANALYSIS
2. Economic appraisal three components: financial, economic, and social appraisal adjusts costs and benefits to take account of costs and benefits to the economy at large, including the indirect effects of the project that are not captured by the price mechanism.
3. three components: financial, economic, and social appraisalSocial appraisal examines the distributional consequences of project choices, both intertemporal concerns (i.e. effects over a period of time, today versus the future);
3. Cost components: Detail the component costs
5. Sensitivity analysis
6. Efficiency measurement time later.
appraisal, is the responsibility of the
social development adviser
3. A discussion of the intended poverty reduction outcomes of the project, including identification of which groups among the poor and excluded will benefit and how;
4. An assessment of the extent to which the project strengthens the framework for supporting human rights (gender equality) and people’s capacity to realize those rights;
5. A description of how project outcomes could influence wider social development policies.