Project Evaluation in International Development

by Branden B. Johnson, Asst. Prof.; Dept. of Geography, Univ. of Pittsburgh, Pittsburgh, Pa.,

Serial Information: Issues in Engineering: Journal of Professional Activities, 1982, Vol. 108, Issue 2, Pg. 122-132

Document Type: Journal Paper


Project evaluation methods used by the World Bank and the United Nations Industrial Development Organization are compared with regard to measures of value, use of shadow prices, discount rates and opportunity costs of investment, and other issues of project evaluation. While there are some similarities, it appears that the choice of method will make a difference in which projects are found acceptable. The UNIDO approach seems to be more flexible but requires considerably more information.

Subject Headings: Project management | Industries | Business organizations | Value engineering | Pricing | Construction costs | Investments

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