Project Management: Theory and practice

Chapter 1 Project and Project Management
1.1 Concept of Project 1
1.1.1 Characteristics of Projects 3
1.1.2 Classification of Project 4
1.2 Concept of Project Management 4
1.2.2 Four element of project management 6
1.2.3 Project Management Triangle 6
1.3 The National Planning 7
1.3.1 Some Terminologies in Regards to Planning 7
1.3.2 Projects are the Cutting Edge of Development 10
1.3.3 Plan and Project 12
1.3.4 The Role of National Planning in Plan Formulation 13
1.3.5 Critical issues to determine a project 16
1.3.6 The role of national planning authority 18
1.3.7 Relevance of Project Planning in Developing Nations 19
Chapter 2 Project Planning
2.1 Concept of Problem Identification 22
2.1.1 Concept of Problem and Problem Tree 22
2.1.2 Concept of Objective and Objective Tree 26
2.2 Concept of Project Planning 28
2.3 Concept of Aspects of Project 34
2.3.1 Technical Analysis 34
2.3.2 Institutional-organizational-managerial aspect39
2.3.3 Social Aspect 40
2.3.4 Commercial Aspect 40
2.3.5 Financial Aspect 44
2.3.6 Economic Aspect 49
2.4 Project Cycle 51
2.4.1 Project Identification 52
2.4.2 Preparation of a Project 52
2.4.3 Analysis and Appraisal of the Project 53
2.4.4 Project Approval/Selection 54
2.4.5 Project Implementation 55
2.4.6 Project Operation 56
2.4.7 Project Evaluation 56
2.5 Proposal Writing 57
2.5.1 Precondition to be taken to select or writing a proposal 57
2.5.2 Types of Project 58
2.5.3 Project Selection Process 59
2.5.4 Basic Elements of Project Proposal 59
2.5.5 Proposal Submission 61
2.5.6 Linkage of project proposal with log frame matrix 61
2.5.7 Format of the Funding Proposal 62
2.5.8 Importance of Project Proposal 63
2.6 Report Writing 63
2.6.1 Basic Features of Report 64
2.6.2 Types of Report 64
2.6.3 Technique of Good Report Writing 66
2.6.4 Report Organization 67
Chapter 3 Project Appraisal
3.1 Concept of Project Appraisal 68
3.1.1 Identifying Project Costs and Benefits 69
3.1.2 Cash Flow Analysis 74
3.2 Concept of Discounting and Non Discounting Technique 76
3.2.1 Time value of Money 76
3.2.2 Discounting 77
3.2.3 Net Present Worth (NPW) or Net Present Value (NPV) 81
3.2.4 Cost-Benefit Analysis 83
3.2.5 Internal Rate of Return (IRR) 89
3.2.6 Non Discounting Technique 93
3.3 Concept of Social Analysis 97
3.3.1 Importance of SCBA 100
3.3.2 Difference between Financial and   Economic/Social Analysis 102
3.3.3 Objectives of Ffinancial and Social/Economic Analysis 104
3.4 Feasibility Analysis 105
3.5 Concept of Risk, Uncertainty and Sensitivity Analysis 106
3.5.1 Concept of Risk 107
3.5.2 Uncertainty 108
3.5.3 Sensitivity Analysis 110
3.6 Concept of Environmental Analysis 112
3.7 Financial Ratios 118
3.8 Cost Recovery 120
Chapter 4 Project Implementation 
4.1 Concept of Project Implementation 125
4.2 Network Analysis: PERT and CPM 127
4.2.1 Critical Path Method (CPM) 129
4.2.2 Program Evaluation and Review Technique (PERT) 132
4.3 Concept of Project Control 134
4.3.1 Organizations and Structure of Project 134
4.3.2 Organizing and Staffing the Project Office and Team 135
4.4 Project Management Information System (PMIS) 138
4.4.1 Basic Objective of a PMIS 139
4.4.2 PMIS Criteria: It must 139
4.4.3 Understanding Project Management and its Functions 140
Chapter 5 Monitoring and Evaluation
5.1 Concept of Monitoring 145
5.2 Concept of Evaluation 147
5.3 Distinctions between Monitoring and Evaluation 149
5.4 Concept of Logical Framework Approach 149
5.5 Project Monitoring and Evaluation System in Nepal 153
5.5.1 Monitoring and Evaluation Bases 154
5.6 Project Evaluation Methods Adopted by UN System Selected International Institutions: UNIDO, OECD and World Bank 154
Chapter 6 Development 157
6.1 Concept of Development 157
6.2 Poverty 162