Project Appraisal and Evaluation
The most sophisticated methods of project appraisal and evaluation have been developed and applied in the transport sector. It should be noted that the terms 'appraisal' and 'evaluation' are often confused in relation to the assessment of projects. Appraisal refers to ex ante (before the event) assessment and evaluation refers to ex post (after the event) assessment.
Read more about this topic: Transport Economics
Famous quotes containing the words project, appraisal and/or evaluation:
“I wish to come to know you get to know you all
Let your belief in me and me in you stand tall
Just like a project of which no one tells
Or do ya still think that I’m somebody else?”
—John Ashbery (b. 1927)
“When one cannot appraise out of one’s own experience, the temptation to blunder is minimized, but even when one can, appraisal seems chiefly useful as appraisal of the appraiser.”
—Marianne Moore (1887–1972)
“Good critical writing is measured by the perception and evaluation of the subject; bad critical writing by the necessity of maintaining the professional standing of the critic.”
—Raymond Chandler (1888–1959)