Project

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Preface ..................................................................................................................................3 Scope and Methodology .......................................................................................................3 Revised Edition .....................................................................................................................4 Using This Book ...................................................................................................................5 Organization of Chapters ......................................................................................................5 ..............................................................................................................................................5 Computations ........................................................................................................................5 Units of Measurement and Currency ....................................................................................6 Notation ................................................................................................................................6 Technical Terms ...................................................................................................................7 ..............................................................................................................................................7 Supporting Materials .............................................................................................................7 1. Projects, The Cutting Edge of Development ....................................................................9 What Is a Project? .................................................................................................................9 Plans and Projects .................................................................................................................11 Advantages of the Project Format ........................................................................................12 Limitations of the Project Format .........................................................................................13 Aspects of Project Preparation and Analysis ........................................................................15 The Project Cycle ..................................................................................................................22 Accuracy of Agricultural Project Analyses ..........................................................................27 Why Agricultural Project Analyses Prove Wrong ................................................................29 Steps in Project Analysis ......................................................................................................36 2. Identifying Project Costs and Benefits .............................................................................38 Objectives, Costs, and Benefits ............................................................................................38 "With" and "Without" Comparisons .....................................................................................41 Direct Transfer Payments .....................................................................................................42 Costs of Agricultural Projects ...............................................................................................44 Tangible Benefits of Agricultural Projects ...........................................................................47 Secondary Costs and Benefits ...............................................................................................50 Intangible Costs and Benefits ...............................................................................................52 3. Pricing Project Costs and Benefits ....................................................................................53...
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