Relationship between financial and economic evaluations for different types of project

摘要: Appraisal can be undertaken from different perspectives, depending on the objectives of commissioning body. The key choices are: Business case - requires a commercial perspective; and, for Government usually considers both social perspective, and fiscal perspective. A or financial appraisal focuses gains losses to one organization, typically firm an agency government. Social is broadest, used show how (narrower) appraisals business, government citizens aggregate up level. perspective project's impacts expenditure receipts. It thought as Government. items in are money flows to, organization concerned. In contrast cost-benefit analysis, external costs benefits omitted. principle 'comprehensiveness' does not apply; it replaced by focus matters which concern itself, wider world.