Project Evaluation
- Social Sciences
- 300 level
- 3 credit units
- 171 pages
- 15 units
This course introduces students to the principles and practices of project evaluation. It covers the project cycle, from initial conception to execution, emphasizing evaluation at each stage. Topics include engineering, demand/market, financial, and economic analyses. Students will learn to prepare project plans, evaluate project proposals, and analyze profitability ratios. The course aims to equip students with the skills to assess project viability and make informed investment decisions.
About this course
- Difficulty
- Intermediate
- Study hours
- 150 hours
- Maths
- Intermediate
- Content
- Theoretical, practical, case study
- Practical work
- Yes
- Assignments
- Tutor marked assessments
- Final examination
What you'll read
The real module and unit structure of ECO329, taken from the course material NOUN publishes.
One paragraph, so you can see how it reads
ECO329 · UNIT 1: MEANING OF PROJECT
This unit has treated the meaning of project, the characteristics, differences and it relation with programme. This is an introductory aspect to the study of project evaluation. Now that we have the basic foundation, we shall further our discussion with Project cycle as an introductory framework on project evaluation.
What you should be able to do
- Evaluate project proposals using various techniques
- Prepare project plans and financial statements
- Analyze market demand and supply
- Assess project risks and uncertainties
- Apply cost-benefit analysis
- Make informed investment decisions
What it prepares you for
- Project Manager
- Financial Analyst
- Investment Analyst
- Business Development Manager
- Management Consultant
- Construction
- Finance
- Healthcare
- Manufacturing
- Government
Where it gets hard
The units students slow down on, and what makes each one heavy.
- Module 3: Project Income and Evaluation
Unit 2: Projected Cash Flow Statements
Requires understanding of complex accounting principles and forecasting techniques to accurately project future financial performance.
- Module 4: Risk and Cost Analysis
Unit 3: Risk and Uncertainty
Involves understanding of various risk assessment methodologies and their application in real-world scenarios.
A suggested way through it
13 weeks, about 65 hours in total. Yours will differ.
- Week 1Module 1: Project
Unit 1: The Meaning of Project · 3 hours
Define project, its characteristics, and its relation to a program.. Differentiate between competitive and individual projects..
Unit 2: The Project Cycle · 2 hours
Explain the project cycle and its stages.. Identify sources of new project ideas..
- Week 2Module 1: Project
Unit 3: Project Evaluation – An Introductory Format · 3 hours
Describe the technical and engineering segment of project evaluation.. Evaluate the management segment of a project..
Unit 4: Factors Affecting the Location of Projects · 2 hours
Explain factors affecting the location of projects.. Discuss the importance of location in business..
- Week 3Module 1: Project
Unit 5: Capacity and Production Planning · 3 hours
Explain capacity and production planning.. Discuss strategies of capacity planning..
Unit 6: The Concept of Engineering Evaluation · 2 hours
Explain the concept of engineering evaluation..
- Week 4Module 2: Project Planning and Analysis
Unit 1: Manpower Planning and Evaluation · 3 hours
Explain manpower planning and evaluation.. Discuss the practical applications in industry..
Unit 2: Market Analysis · 2 hours
Define market analysis.. Explain different methods of market analysis..
- Week 5Module 2: Project Planning and Analysis
Unit 3: Supply Analysis · 3 hours
Explain what a supply analysis is.. Discuss supply analysis in relation to project evaluation..
Unit 4: Competition and Marketing Plans · 2 hours
Explain the meaning of competition.. Discuss marketing plans and how they are designed..
- Week 6Module 2: Project Planning and Analysis
Unit 5: Project Cost Analysis · 5 hours
Explain what project cost analysis is.. Discuss how the analysis can be prepared..
- Week 7Module 3: Project Income and Evaluation
Unit 1: Projected Income Statement · 5 hours
Explain the meaning of projected income statement.. Discuss its application in project evaluation.. Prepare a projected income statement..
- Week 8Module 3: Project Income and Evaluation
Unit 2: Projected Cash Flow Statements · 5 hours
Explain what a projected cash flow statement is.. Explain how it can be prepared.. Explain the usefulness..
- Week 9Module 3: Project Income and Evaluation
Unit 3: The Projected Balance Sheet · 5 hours
Explain the meaning of a projected balance sheet.. Explain the preparation of the projected balance sheet.. Prepare a projected balance sheet..
- Week 10Module 3: Project Income and Evaluation
Unit 4: Project Evaluation Criteria · 5 hours
Discuss project evaluation criteria.. Distinguish between the traditional criteria and the discounted cash flow relative to project evaluation..
- Week 11Module 3: Project Income and Evaluation
Unit 5: Introduction to Economic Analysis · 5 hours
Explain the meaning of an economic analysis.. Distinguish between an economic analysis and a financial analysis..
- Week 12Module 4: Risk and Cost Analysis
Unit 1: The Evaluation Methods · 3 hours
Explain the meaning of Evaluation. Analyse the purpose of evaluation and classify difference types of project evaluation..
Unit 2: Concept of Risk in an Organisation · 2 hours
Explain the potential risk to mankind.. Differentiate between speculative risk and operational risk..
- Week 13Module 4: Risk and Cost Analysis
Unit 3: Risk and Uncertainty · 3 hours
Explain the term uncertainty. Distinguish between risk and uncertainty. Differentiate between objective and subjective risks. Discuss the different attitudes to risk.
Unit 4: Assessment of Social Profitability · 2 hours
Explain impact of profitability and its usage in project analysis.. Identify the logistics behind private and social profitability.. Explain the policy analysis matrix..
Preparing for the exam
- Create a study schedule allocating specific time for each module
- Review all tutor-marked assignments (TMAs) and their feedback
- Practice financial statement analysis using real-world examples
- Focus on understanding the differences between financial and economic analysis
- Create concept maps linking project evaluation criteria and their applications
Questions students ask about this course
What is ECO329 about?
This course introduces students to the principles and practices of project evaluation. It covers the project cycle, from initial conception to execution, emphasizing evaluation at each stage. Topics include engineering, demand/market, financial, and economic analyses. Students will learn to prepare project plans, evaluate project proposals, and analyze profitability ratios. The course aims to equip students with the skills to assess project viability and make informed investment decisions.
How many units does ECO329 have?
ECO329, Project Evaluation, has 15 units across 3 modules, over 171 pages of course material. You can read it one unit at a time.
How many credit units is ECO329?
ECO329 carries 3 credit units, at 300 level in Social Sciences.
Is ECO329 hard?
ECO329 is rated intermediate level, with intermediate mathematical content. It is mostly theoretical, practical and case study work, and it has a practical component.
How long does ECO329 take to study?
About 150 hours of study, spread across its 15 units.
How is ECO329 assessed?
ECO329 is assessed by assignments, tutor marked assessments and final examination.
What can I do with ECO329?
Project Manager, Financial Analyst, Investment Analyst, Business Development Manager and Management Consultant.