Project Evaluation Should Only Appraise the Progress and Performance of a Project

question 79

True/False

Project evaluation should only appraise the progress and performance of a project relative to the project's initial plan and not relative to a revised plan.

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Definitions:

Inflation

The rate at which the general level of prices for goods and services is rising, eroding purchasing power.

Bond

A fixed income instrument representing a loan made by an investor to a borrower, typically corporate or governmental.

Net Return

The profit or loss from an investment after all expenses are subtracted from the total income or revenue.

Construction Costs

Expenses incurred in the building of structures, infrastructure, or other forms of real estate projects.