What Are The Aspects Of Project Analysis In Technical And Social Term?

The analysis is undertaken to establish technical viability of a development projects and also includes choice of an appropriate technology. This is undertaken on the basis of
Technical data and information regarding the location, supply of raw materials, process to be used, market demand, infrastructure, supply of managerial, technical and other types of manpower, building size, design, scope for future expansion of the plant, building and capacity etc. in addition to considering earlier experience of carrying out similar projects and even the experience of other countries of executing similar projects.

The technical tests& yardsticks to be used to determine the technical viability will differ from one project to another in different sectors such as power plant, road building, water supply and sewerage, hospital school building, category wise requirement of managerial and technical manpower& their specified skills.A pilot project may be launched as an initial step to determine the degree of success or failure before launching a bigger project of that type.

Foreign consultant may be employed to prepare the feasibility studies in areas where sophisticated technology is involved or previous experience is lacking.As far as social analysis it has now become conventional to treat efficiency pricing as the subject of economic analysis in contrast to social analysis which requires extending the analytical framework to incorporated distributional judgements, such as is consumption optimally and is it optimally distrusted between generations.For this purpose in view, distributional weights are attached to the stream of cost and benefit calculated at efficiency prices.