Course Title: Project Planning, Analysis and Management

Course Code: EnSc452 Class Year: Four

Course Credit; Cr.Hr/ECTS: 2(2+0)/3 Semester: II

Instructor/s Full Name: ________________________________________________________

Address: Building__________ Email:________ Telephone____________ Office no_______

Prerequisites (if any): Nil

Course Description

This course is primarily designed to introduce students with the basic concepts of agricultural
projects planning and management and to make them have an insight into how agricultural
project plan, analysis and make appropriate decision. The course acquaints students with basic
principles, approaches, techniques and activities in the project cycle. Starting from conceiving
the idea of a project to its screening, analysis and project appraisal, financing of the project and
project implementation and finally its evaluation is the part of the discussion in the course.
Furthermore, project planning and analysis as a learning task in this educational unit focuses on
investment appraisal and management by using different techniques.

Course Objectives

At the end of the course, students are expected to be able to:

 Understand the concept of agricultural projects, their features and their role towards national
development;

 Get an insight into project costs and benefits, project cycle and sources of idea about it;

 Understand the different aspects of project preparation and analysis identify different
approaches to cost-benefit analysis of agricultural projects; and

 Understand about different methods of selecting or appraising agricultural projects.

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COURSE OUTLINE

1. CONCEPTS OF PROJECT

1.1. The Project Concepts

1.2. What is Project?

1.3. The Linkage between Projects and Programs

1.4. The Importance of Project Planning

1.5. What is Project Analysis?

1.6. The Project Formats

1.6.1. Advantages of the project format

1.6.2. Limitations of the project format

2. ASPECTS OF PROJECT PREPARATION AND ANALYSIS

2.1. Technical Aspects

2.2. Commercial /Demand and Market/ Aspects

2.3. Institutional-Organizational-Managerial Aspects

2.4. Financial Aspects

2.5. Economic Aspects

2.6. Social Aspects

2.7. Environmental aspect analysis

3. PROJECT CYCLE MANAGEMENT

3.1. Project Life Cycle World Bank Approach

3.1.1. Identification

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3.1.2. Pre-feasibility study

3.1.3. Feasibility

3.1.4. Selection and project design

3.1.5. Implementation

3.1.6. Ex-post evaluation

3.2. Project Life Cycle –UNIDO Approach

3.2.1. Pre-investment Phase

3.2.2. Investment Phase Operation Phase

4. PROJECT COSTS AND BENEFITS

4.1. Objectives, Cost and Benefits

4.2. Costs and Benefits: in Financial and Economic Analysis

4.3. Categories of Costs and Benefits

4.3.1. Direct transfer payments

4.3.2. Costs of inputs

4.3.3. Contingency allowance

4.3.4. Sunk costs

4.3.5. Tangible benefits of projects

4.4. Externalities

4.4.1. Secondary costs and benefits

4.4.2. Intangible costs and benefits

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5. FINANCIAL ANALYSIS

5.1. Objectives of Financial Analysis

5.2. Market Analysis

5.3. Pricing Project Costs and Benefits

5.3.1. Finding market prices

5.3.2. Change in prices

5.3.3. Financial export and import parity price

5.4. Farm Investment Analysis

5.5. Computing Debt Service

5.5.1. Simple interest rate

5.5.2. Compound interest

6. ECONOMIC AND SOCIAL ANALYSIS

6.1. Purpose of Economic Analysis

6.2. Economic and social cost benefit analysis

6.2.1. Shadow pricing / efficiency pricing

6.2.2. Steps in efficiency pricing

6.3. Approaches of measuring Economic Cost and Benefit of a Project (UNIDO/LM)

6.4. Economic Export and Import Parity Price

6.5. Valuation of Non-traded Goods

6.6. Valuing Externalities

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7. EVALUATION AND APPRAISAL OF PROJECTS

7.1. With and without project comparison

7.2. Separable Components

7.3. Undiscounted Methods

7.4. Discounted Measure of Project Worth

REFERENCES

1. Behrens, W. and P.Hawrank. (1991). Manual for the preparation of industrial feasibility
studies. United Nations Industerial Development Organizations (UNIDO)

2. Chandra P. (1995). Projects: Planning, Analysis, selection, implementation and 4th edition.
Tata McGraw-Hill Publishing Company Limited, New Delhi.

3. Edwin Flippo and Gary Munsinger. (1970). Project Management, 3 rd edition Boston: Allyn
and Bacon.

4. Gittinger P. (1982). Economic Analysis of Agricultural Projects, 2nd edition, EDI Series in
Economic Development Institute of the World Bank, the Johnson Hopkins University Press,
USA.

5. Lumpy, Stephen. (1991). “Investment Appraisal and Financing Decisions”, fourth edition,
Chapman and Hall, London.

6. Potts D. (2002). Project planning and Analysis for development. Lynne Rienner publishers.

7. Kanshahu A.I., 1996. Planning and Implementing Sustainable Projects in Developing

Countries: theory, practice and economics. AgBe Publishing, Holland.

8. Square, L. and van der Tak, H.G., 1992. Economic Analysis of Projects. 7th edition, The
Johns Hopkins University Press, Baltimore and London.

9. Thirlwall, A. P., 2003, Economic Growth and Development: With Special Reference to
Developing Economies. 7th edition, Macmillan.

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10. Bellas, A. and Zerbe, R. O., 2000. A primer for Cost benefit Analysis. Harper Collins, NY.
National Curriculum of B.Sc. Degree in Environmental Sciences Program 222

11. Belli, P., 1996. Hand Book on Economic Analysis of Investment Projects. World Bank,
Operations Policy Department.

Mode of Delivery

 Lecture
 Group Discussion and Reflection

Assessment Methods

 Quiz or Test 10%

 Assignment 10%
 Mid Exam 30%
 Final Exam 50%