Throughout the lecture
which taught by Sam Moorwood, I had learnt that how to apply those techniques
to appraise a project viability. I found out that the modern techniques of net
present value (NPV) and internal rate of return (IRR) is more practical and
accurate for appraising when we are comparing the payback period of average
annual rate of return. As this techniques will be involving the consideration
to the financial interest, a serious impact on the economic viability of
project could be occur. In the past of my study, I do study about this
techniques but never have the chance to apply it. This module had gave me the
chance to apply it in the assignment and I understand that the importance of
the NPV and IRR which if the project has positive NPV and IRR which mean that
the project is worth to be invest as it showing the confirmation of
profitability of the development and able to cover the capital and budget.
This will be new
knowledge for me as it assisting me in accessing the economic viability of
project. It could help me and I could apply this techniques and knowledge in
the future workplace. Besides that, it also help to enhance my cost management
skills which CIOB professional competencies framework is requiring.
Please feel free visit my padlet wall about proposal development of MATILDA STREET =D
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Please feel free visit my padlet wall about proposal development of MATILDA STREET =D
http://padlet.com/yeewen92/matildastreet