Why do we need to conduct project appraisal and selection?

  • A. The companies have rich resources to invest, so that better to invest on the best projects
  • B. Project appraisal or evaluation is to make assessment on whether the project is feasible or not, in order to decide on investment
  • C. There are limited number of projects are submitted to get fund
  • D. This is a part of project control

Answer: Option B