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Guidelines on Project Development and Evaluation

Author

Listed:
  • Glenn P. Jenkins

    (Department of Economics, Queens University, Kingston, Ontario, Canada, and Cambridge Resources International Inc.)

  • Saule Baurzhan

    (Cambridge Resources International Inc.)

Abstract

This document, prepared by Cambridge Resources International Inc. for the National Economic and Development Authority (NEDA) of the Philippines. It serves as a comprehensive guide for public officials and private analysts involved in project development and evaluation. It outlines a systematic framework for appraising investment projects with the aim of fostering economic and social well-being. The guidelines encompass the full project lifecycle, including identification, preparation, appraisal, implementation, and ex-post evaluation. Key components of the framework include financial, economic, and stakeholder analyses, supported by modules addressing demand, technical feasibility, environmental impact, and risk management. The document highlights the importance of rigorous cost-benefit analysis, incorporating considerations for uncertainty and non-market externalities. It also adapts evaluation techniques to address challenges unique to public sector projects, such as difficulties in quantifying social benefits. Designed to be both accessible and practical, the guidelines integrate real-world cases and detailed methodologies, equipping users to navigate the complexities of project planning and execution effectively. They emphasize sound decision-making to ensure investments align with national development goals and deliver sustainable benefits.

Suggested Citation

  • Glenn P. Jenkins & Saule Baurzhan, 2025. "Guidelines on Project Development and Evaluation," Development Discussion Papers 2021-12, JDI Executive Programs.
    • Handle: RePEc:qed:dpaper:4622
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    References listed on IDEAS

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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Cost-Benefit Analysis; Investment Appraisal; National Development Goals; Project Development; Public Sector Development; Pasig Expressway Project; Fishing Port Complex Project; Water Rehabilitation and Expansion Project;
    All these keywords.

    JEL classification:

    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
    • O22 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Project Analysis
    • H43 - Public Economics - - Publicly Provided Goods - - - Project Evaluation; Social Discount Rate
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development

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