Guidelines on Project Development and Evaluation

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.