Question

Advantages and disadvantages of project appraisal​

Answer 1

The many benefits of performance appraisals include:

Learning about areas of your business that could be improved.

Identifying areas for further training.

Improving performance and profitability.

Increased job satisfaction and motivation.

Better morale and teamwork.

Surface – and resolve – any grievances

Answer 2

Answer:

Project appraisal is an important activity to evaluate the key factor of the project to check the viability of a project proposal. We can use various Appraisal methods and tools to accept or reject the project.

For example, economic or financial appraisal analysis, Excel Templates and other decision techniques.