... the project will carry out their own appraisal of the investment project in accordance with their individual objectives and evaluation of expected risks, costs and gains In investment project appraisal, ... necessary for an investment decision The commercial, technical, financial, economic, legal and regulatory and environmental prerequisites for an investment project should be defined and critically ... appraisal, the project performance is compared to each participant's criteria Investment project appraisal address the following key issues: • To understand the likely consequences of an investment...