UNIT – IV: PURCHASING, CONTRACTING, NETWORK MODELS

Introduction – Purchase cycle – Contract Management – Procurement process – Development of Project Network – Time estimation, Determination of the critical path – PERT Model – Measures of variability – CPM Model – Network cost system

Objectives, essential of a project methodology – Market appraisal – Technical appraisal – Financial appraisal – Capital budgeting – Capital budgeting process – Techniques of project appraisal and their applications – NPV – IRR – Pay Back period – Make or buy decisions – Lease or buy decisions – Socio-economic appraisal – Management appraisal

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  R.Paneerselvam and P.Senthilkumar “Project Management” PHI Learning India Pvt Ltd.,
  
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  S.Choudharay “Project Management” TATA McGraw Hill Co.,