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The book has been thoroughly updated with the latest developments in the project management and implementation activities. One important change has been made in the fifth edition by bringing the questions and guidance at the end of the respective chapter itself, instead of separate chapter of Students supplement in the previous editions, This will facilitate quick reference of the module test questions and answers thereof in the main chapter. I hope this book with the fifth edition will be very useful to the professional students of the Institute of Cost and Works accounts of India, Institute of Chartered Accounts of India, Institute of Company Secretaries of India, ICFAI University, IGNOU, MBA Institute, Engineering colleges, Universities, all other Institute including the premier institute like IIMS and IITS and like, where Project Management is included in the curriculum of their postgraduate studies. This book would be equally useful to the working managers, faculties of management institute and universities. Contents : Part I : Project Formation, Appraisal and Investment Decision-Making 1. Project-Concept, Meaning and Total Project Management Cycle-An Overview 2. Expenditure of Different Types and Project 3. Formulation of Project and Feasibility and Detailed Project Report 4. Classification of Projects and Project Formation 5. Appraisal and Evaluation of Projects 6. Environmental Appraisal and Clearance 7. Estimation of Cost of Project 8. Financing and Financial Closure of Project 9. Financing and Economic Analysis of Projects 10. Investment Decision and Approval of Project 11. Important Terminologies (Glossary of Projects) 12. Present Value Table Part II : Project Planning, Scheduling, Implementation and Control 13. Project Admission 14. Project Organization and human Resource Management 15. Engagement of Project Consultants 16. Project Implementation and Preparation of Technical Specifications 17. Contracts and Materials Management in Project 18. Project Implementation and Integrated Project Management 19. Project Monitoring and Control 20. Financial Management and Control in Project 21. Important Terminologies (Glossaries of Project) Part III : Project Completion and Evaluation 22. Completion of Projects and Managing Transition Period 23. Closure of Contracts 24. Completion Cost of Projects 25. Capitalization of Assets of Projects 26. Post Project Evaluation of Completion Audit Report 27. Capital Investment Practices in Foreign Countries 28. Important Terminologies (Glossary of Projects) Part IV : General 29. Government Projects 30. Social Projects 31. Import Substitution Project 32. Infrastructure Projects 33. Special Economic Zone Projects 34. Real Estate Sector Project 35. Incentive from State / Central Governments 36. Taxonomy in Projects 37. Strategic Management in Projects