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In the post economic liberalisation era, 'Project Management' is a subject that is assuming greater importance and is bound to be one of the dominant topics of discussion and study during the 21st century. This is as it should be, with the accelerated growth of industry in particular and economy in general in India. Project management is a critical tool for the success of ventures. Its importance enhances with the growth of business activities as well as projects. 'Project Management' is a unique subject that has assumed greater importance and is continued to be one of the dominant topics of discussion during the next millennium. This is as it should be, with the accelerated process of industrial development in India. This study on Project Management should be read by anyone interested in economic revitalization, rapid industrialization, growth and development of an area, and also by economic planners, big and small entrepreneurs, bankers, industrialists, members of chambers and industry and every concerned citizen, who is an entrepreneur at heart. Contents : 1. Introduction Part One: Projects 2. Search for a Business Idea 3. Concept of Projects 4. Project Identification 5. Project Formulation 6. Project Risks 7. Project Planning 8. Project Design and Network Analysis 9. Project Report 10. Project Appraisal 11. Location 12. Factory Design and Layout Part Two: Project Analysis 13. Project Analysis 14. Economic Analysis 15. Distribution Cost Analysis 16. Leverage Analysis Part Three: Financial Analysis 17. Financial Analysis 18. Funds Flow Analysis 19. Ratio Analysis 20. Investment Process 21. Break-Even Analysis 22. Profitability Analysis 23. Social Cost-Benefit Analysis 24. Sensitivity Analysis 25. Budgetary Control 26. Benchmarking Part Four: Project Finance 27. Source of Development Finance 28. Project Financing 29. Institutional Finance to Entrepreneurs 30. Working Capital Management 31. Incentives and Subsidies Part Five: Inputs Of Project Management 32. Project Management 33. Project Organisation 34. Community Participation in Projects 35. Working Capital Assessment 36. The SWOT Analysis 37. Risk Management Part Six: Monitoring and Control 38. The Essence of Control 39. Post-evaluation Approach 40. Project Benefit Monitoring and Evaluation