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Concepts of Project, Aspects of Project Formulation, Appraisal & Model Bankable Projects

Duration — Project / Routine Operation?
Project: Finite — has start & end; Routine Operation: On-going / perpetual
Output — Project / Routine Operation?
Project: Unique deliverable; Routine Operation: Repetitive output
Resources — Project / Routine Operation?
Project: One-time pooled; Routine Operation: Standing arrangement
Risk — Project / Routine Operation?
Project: High (innovation premium); Routine Operation: Low (BAU)
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