Elements of Project Formulation:
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                     Project formulation is by itself an analytical management aid. It enables the entrepreneur to arrive at the most effective project decision . Project formulation exercise normally includes such aspects as follows;
- Feasibility analysis.
- Techno-economic analysis.
- Project design & Network analysis.
- Input analysis.
- Financial analysis.
- Social cost benefit analysis.
- Pre-investment appraisal.
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