(NPVs) ASSESS period, adjusted for inflation, UNCERTAINTIES optimism bias and (where relevant) displacement and tax differences. Green Book chapter 5 and Calculate NPV (or NPC) for each option, using correct discount rate. Annex 6 Include spreadsheets detailing the calculations, including disaggregation of cost/benefit items. Show, for each year, the discount factors used, the total NPV for the year, and the cumulative NPV to that year. Identify the price basis and base year for discounting. Test and interpret the sensitivity of the NPVs (or NPCs) to changes in important assumptions, and explain choice of variations covered. Interpret the results e.g. estimate the probability of various possible outcomes and implications for option ranking. Provide sufficient detail to enable checking of calculations. 9. ASSESS NI Practical Guide sections Financing: Include budget, cash ARRANGEMENTS FOR 2.9, 10 & 11 flow and funding statements, FINANCING, phased over time. MANAGEMENT, Management: Give details of PROCUREMENT, Green Book chapters 6 & 7 proposed personnel, procurement MARKETING, method, timetable, benefits MONITORING EX realisation plan, accommodation POST EVALUATION needs, staffing issues etc. Provide market Marketing: assessment and marketing plan as appropriate Monitoring: Indicate how the proposed option will be monitored during and after implementation. Evaluation: Record levels of resource use and service provision. Indicate factors to be evaluated, when, how and by whom. Where funding the non-Govt sector is „ in view:- Assess Viability i.e. examine cash flows, management & financial arrangements to ensure that NI Practical Guide section 4.5 funding is not wasted on proposals that will fail prematurely. 10. ASSESS THE Write up the steps of the appraisal NI Practical Guide section BALANCE BETWEEN in the order shown here. 2.10 THE OPTIONS Give details of assumptions and PRESENT THE calculations, using appropriate Green Book chapter 6 RESULTS & appendices.
(NPVs) ASSESS UNCERTAINTIES period, adjusted for inflation, optimism bias and (where relevant) displacement and tax differences. Calculate NPV (or NPC) for each option, using correct discount rate. Include spreadsheets detailing the calculations, including disaggregation of cost/benefit items. Show, for each year, the discount factors used, the total NPV for the year, and the cumulative NPV to that year. Identify the price basis and base year for discounting. Test and interpret the sensitivity of the NPVs (or NPCs) to changes in important assumptions, and explain choice of variations covered. Interpret the results e.g. estimate the probability of various possible outcomes and implications for option ranking. Provide sufficient detail to enable checking of calculations. Green Book chapter 5 and Annex 6 9. ASSESS ARRANGEMENTS FOR FINANCING, MANAGEMENT, PROCUREMENT, MARKETING, MONITORING EX POST EVALUATION Financing: Include budget, cash flow and funding statements, phased over time. Management: Give details of proposed personnel, procurement method, timetable, benefits realisation plan, accommodation needs, staffing issues etc. Marketing: Provide market assessment and marketing plan as appropriate Monitoring: Indicate how the proposed option will be monitored during and after implementation. Evaluation: Record levels of resource use and service provision. Indicate factors to be evaluated, when, how and by whom. „ Where funding the non-Govt sector is in view:- Assess Viability i.e. examine cash flows, management & financial arrangements to ensure that funding is not wasted on proposals that will fail prematurely. NI Practical Guide sections 2.9, 10 & 11 Green Book chapters 6 & 7 NI Practical Guide section 4.5 10. ASSESS THE BALANCE BETWEEN THE OPTIONS PRESENT THE RESULTS & Write up the steps of the appraisal in the order shown here. Give details of assumptions and calculations, using appropriate appendices. NI Practical Guide section 2.10 Green Book chapter 6
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