This book covers all methods of project appraisal, risk analysis and risk management for all stakeholders, namely project owners/equity holders, banks/lenders, the economy and government budget. It contains NPV, IRR, BC Ratio, Payback Period and Cost-Effectiveness methods; scale analysis to select optimum size of a project; optimum time to invest in a project and to liquidate a project; effects of inflation on projects; sensitivity analysis to identify risk variables; scenario analysis to set upper and lower bound viability of a project; quantification of risks by use of Monte Carlo simulation; risk management methods; and risk sharing in PPP projects along with simple case exercises. The project appraisal techniques given in this book are used and accepted by national and international agencies such as the World Bank, Asian Development Bank, etc. and are being taught in leading universities around the world. This book is unique as it contains all methods as well as the information needed by project analysts for undertaking project appraisals. This book will be very useful for students pursuing Master of Business Administration (MBA), Master in Public Administration (MPA), Master in Public Policy (MPP), Industrial Engineering as well as programmes in engineering economics, project investment appraisal and risk management. It will serve as a handbook for professionals in the field of project appraisal and for those who are involved in taking investment decisions and in the analysis of public policy issues.