Capital Budgeting Made Easy with Prasanna Chandra Projects 7th Edition PDF 120
Prasanna Chandra Projects 7th Edition PDF 120: A Comprehensive Guide to Capital Budgeting
Capital budgeting is the process of planning and evaluating long-term investments that require large outlays of funds. It is one of the most important decisions that managers face in any organization. Capital budgeting decisions have a significant impact on the future profitability, growth and competitiveness of a firm.
prasanna chandra projects 7th edition pdf 120
However, capital budgeting is not an easy task. It involves complex calculations, uncertain outcomes, multiple criteria and conflicting objectives. Moreover, capital budgeting decisions are influenced by various strategic, qualitative and organizational factors that go beyond the financial aspects.
How can managers make sound capital budgeting decisions in such a challenging environment? How can they improve their project appraisal and capital budgeting practices to create value for their stakeholders? How can they learn from the best practices in various areas related to projects?
These are some of the questions that Prasanna Chandra's book Projects 7th Edition PDF 120 aims to answer. This book is a comprehensive and up-to-date text that covers the entire gamut of capital budgeting. It discusses the key principles and techniques for evaluating capital expenditure proposals, as well as strategic, qualitative and organizational considerations impacting capital budgeting decisions. It also suggests ways of improving project appraisal and capital budgeting practices, and describes and evaluates business practices in various areas.
This book is an invaluable resource for anyone who wants to master the art and science of capital budgeting. Whether you are a student, a teacher, a practitioner or a researcher, you will find this book useful and insightful.
Overview of the Book
The book consists of seven parts with twenty-four chapters. Each chapter contains learning objectives, key concepts, numerical examples, solved problems, review questions, exercises and mini cases. The book also provides online solutions manual and power point slides for instructors and spreadsheets for students.
The following is a brief summary of the main topics and features of each part of the book:
Part I: Introduction
This part introduces the concept and scope of capital budgeting, and explains the objectives and functions of project management. It also discusses the phases and stages of project life cycle, and the role of project appraisal in project selection.
Part II: Project Cash Flows
This part deals with the estimation of project cash flows, which is the basis for project evaluation. It covers the concepts of incremental cash flows, working capital, depreciation, taxes, inflation and capital rationing. It also explains how to handle special situations such as replacement projects, mutually exclusive projects, contingent projects and multiple projects.
Part III: Project Analysis
This part focuses on the analysis of project cash flows using various criteria and techniques. It covers the concept of time value of money and discounting cash flows, and the criteria for project selection such as net present value, internal rate of return, profitability index, payback period, etc. It also discusses the risk analysis of projects using sensitivity analysis, scenario analysis, simulation, decision trees, etc.
Part IV: Strategic Analysis
This part examines the strategic, qualitative and organizational considerations that impact capital budgeting decisions. It covers the alignment of projects with corporate strategy and objectives, and the qualitative factors affecting project selection such as social responsibility, environmental impact, ethical issues, etc. It also covers the organizational factors affecting project implementation such as project organization, project team, project management, etc.
Part V: Advanced Topics
This part explores some advanced topics and methods for improving project appraisal and capital budgeting practices. It covers the use of real options analysis for valuing flexibility and uncertainty in projects, and the incorporation of value drivers and value-based management in project evaluation. It also covers the application of balanced scorecard and key performance indicators for project monitoring and control.
Part VI: Project Financing
This part discusses the role of financial markets and institutions in project financing, and the sources and types of project financing such as equity, debt, leasing, venture capital, etc. It also explains how to evaluate and manage different types of project financing such as leveraged buyouts, mergers and acquisitions, divestitures, etc.
Part VII: International Projects
This part deals with the evaluation and management of international projects, which involve additional challenges and complexities due to cross-border factors. It covers the exchange rate risk, political risk, cultural differences, tax issues, etc. that affect international projects. It also explains how to use various techniques such as adjusted present value, certainty equivalent approach, etc. for evaluating international projects.
How to Use the Book
This book is designed to cater to a wide range of readers with different backgrounds and objectives. Depending on your needs and preferences, you can use this book in different ways:
If you are a student who wants to learn the fundamentals of capital budgeting, you can follow the sequence of chapters as presented in the book. You can also supplement your learning by using the online spreadsheets that provide step-by-step calculations for various problems.
If you are a teacher who wants to teach a course on capital budgeting or related topics, you can use this book as a main or supplementary text. You can also customize your course by selecting the chapters and topics that suit your syllabus and pedagogy. You can also use the online solutions manual and power point slides that provide detailed solutions and explanations for various problems and cases.
If you are a practitioner who wants to apply capital budgeting concepts and techniques in your work or business, you can use this book as a reference or a guide. You can focus on the chapters and topics that are relevant to your specific situation or problem. You can also use the online spreadsheets that provide ready-made templates for various calculations.
If you are a researcher who wants to explore new ideas or developments in capital budgeting or related fields, you can use this book as a source or a stimulus. You can review the existing literature and practices that are summarized and evaluated in this book. You can also identify the gaps or limitations that need further research or improvement.
No matter how you use this book, you will find it comprehensive, up-to-date, rigorous and practical. You will also find it interesting, engaging and entertaining.
Conclusion and FAQs
the key principles and techniques for evaluating capital expenditure proposals, as well as strategic, qualitative and organizational considerations impacting capital budgeting decisions. It also suggests ways of improving project appraisal and capital budgeting practices, and describes and evaluates business practices in various areas related to projects.
This book is based on the extensive experience and expertise of the author, Dr. Prasanna Chandra, who is a renowned professor of finance and a consultant to many organizations. He has written several other books on finance and has received several awards and honors for his contributions to the field.
If you want to learn more about capital budgeting and how to apply it in your work or business, you should definitely read this book. You can download the PDF version of the book from the following link: [link to the book]
Here are some of the frequently asked questions and answers about the book:
Q: What is the difference between the 7th edition and the previous editions of the book?
A: The 7th edition of the book has been substantially revised and updated to reflect the latest developments and trends in capital budgeting. It has added fifteen new sections and four new mini cases. It has also enhanced the clarity and readability of the text and improved the presentation and layout of the book.
Q: Who is the target audience of the book?
A: The book is suitable for anyone who wants to learn or teach capital budgeting at any level. It can be used as a main or supplementary text for undergraduate, postgraduate or executive education courses on capital budgeting or related topics. It can also be used as a reference or a guide for practitioners or researchers who want to apply or explore capital budgeting concepts and techniques in their work or business.
Q: How can I access the online resources that accompany the book?
A: The online resources that accompany the book include solutions manual and power point slides for instructors and spreadsheets for students. You can access these resources by registering on the publisher's website using your email address and a password. You will need to provide proof of purchase of the book to access these resources.
Q: How can I contact the author of the book?
A: You can contact the author of the book by sending an email to [email address] or by visiting his website at [website address]. You can also follow him on social media platforms such as [social media links]. He welcomes your feedback, comments, questions and suggestions about the book.
Q: Where can I buy the book?
A: You can buy the book from any online or offline bookstore that sells academic books. You can also order the book directly from the publisher's website at [website address]. The price of the book is [price] plus shipping charges. 71b2f0854b