Course title
H04658003
Public Project Evaluation Method

 IWAKURA Seiji
Course description
Project evaluation based on an objective method has been introduced as a measure to ensure efficiency and transparency of public investment. In this course, students will learn about the total picture of the project evaluation where diverse effects are comprehensively evaluated. They will also get to know the idea of cost-benefit analysis for evaluating the monetary valuable effects and methods for measuring benefits and costs. This includes particularly monetary evaluation methods of environmental quality which cannot be valued through markets. This course also nurture the capacity of conducting appropriate evaluation in actual evaluation practices with correct understanding of the total system, constituting elements and interrelations among elements through the lecture and practice of project evaluation manuals in use. Further, students will acquire more practical ability through learning actual cases of overseas projects and their evaluation systems.
Purpose of class
Students will learn about the total picture of the project evaluation where diverse effects are comprehensively evaluated. They will also get to know the idea of cost-benefit analysis for evaluating the monetary valuable effects and methods for measuring benefits and costs. This includes particularly manetary evaluation methods of environmental quality which cannot be valued through markets. This course also nurture the capacity of conducting appropriate evaluation in actual evaluation practices with correct understanding of the total system, constituting elements and interrelations among elements through the lecture and practice of project evaluation manuals in use. Further, students will acquire more practical ability through learning actual cases of overseas projects and their evaluation systems.
Goals and objectives
  1. To be able to understand the importance of project evaluation and its location in a wider context such as economic activities.
  2. To be able to understand the total picture of project evaluation by understanding the elements constituting project evaluation and interrelations among elements.
  3. To be able to conduct cost-benefit analysis besed on the knowledge of how to exactly calculate values of various benefits in practice.
  4. To be able to understand and apply the comprehensive evaluation of monetary valuable effects and non-monetary valuable effects.
  5. To be able to conduct a practical analysis based on correct understanding of the total system, constituting elements and interrelations among elements in project evaluation.
Language
Japanese
Class schedule

 Class schedule HW assignments (Including preparation and review of the class.) Amount of Time Required
1. Guidance
・What is project evaluation
・Structure of the course and score marking system 		To attend this guidance after reading well this syllabus and understanding the course description, purpose of class, goals and objectives, class schedule and evaluation methods in order to be able to judge whether to take this course or not. 30minutes
2. Basic economics concepts used in the project evaluation To check the resume of this class delivered through the sharefolder and to review the corresponding parts of the reference book. 60minutes
3. Background of project evaluation
Origin and development of project evaluation 		To prepare for the class by checking the resume and reference materials of this class delivered through the sharefolder. 60minutes
4. Diverse effects of public projects
Economic and financial evaluations in the comprehensive evaluation system
Basic concepts of economic evaluation 		To prepare for the class by checking the resume and reference materials of this class delivered through the sharefolder. 60minutes
5. Project implementation and evaluation systems in an international development assistance organization To prepare for the class by checking the resume and reference materials of this class delivered through the sharefolder. 60minutes
6. Economic evaluation of railway projects
Basic concepts of financial evaluation 		To prepare for the class by checking the resume and reference materials of this class delivered through the sharefolder. 60minutes
7. Mid-term examination
Practice of railway project economic evaluation (example) 		To well prepare for the mid-term examination by reviewing the contents of classes 1 through 6. 420minutes
To well review the method of economic evaluation and prepare for the evaluation practice up to the level of being able to understand the meaning of the excel worksheet. 60minutes
8. Practice of railway project economic evaluation (to be graded)
Practice of railway project financial evaluation (example) 		To well review the practice in the previous class and prepare for doing the practice without help. 160minutes
To well review the method of financial evaluation and prepare for the evaluation practice up to the level of being able to understand the meaning of the excel worksheet. 60minutes
9. Cases of overseas railway projects To prepare for the class by checking the resume and reference materials of this class delivered through the sharefolder. 60minutes
10. Cases of overseas highway projects To prepare for the class by checking the resume and reference materials of this class delivered through the sharefolder. 60minutes
120minutes
11. Methods for valuing diverse benefits To prepare for the class by checking the resume and reference materials of this class delivered through the sharefolder. 60minutes
12. Economic evaluation of park projects To prepare for the class by checking the resume and reference materials of this class delivered through the sharefolder. 60minutes
13. Overview of lectures and supplements
Issues in project evaluation methods 		To prepare for the class by checking the resume and reference materials of this class delivered through the sharefolder. 60minutes
14. Final examination To well review the contents of all classes. 60minutes
Total. - - 1510minutes
Relationship between 'Goals and Objectives' and 'Course Outcomes'

 reports Mid-term exam Final exam Total.
1. 5% 10% 15% 30%
2. 5% 10% 15% 30%
3. 15% 15%
4. 15% 15%
5. 10% 10%
Total. 10% 20% 70% -
Evaluation method and criteria
Reports (30%), Final exam (70%)
Total score 60% or more is "Pass"
Textbooks and reference materials
Some of reference materials: Railway projects evaluation method manual (in Japanese)
Cost-benefit analysis manual (for road projects) (in Japanese)
Necessary materials will be delivered as handouts or through the sharefolder.
Prerequisites
Desirable: Basic economics and Transportation systems planning

It is recommended that basic microeconomics concepts dealt with in the second class shall be well reviewed
Office hours and How to contact professors for questions
  • No particular office hours
    Inquiries by mail are acceptable.
Regionally-oriented
Non-regionally-oriented course
Development of social and professional independence
  • Course that cultivates an ability for utilizing knowledge
Active-learning course
N/A
Course by professor with work experience
Work experience Work experience and relevance to the course content if applicable
Applicable Cost benefit evaluation committee member in the Ministry of Land, Infrastructure, Transport and Tourism (former Ministry of Transportation)
Education related SDGs:the Sustainable Development Goals
  • 9.INDUSTRY, INNOVATION AND INFRASTRUCTURE
  • 10.REDUCED INEQUALITIES
  • 12.RESPONSIBLE CONSUMPTION & PRODUCTION
  • 16.PEACE, JUSTICE AND STRONG INSTITUTIONS
Last modified : Fri Mar 18 23:27:55 JST 2022