Heckroodt / Evaluation of investment Project life evaluation
Project life and investment life are also critical factors which should be carefully monitored. That is why feasibility studies are of vital importance. Figure 3 [Heckroodt:1997] shows the basis on which project life is determined for investment purposes, as indicated by the respondents that have taken part in the research. Figure 4 [Heckroodt:1997] gives an indication of the competent persons within investing organisations who are responsible for de- termining and evaluating project life in South Africa. Investment decision-making | 
