Development Appraisals

Question 1

What is the definition of a development?

Answer 1

Defined in the town and country planning act 199 as the carrying out of building, mining or other operations in on or over land or making any material change in the use of buildings or land

Question 2

What does the definition of sustainable development in the nppf now include?

Answer 2

The 17 UN sustainable development goals to 2030. Included are social progress, economic wellbeing and environmental protection

Question 3

What is a local development scheme

Answer 3

LDS set out timetable for the production of new or revised development plan documents

Question 4

Sensitivity analysis definition ?

Answer 4

Method of analysis where you use changes in variables to identify changes in an output which they affect

Question 5

What is the section of guidance for development property in the red book

Answer 5

IVS 410

Question 6

Why does profit on cost vary from project to project for a developer?

Answer 6

Depends on the risk involved in the project

Question 7

What are the three forms of sensitivity analysis?

Answer 7

Simple sensitivity

Scenario analysis eg phasing of development

Monte carlo simulation using probability theory using software such as crystal ball