APPRAISERS, ACTUARIES AND EVALUATORS

Appraisers, Actuaries and Evaluators

Appraisers, Actuaries and Evaluators

Introduction

When crucial financial estimates rely on judgment, companies can minimize their risk by turning to appraisers, actuaries, and evaluators, whether internal, external, or a combination.

Detail

What is an Appraiser

An appraiser is usually the starting point for financial analysis - but it is not standard procedure. Appraisers are flexible and general procedures to evaluate implications for costs and resource use. It should include not only the economic analysis, as well as other important information, such as the financial implications of project management activities and plans for monitoring and evaluation. No two assessments in this way. Scale of assessment will vary depending on the scale of the project and its complexity,

What is an Actuary

Actuarial analysis is, by its very nature, a financial science, where uncertainty is always a factor. Without uncertainty, there is no need actuary. Actuarial analysis, however, through rigorous, scientific methods and techniques. The main goal, like all science, is to provide the best possible understanding of the truth, despite these uncertainties.

Actuarial science is an applied science. Thus, the profession should be interested in communicating, both in the profession, and outside audiences with varied and sometimes conflicting interests. The purpose of this document is to provide a clear yet scientific terminology that will facilitate the communication. It addresses the need for clear and consistent terminology in this area, and offers two terms. (Babbel, D. 1995)

What is an Evaluator

Evaluators are key players in the company's financial management. They are well paid, and they like what they do in life. Actuary Some sample questions: "What is the risk that the 16-year-old in the Chicago area will be an accident in 1998, and what would be the average amount of dollars to repair the damage will be? -How many people aged 40 - ...