Concept:
Project appraisal and evaluation follow a systematic sequence to ensure proper planning, execution, and review.
Step 1: Identification (A)
• First stage of any project.
• Problems and opportunities are identified.
• Objectives are outlined.
Step 2: Evaluation (C)
• Preliminary analysis of feasibility.
• Technical, financial, and social viability is assessed.
Step 3: Appraisal (B)
• Detailed examination of project.
• Includes risk analysis, cost-benefit analysis.
Step 4: Monitoring (D)
• Continuous tracking after implementation.
• Ensures project stays on track.
Final Sequence:
\[
A \rightarrow C \rightarrow B \rightarrow D
\]
\[
\boxed{\text{Option (D)}}
\]