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The construction Project Formulation and Appraisal Studio in Semester 1 of Master's in Construction Engineering and Management aims to develop and understanding and analysis of various phase of the project life cycle. The appraisal of the selected project is done by carrying out a number of analyses like - context, Problem and option, Demand, Location and Financial. Some of the risk and stakeholder management strategies of the project have also been carried out, and a baseline parameters of the selected project. The study comprises the Project Formulation of "Tallest Temple" which is 451 ft high on 60 acres of land.