Project Evaluation Flashcards
What is project evaluation?
The process of assessing a project’s worth or merit by analyzing costs, benefits, and feasibility.
Why is evaluation important for stakeholders?
It helps identify areas for improvement and supports decision-making.
Name the key segments of project evaluation.
Technical and Engineering Segment, Management Segment, Demand and Market Segment, Financial Segment, Economic Segment.
What is the focus of the technical and engineering segment?
To evaluate the project’s technical soundness and its fit within the environment.
What does the management segment assess?
The organizational and managerial capacity to execute and sustain the project.
Why is the demand and market segment critical?
It evaluates the demand for goods and services and assesses market feasibility.
What does the financial segment analyze?
Start-up costs, financial plans, revenue projections, and overall profitability.
What is considered in the economic segment?
The macroeconomic benefits and costs of the project to society as a whole.
Why is stakeholder consultation important in evaluation?
It ensures that the evaluation approach matches stakeholder needs and project goals.
How does evaluation impact future decision-making?
Findings and recommendations guide planning and improve future projects.
Name one benefit of documenting evaluation findings.
They provide valuable insights for learning and improvement.
Why are highlights and lowlights important in evaluations?
They reveal strengths and weaknesses, guiding improvements and decision-making.
What is the significance of analyzing startup costs in the financial segment?
To ensure the project is financially viable from the outset.
How does market demand translate to project revenue?
High demand ensures steady revenue streams, justifying project feasibility.
Why is objectivity important in project evaluation?
To ensure accurate, unbiased assessments that lead to sound decisions.
