Question

Describe several project evaluation criteria.

Answer 1

Project evaluation criteria are different for different organisations and also may differ according to the people who defined them. It is their choice of reviewing the project and hence it is their viewpoint. below is a generalised description of five basic project evaluation criteria, however, that must be satisfied.
1.Relevance:It talks about how much consistent the objectives of the project are with the requirement specifications of the clients or their partners.
2.Efficiency: It is a vital criterion one project should pass with. It is defined in terms of what outputs are obtained from what inputs and how efficiently it is done. The maximisation and optimization of the resources/inputs like time,costs,expertise is the key here.
3.Effectiveness:It is a measure of the extent upto which the project development objectives were achieved or can be achieved subject with their relative importance.
4.Impacts: Various impacts of the projects like social,economical,technological and apart from all this also the long term effects which may be positive or negative, intended or unintended produced during the project development.
5.Sustainability: It is something like the long lasting nature of project and it may be defined as the probabiity of long term benefits that can be achieved from the project even after the completion of the development phase.