Fundamentals of Project Management, Third Edition

Project Evaluation

As the dictionary definition says, to evaluate a project is to attempt to determine whether the overall status of the work is acceptable, in terms of intended value to the client once the job is finished. Project evaluation appraises the progress and performance of a job compared to what was originally planned. That evaluation provides the basis for management decisions on how to proceed with the project. The evaluation must be credible in the eyes of everyone affected, or decisions based on it will not be considered valid. The primary tool for project evaluation is the project process review, which is usually conducted at major milestones throughout the life of the project.

e•val•u•ate: to determine or judge the value or ...