GMS 450 Chapter Notes - Chapter 8: Financial Audit
23 Apr 2013
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Document Summary
Evaluate means to set value of or appraise. A project evaluation appraises the progress and performance relative to the project"s initial or revised plan. Appraises the project against the goals and objectives set for it during the selection process. Should not be limited simply to an after-the-fact analysis. Primary purpose of evaluation is to give feedback to senior management for control and decision purposes must be credible. The use of postproject evaluation to help the organization improve its project management skills on future project means that considerable attention must be given to managing the process of project management. Dimensions: efficiency in meeting the budget and schedule, customer impact/satisfaction. Meeting the formal technical and operational specifications of the project. Level of commercial success and market share. Improved yields or reduced throughput time: future potential. Establishing a presence in a new market, developing a new technology and such.
