Project evaluation: what it is and why it is important
Posted: Sun Dec 15, 2024 6:03 am
Imagine spending hours and hours in front of your computer fine-tuning your project to the smallest detail. But you're not just spending time, you're also investing your income in this new idea. However, when you finish planning, you decide not to include project evaluation in your schedule.
It seems like a mere bureaucratic thing to you. Because it doesn't make sense to be carrying out checks all the time. Or does it?
According to the CB Insights study, 70% of plans do not go beyond the first stage, which is the investment project.
Why does this happen? There are many causes that cambodia telegram data can lead to this situation. But we will look at them a little later. Although we can tell you in advance that many of these problems can be solved with a correct and exhaustive project evaluation .
What is project evaluation?
Project evaluation is a management tool within the planning process . This process has a predetermined duration established within the general framework of the program.
Its objective is to systematically and objectively evaluate progress throughout the different phases of a project . It applies to both ongoing and completed activities and processes .
Furthermore, the formulation and evaluation of projects is limited. That is, it is applied only to certain areas, using certain tools.
It is carried out based on certain objectives that seek specific information about the project.
Why is project evaluation so important?
Project evaluation is a key process in the planning of any program.
The image shows a group of people with graphs on a table, carrying out a project evaluation.
Project evaluation helps you find problems in the execution of your planning.
It provides accurate and objective information on the performance of the planning. The central focus is on the management of errors and opportunities. These monitoring and controls implemented allow you to compare the situation at different times in the project. In addition, they warn you of deviations or unforeseen events that have arisen along the way.
In fact, with this information, you can correct what is going wrong before it is too late. Or take advantage of opportunities that you had not initially considered. Change and unforeseen events are a reality of any project. Knowing how to identify them and adapt to them is the objective of any project evaluation .
Another advantage is that foundations interested in investing look favorably on your project including a robust evaluation plan in its programs. This is indicative that your organization takes its goals and plans seriously.
It seems like a mere bureaucratic thing to you. Because it doesn't make sense to be carrying out checks all the time. Or does it?
According to the CB Insights study, 70% of plans do not go beyond the first stage, which is the investment project.
Why does this happen? There are many causes that cambodia telegram data can lead to this situation. But we will look at them a little later. Although we can tell you in advance that many of these problems can be solved with a correct and exhaustive project evaluation .
What is project evaluation?
Project evaluation is a management tool within the planning process . This process has a predetermined duration established within the general framework of the program.
Its objective is to systematically and objectively evaluate progress throughout the different phases of a project . It applies to both ongoing and completed activities and processes .
Furthermore, the formulation and evaluation of projects is limited. That is, it is applied only to certain areas, using certain tools.
It is carried out based on certain objectives that seek specific information about the project.
Why is project evaluation so important?
Project evaluation is a key process in the planning of any program.
The image shows a group of people with graphs on a table, carrying out a project evaluation.
Project evaluation helps you find problems in the execution of your planning.
It provides accurate and objective information on the performance of the planning. The central focus is on the management of errors and opportunities. These monitoring and controls implemented allow you to compare the situation at different times in the project. In addition, they warn you of deviations or unforeseen events that have arisen along the way.
In fact, with this information, you can correct what is going wrong before it is too late. Or take advantage of opportunities that you had not initially considered. Change and unforeseen events are a reality of any project. Knowing how to identify them and adapt to them is the objective of any project evaluation .
Another advantage is that foundations interested in investing look favorably on your project including a robust evaluation plan in its programs. This is indicative that your organization takes its goals and plans seriously.