A Novel Methodology for Project Assessment and Evaluation
ABSTRACT
Technical and managerial viewpoints are important elements in the assessment and evaluation of project success. Project success can be measured by the level of achieving project objectives. A by-product of this process will lead to providing an independent and, unbiased opinion on the gains and losses attributed to the project. This may be interpreted as a way of performing a rough benefit/cost analysis. The process is done through addressing key issues that will lead to an action plan which serves in optimizing the sustainable benefits of the project and mitigate the negative aspects, or failures, of the project. The assessment and evaluation process must focus on providing the management and stakeholders involved in any project with solutions and directions that will serve in project success to achieve its objectives. The proposed methodology was used in the final evaluation of an energy efficiency program in a developing country. The overall objective achievement for the project reached about 80%, which is a good result. Moreover, the overall calculated B/C ratio for the project is 1.31, which indicates the wellbeing of that project.
Technical and managerial viewpoints are important elements in the assessment and evaluation of project success. Project success can be measured by the level of achieving project objectives. A by-product of this process will lead to providing an independent and, unbiased opinion on the gains and losses attributed to the project. This may be interpreted as a way of performing a rough benefit/cost analysis. The process is done through addressing key issues that will lead to an action plan which serves in optimizing the sustainable benefits of the project and mitigate the negative aspects, or failures, of the project. The assessment and evaluation process must focus on providing the management and stakeholders involved in any project with solutions and directions that will serve in project success to achieve its objectives. The proposed methodology was used in the final evaluation of an energy efficiency program in a developing country. The overall objective achievement for the project reached about 80%, which is a good result. Moreover, the overall calculated B/C ratio for the project is 1.31, which indicates the wellbeing of that project.
Cite this paper
nullF. Elkarmi, N. Shikhah, Z. Alomari and F. Alkhatib, "A Novel Methodology for Project Assessment and Evaluation," Journal of Service Science and Management, Vol. 4 No. 3, 2011, pp. 261-267. doi: 10.4236/jssm.2011.43031.
nullF. Elkarmi, N. Shikhah, Z. Alomari and F. Alkhatib, "A Novel Methodology for Project Assessment and Evaluation," Journal of Service Science and Management, Vol. 4 No. 3, 2011, pp. 261-267. doi: 10.4236/jssm.2011.43031.
References
[1] N. Doyle, “Project Monitoring and Evaluation Booklet,” VSO Indonesia, SPARK Livelihoods Programme. [2] P. H. Rossi, M. W. Lipsey and H. E. Freeman, “Evaluation: A Systematic Approach,” 7th Edition, Sage Publication, Inc., Thousand Oaks, 2004. [3] K. A. Small, “Project Evaluation,” Working Paper, University of California Transportaion Centre (UCTC), No. 379, October 1998. [4] J. C. McDavid and L. R. Hawthorn, “Program Evaluation and Performance Measurement: An Introduction to Practice,” Sage Publication, Inc., Thousand Oaks, 2006. [5] J. R. Meredith and S. J. Mantel Jr., “Project Management: A Managerial Approach,” 4th Edition, McGraw-Hill, Boston, 2006. [6] C. F. Gray and E. W. Larson, “Project Management: The Management Process,” 3rd Edition, McGraw-Hill, London, 2004. [7] C. F. Gray and E. W. Larson, “Project Management: The Complete Guide for Every Managers,” McGraw-Hill, London, 2007. [8] H. Kerzner, “Project Management: A Systems Approach to Planning, Scheduling, and Controlling,” 9th Edition, John Wiley & Sons, Hoboken, 2006. [9] L. T. Blank and A. J. Tarquin, “Engineering Economy,” 6th Edition, McGraw-Hill, Boston, 2005.
[1] N. Doyle, “Project Monitoring and Evaluation Booklet,” VSO Indonesia, SPARK Livelihoods Programme. [2] P. H. Rossi, M. W. Lipsey and H. E. Freeman, “Evaluation: A Systematic Approach,” 7th Edition, Sage Publication, Inc., Thousand Oaks, 2004. [3] K. A. Small, “Project Evaluation,” Working Paper, University of California Transportaion Centre (UCTC), No. 379, October 1998. [4] J. C. McDavid and L. R. Hawthorn, “Program Evaluation and Performance Measurement: An Introduction to Practice,” Sage Publication, Inc., Thousand Oaks, 2006. [5] J. R. Meredith and S. J. Mantel Jr., “Project Management: A Managerial Approach,” 4th Edition, McGraw-Hill, Boston, 2006. [6] C. F. Gray and E. W. Larson, “Project Management: The Management Process,” 3rd Edition, McGraw-Hill, London, 2004. [7] C. F. Gray and E. W. Larson, “Project Management: The Complete Guide for Every Managers,” McGraw-Hill, London, 2007. [8] H. Kerzner, “Project Management: A Systems Approach to Planning, Scheduling, and Controlling,” 9th Edition, John Wiley & Sons, Hoboken, 2006. [9] L. T. Blank and A. J. Tarquin, “Engineering Economy,” 6th Edition, McGraw-Hill, Boston, 2005.