6 Describe the various types of project performance evaluation techniques. List any FOUR benefits of performance measurement and evaluation.
Answer:-
Description of the 4 types of project performance evaluation techniques
(1) Project goals. Project goals are the baseline of determining the success of the project. Therefore, the formulation of the project goals is a direct factor of the success of the project constraints. Project goals include the achievement of targets, the binding targets, and other conditions to be met. Binding targets include the project scope, quality, profit or cost targets, time targets and the need to meet regulatory requirements; the achievement goals include the outcome and the impact of the planned social and economic, improving the institutional system and the macro planning, policy objectives of the project’s requirements.
(2) Profitability. Mainly refers to the income of the project implementation and the prediction of project income which is based on the situation actual construction of the project, that is, the economic benefits, the social and environmental benefits and the sustainability of project benefits.
(3) The implementation process. It includes progress, schedule, quality, performance contracts, project risk, communication management, third-party behavior and so on.
(4) The value of the project. Technical progress of the project includes studying the application of the new technologies and effects (project development and application of scientific and technological achievements and effects, and effects of the introduction of technical innovations, promote the use of new technologies and effects), the main effect of the implementation of the basic work management (technology intelligence and information effect, the implementation of standardized effect, the commencement of the effect of measurement), technical depth, and other effects (effects of rationalization proposals and technical improvements
Listing of any 4 benefits performance measurement and evaluation
Performance measurement and evaluation are powerful tools to improve management and decision making at all levels. Participatory approaches, in particular, can help to build capacity for ongoing improvement at local levels. The following chart maps some of the key benefits and how they can be used
Benefits of Performance Measurement and Evaluation
√ Policy and Program Planning and Development – Results may confirm policy and program direction, or identify gaps that need to be addressed.
√ Decision Making about Funding – Finding out what works well/not so well can be used to guide future funding decisions/priorities.
√ Clarifying Goals – At the outset, developing a “road map” clarifies goals, explains the “big picture” and ensures everyone shares a common focus.
√ Tracking Progress – Enables monitoring and, if required, permits adjustments to be made along the way.
√ Reporting Results – Promotes accountability and communicates what works well to facilitate improvement and ongoing development.
