Ways to Evaluate Project Outcomes

SPM3: Strategic project management assignment 3
SPM3.0 AC 4.01
Analyse ways in which the outcomes of a project are evaluated to measure
project performance
Introduction:
Project outcomes are the final results that are delivered at the end of a project. The
success or failure of a project are determined based on the outcomes delivered.
Paragraph 1: Why do we evaluate the outcomes of a project?
We evaluate the outcomes of a project in order to determine whether all the specific
targets have been delivered or met. In other words, considering the project as a
success or failure depends on the evaluation of the outcome delivered in the project.
In addition, the evaluation is also undertaken to analyse the impact and implications
of the project on the organisation and it also provides a chance to identify mistakes
that occurred during the project such that they are not repeated in future projects.
Paragraph 2: How can we evaluate the outcomes of a project?
There is a systematic process of evaluating the project outcomes that is performed
by the project manager. The evaluation process involves analysis of the project
report document that is recording during the entire project. Furthermore, feedbacks
are gathered from the project team and the performance report is measured against
the criteria that are agreed at the start of the project. Finally, the outcomes are
jointly reviewed by all the stakeholders before closing the project.
Conclusion:
Evaluation of project outcomes is important in order to ensure that the project has
been successful or failure based on the criteria set at the beginning.
SPM3.1 AC 4.02
Analyse ways in which to measure project performance against agreed
criteria
SPM3 planning sheet Page 1 of 5

Introduction:
Analysing the performance of a project is important for determining the success of
the outcomes delivered in the project.
Paragraph 1: What is important about criteria when measuring performance?
When measuring the performance of a project, it is checked if the agreed criteria are
met. The agreed criteria are set during planning using SMART technique. The
importance of using this technique is that once the criteria are set, they cannot be
changed and the project must meet them in order to ensure the success of the
project.
Paragraph 2: How can we measure project performance against criteria?
There are number of techniques for measuring project performance against criteria.
The most popular technique is KPI (Key Performance Indicator) in which the overall
performance is judged using various criteria. Again, the satisfaction of the
stakeholders is important in measuring the project performance. Finally, the cost and
schedule are also used to measure the project performance as budget and schedule
overshoot are not desired in the project.
Conclusion:
Performance of a project can be measured using various techniques but whatever
techniques are used, the main focus of any organisation is the cost and schedule
involved in the project as the overshoot of both can cause disastrous consequences.
SPM3.2 AC 4.03
Assess the benefits of sharing the outcomes of a project evaluation, within
an organisation
SPM3 planning sheet Page 2 of 5