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SESSION 1.2 PROJECT CRITERIA: ECONOMIC VIABILITY AND PROJECT ALTERNATIVESIntroductory Course on Economic Analysis of Investment Projects Economics and Research Department (ERD)2Discounted Cash Flow:
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How to fill out project criteria
How to fill out project criteria
01
Start by gathering all the necessary information about the project, such as its purpose, goals, and requirements.
02
Create a clear and concise outline of the project criteria, organizing it into logical sections or categories.
03
Define the specific criteria for each section, ensuring they are measurable and aligned with the project's objectives.
04
Include any relevant guidelines or standards that need to be followed when evaluating the project against the criteria.
05
Provide examples or explanations to help users understand each criterion and how to assess it.
06
Ensure that the project criteria are comprehensive and cover all important aspects to make informed decisions.
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Review and revise the project criteria as needed, incorporating feedback and suggestions from stakeholders.
08
Educate and train the individuals responsible for evaluating the project criteria, ensuring they understand the process and its importance.
09
Regularly monitor and update the project criteria to reflect any changes or evolving needs throughout the project lifecycle.
Who needs project criteria?
01
Any organization or individual involved in project management can benefit from project criteria.
02
Project managers use criteria to assess the viability and success of potential projects.
03
Stakeholders rely on project criteria to make informed decisions and prioritize resources.
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Team members use project criteria to understand project expectations and deliverables.
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Clients or customers may also require project criteria to align their goals with the project's objectives.
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Investors or sponsors use project criteria to evaluate the return on investment and potential risks.
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Essentially, anyone involved in the planning, execution, or evaluation of a project can benefit from project criteria to guide their decision-making and ensure project success.
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What is project criteria?
Project criteria are the specific standards or requirements that a project must meet in order to be considered successful.
Who is required to file project criteria?
The project manager or team responsible for overseeing the project is required to file project criteria.
How to fill out project criteria?
Project criteria can be filled out by detailing each requirement or standard that the project must meet, typically in a document or spreadsheet.
What is the purpose of project criteria?
The purpose of project criteria is to provide guidelines and benchmarks for determining the success of a project.
What information must be reported on project criteria?
Project criteria should include details on the objectives, scope, timeline, budget, resources, and key performance indicators of the project.
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