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Project Cycle Management Training Handbook - CFCU

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64<br />

<strong>Project</strong> <strong>Cycle</strong> <strong>Management</strong> <strong>Training</strong> <strong>Handbook</strong><br />

Building an<br />

institutional<br />

memory<br />

� Efficiency - the cost, speed and management efficiency with<br />

which inputs and activities were converted into results, and the<br />

quality of the results achieved<br />

� Effectiveness - an assessment of the contribution made by results<br />

to achievement of the project purpose, and how assumptions have<br />

affected project achievements<br />

� Impact - the effect of the project on its wider environment, and<br />

its contribution to the wider sectoral objectives summarised in the<br />

project’s Overall Objectives<br />

➅ Sustainability - the likelihood of a continuation in the stream of<br />

benefits produced by the project, particularly continuation of the<br />

project’s activities and achievement of results, and with particular<br />

reference to development factors of policy support, economic and<br />

financial factors, socio-cultural aspects, gender, appropriateness<br />

of technology, ecological aspects, and institutional capacity<br />

7.3 Linkage to the Logframe<br />

7.3.1 Costs<br />

The steps involved in an evaluation exercise closely follow the<br />

hierarchical objective structure of the project design. By following<br />

this systematic approach all aspects of the project’s achievements are<br />

evaluated.<br />

Actual input costs compared to plan. This is the basis of variance<br />

analysis. Was there a budget revision? How did the nature and timing<br />

of inputs compare with the plan? Did the partner agency or other<br />

donors fulfil their planned contributions? These data will have been<br />

monitored and reported in progress reports. Such reports are a key<br />

source of data for evaluation.<br />

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