Project Cycle Management Training Handbook - CFCU

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Project Cycle Management Training Handbook
7.5 Summary
� Evaluation can be defined as a periodic assessment of the
relevance, efficiency, effectiveness, impact, economic and
financial viability, and sustainability of a project in the context of
its stated objectives.
� The purpose of evaluation is to review the achievements of a
project against planned expectations, and to use experience from
the project to improve the design of future projects and
programmes.
� The EU uses the following criteria: Relevance; Efficiency;
Effectiveness; Impact; Economic & financial viability; and
Sustainability
� The approach adopted by many agencies, including the European
Commission, is to programme formal evaluation reports at
specific phases in the project cycle and to supplement these with
ad hoc studies. The specific reports would typically be:
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- At Mid-Term, to review progress and propose alterations to
project design during the remaining period of implementation.
- At Project Completion, to document the resources used, results
and progress towards objectives. The objective is to generate
lessons about the project which can be used to improve future
designs.