Project Evaluation Model
This template overview covers what’s generally involved when preparing to do a project evaluation. There are fundamentally two questions to ask:
- How Difficult? The key outputs organized around this question are around time, how long it takes, cost, investment, resources, and the probability of success.
- How Big? For this, you want to kind of jump into the future. This how its project could be in some kind of future state. Most companies put down assumptions and go from there. Here, instead, we’ll look at things in terms of uncertainty using a tornado diagram.