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The Sunk Cost Fallacy leads to humungous losses (for how much, please read on) for businesses worldwide. The fallacy is at play when a company continues to pour resources into a project just because of prior investments made in it. In this entire episode, the thing to be worried about is that the money is poured in, even when letting go of the project is the right thing to do.
To save the day and ensure that you never fall victim to sunk cost fallacy, project evaluation at regular times is the need of the only solution.
Project evaluation is an assessment that encompasses everything from the creation of the project plan to its implementation and tracking its outcomes. It is needed to deliver metrics that forecast the likelihood of the success of a project in terms of its relevance, effectiveness, efficiency, and sustainability. This enables stakeholders to make informed decisions on whether to continue with the project, change its components, or terminate it.
It is important to take stock of the ones executing a project. Download the best self-evaluation templates from this blog here!
What does data have to say about it?
Nearly $1 million is wasted every 10 seconds by companies worldwide. This is due to a lack of effective business strategy implementation. Over 40% of business projects fail as the project objectives do not feed into the overall enterprise mission and vision.
Project evaluation saves your business money and time by ensuring that only worthwhile projects are continued. This is where SlideTeam enters to help your company conduct a proper project evaluation with its Project Evaluation Templates.
Project Assessment Templates that Optimize Resource Allocation
A PowerPoint Presentation is an excellent tool to deliver the information you have collected on the project and conduct a comprehensive assessment with the audience members. Creating a presentation from scratch for each project or iteration will be time-consuming. But not with SlideTeam’s content-ready and 100% editable PPT Templates. These slides give you a starting point for the evaluation, a solid framework that includes all aspects, and the capability to alter the elements to suit your needs.
This saves you a tremendous amount of time and energy that can be better spent analyzing each project for its suitability to the business.
Let’s take a tour of our collection of the best Project Evaluation Templates and see what they offer you.
Template 1: Project Evaluation Process PowerPoint Template Bundles
This PowerPoint Deck presents a comprehensive project evaluation process with tools and resources. The presentation begins with key elements of the process, followed by the methods used in it (ROI, CBA, etc.). The following slides showcase the tools you need and the phases that mark the process. Download this PPT Set to conduct a proper project evaluation and make data-driven decisions.
Template 2: Assessment Steps for Project Evaluation Process
Use this PPT Template as a visual reference for steps in the project evaluation process. Showcase the steps as a ladder and connect steps across the timeline to create an interconnected web of checks and measures. From assessing project objectives to informing stakeholders of results, this list helps you track assessment. Download now.
Template 3: Key Metrics for Project Evaluation Process
How do you evaluate the project evaluation process? You use this PPT Slide that depicts the key metrics that help you gauge the assessment. These include productivity, quality and satisfaction, cost, and gross margin. Each criterion has components that define it and help you assess the evaluation process with care.
Template 4: Project Evaluation Checklist Business Process Modeling Techniques
Ensure that you complete all requirements for the project using this checklist template. The PPT Slide presents a table with a readymade list of evaluation criteria, from the quality of the contractor’s work to the adherence to the project schedule. The checks are done on a Likert scale that ranges from unacceptable to excellent. Download this template from the link below to tick off every project evaluation criteria and ensure successful evaluation.
Looking for more options? Check out our blog to access the best evaluation checklist templates!
Template 5: Addressing Lessons Learnt for Post-Project Evaluation Managing Project Playbook
There is lot to learn from a project that has been completed on paper. Use this PPT Layout to note and share lessons learnt from project execution. The information is presented in a table that classifies it based on risk, scope, and resources. For each category, you can present the class concerned, the problem, its impact, its status, and the recommended action for a solution.
Template 6: Project Support Showing Project Evaluation and Project Initiation
All pieces of the project will fall into place with project support. This support includes evaluation, project initiation and closing, and help for challenging projects. The PPT Slide presents this information with visuals that keep the audience's attention. There is space to add your project’s requirements for each category. Grab this template now to assist your team in all projects.
Template 7: Project Evaluation Methods and Procedures
How are you evaluating a project? Is one method better than the other? This PPT Slide presents a comparison table to test the effectiveness and efficiency of a given project evaluation method and details its method. The table presents KPIs, such as project performance, product need, threat from competitors, and feasibility measured against relevant criteria. Download this template now.
Template 8: Project Evaluation Using Decision Criteria
A numerical value for each criterion will help you make objective decisions when conducting project evaluation. This PPT Slide presents a table that allows you to put a weighted measure for a given objective, such as revenue, leverage, time, cost, etc., for each project. You can add up the score for each project and make your decisions to continue, improve, or terminate.
Template 9: Project Evaluation Criteria with Weightage Score
Presenting a more detailed weighted score project evaluation tool. Use this PPT Layout to calculate the score on categories such as legal, financial, consultation, impact, etc. Each category has specific criteria that need the evaluator’s attention. This readymade presentation helps you make objective data-driven decisions for your projects. Make it yours today.
Template 10: Key Findings of Project Evaluation Presentation Report Infographic
This presentation slide is the perfect medium to showcase your project evaluation results. The findings can be presented in blocks based on the nature of the results. For example, the socio-cultural, economic, and political issues, national development agenda, etc. Grab this template from the link below to reference project evaluation work.
Good to Go
Conducting a project assessment is an easy way to get ahead of avoidable losses and issues. This becomes even easier when you use SlideTeam’s Project Evaluation Templates. Download them now! Access these slides with a single click and streamline your onboarding process more. You can choose one of our subscription services: monthly, semi-annual, annual, annual+ with a click here.
P.S. The templates in this blog are not ranked in any order. Pick the one(s) you like and download it!
Make your case and gain a beneficial project with our project bid templates from this blog here!
