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Conducting the Project Assessment and making the Final Decision provides a deep dive on Step Three and Step Four of the assessment process, covering the assessable criteria in the Project Assessment step, and how the project’s overall alignment to best practice can be used to determine the final project decision or recommendations for action points.
Step Three is a follow-up step to the to the preliminary decision made in Step Two, whereby scores assigned to a given project dictate its continuation in the process towards a more detailed assessment. This step aims to further examine the project’s possible value across potential scenarios, evaluate its capabilities, and set up for successful execution. It is also designed to assess a given project’s measures for managing risks and analyze its socioeconomic contributions to the wider economy. The Project Assessment Template in Appendix B provides a guide to conducting the Project Assessment to make a final project decision, as laid out in Step Four.
The sections below will describe each criterion, suggested analyses for its assessment, and the guideposts for its rating for alignment to best practice, where the list of criteria is as follows:
F2: Additional Value Enabled by Project
Q2: Marketing, Sales, and Pricing
Q3: Project Governance and Structure
C2: Environmental Risk Management
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