Engineering and Technology Management Tools and Applications

4.3: Types of Information Required for Evaluating a Project

4.3 Types of Information Required for Evaluating a Project

Usually, various types of information are needed to evaluate a project. Figure 4.1 presents five main categories of such information [3].


Figure 4.1: Main categories of information required for project evaluation.

Tables 4.1 4.5 present important subelements of required marketingrelated, production-related, manpower-related, finance-related, and administrative-related and miscellaneous information, respectively. It is to be noted that these subelements may vary from one project to another.

Table 4.1: Important Subelements of Required Marketing-Related Information

Number

Subelement

1

Acceptance by consumer

2

Potential market and its size

3

Impact on consumer safety

4

Probable market share

5

Possibility for spin-off

6

Impact on existing product line

7

Ability to control quality

8

Time until acquiring market share

9

Output's estimated life

Table 4.2: Important Subelements of Required Production-Related Information

Number

Subelement

1

Availability of raw materials

2

Energy needs

3

Equipment and facility requirements

4

Process safety

5

Degree and length of disruption during installation

6

Effect on waste

7

Compatibility with current technological know-how

8

Change in quality of output and quality-control procedures

9

Required development time

10

Time until ready to install

11

Impact on suppliers

12

Other areas of applications of technology

13

Change in raw material usage, time to produce a unit, and cost to produce a unit

Table 4.3: Important Subelements of Required Manpower-Related Information

Number

Subelement

1

Availability of required skilled labor

2

Skill and training requirements

3

Impact on current work conditions

4

Change in work force size

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