An evaluation of a system in terms of the extent to which the system accomplishes stated objectives and actual project costs exceed initial estimates is refered to as
Question
An evaluation of a system in terms of the extent to which the system accomplishes stated objectives and actual project costs exceed initial estimates is refered to as
Solution
This is referred to as a Performance Evaluation. Performance Evaluation is a systematic and periodic process that assesses an individual employee’s job performance and productivity in relation to certain pre-established criteria and organizational objectives. It also provides a way to help identify areas for performance enhancement and to help guide personnel decisions.
In the context of a system or project, Performance Evaluation would involve assessing whether the system or project is meeting its stated objectives, and whether the actual costs are exceeding the initial estimates. This can help identify areas where the system or project could be improved, and can provide valuable information for future planning and decision-making.
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