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What is a Management Dashboard?
The term Management Dashboard defines a wide range of data reporting and visualization tools or dashboards that allow using various performance & efficiency measures to report on an enterprise’s ability to organize and coordinate its activities in accordance with certain policies and in achievement of pre-determined objectives. What is a Management Dashboard?
 
 
 
 
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Money Management Action Plan

In this Money Management Action Plan you can read a range of tips and suggestions that will help you manage your money in an effective manner.

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Home » Glossary » What is Task Evaluation
What is Task Evaluation  

What is Task Evaluation



 
 

Task Evaluation is a process of giving an objective estimate to amount of work, efforts, decisions and resources required to accomplish a task, along with its worth to organization. The point of Task Evaluation is to define whether the costs incurred by a task are adequate to expected level of gain. With a help of Task Evaluation the management of an organization can make a decision on giving the green light to execution of a certain task (as Task Evaluation process implies collecting a wide scope of information that ensures a proper ground for making such a decision).

Since the objectives of a task are clearly defined, Task Evaluation is based upon defining:

  • Obvious constraints of this task (its due date and quality level);
  • Complexity of the work (amount, character and intensity of labour involved into the work);
  • Amount of required material resources (raw materials, utilities, transportation, etc);
  • Risks that endanger successful task performance and increase costs;
  • Compensations to be paid to workers engaged into the task;
  • Ability of organization to accomplish this kind and amount of work;
  • Impact of the task on success and development of the organization;
  • Benefits to be gained by the organization during or after performance of the task;
  • Comparison: Overall costs incurred by the task against overall profit brought with the task;

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