Idea Evaluation Checklist

Idea evaluation checklist can be useful for person who wants to substantiate some business idea and need to prove its expediency to authorities or partners. Checklist consists of positions that should be considered to ensure that idea is well-grounded and can be presented to audience.

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Checklist for evaluation of idea:

• Consider all advantages of your idea and decide if it is really needed

Give clear statement of your idea and determine why your idea is expedient in this situation.

• Designate what exact problems or difficulties your idea is supposed to solve

If possible create a list of problems which can be solved by your idea

• Decide if project returns are adequate to project risks
• Define if your idea is new and original or is it a modification of another concept
• If idea is combination or adaptation of other ideas – try to research available experience

It is advisable to research the experience of realization of similar or analogical ideas

• Research what short-range benefits and results can be gained with this idea
• Research how soon long-term benefits and results can be gained
• Check your idea for faults and limitations
• Create plan for any case of possible faults
• Find out what problems your idea might cause and what changes can help to avoid them
• Determine complexity of implementation of your idea
• If possible elaborate several variants of your idea or/and alternative ideas
• Determine if your idea is required on market,...

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