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Working paper

Foresight Evaluation: Lessons from Project Management

The aim of this paper is to identify ways for improvement of the Foresight evaluation framework on the basis of analysis and systematisation of accumulated experience in the field of project management. The paper is based on a detailed literature review related to an evaluation of Foresight and traditional projects. The comparison of evaluation approaches allows to provide recommendations for Foresight evaluation framework improvement. The elements which can enrich Foresight evaluation process are the following: the development of an evaluation model; the extensive use of quantitative methods; the elaboration of evaluation scales; the inclusion of economic indicators into evaluation; and the provision of more openness and transparency for evaluation results. Given the importance of Foresight evaluation procedures and the lack of a commonly applied methodological approach, the value of this paper consists in identifying a Foresight evaluation framework and enriching it with elements of project management.