Stage 2: Innovation and Assessment Requirements
Step 2.2.4 - Cost of assessment
The final step of this stream is to determine the estimated costs of the assessment methodology. These cost estimates would include for example purchase and installation costs of the data collection equipment, resources associated with the data collection monitoring processes and any subsequent analysis costs.
Throughout this stream the overall assessment methodology would be continually reviewed and refined to ensure that it enables the cost effective assessment of the potential impacts and the performance of the innovation. If necessary, the assessment methodology would be modified, reviewed and refined.