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iRubric: Economic Analysis rubric

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Economic Analysis Economic Analysis This is the rubric for grading the Economic Analysis section of the Student Portfolios in the Integrated Projects Curriculum of Messiah College Engineering Department. (v1.0, created 10/11 by TW, v2.0, revised 03/12 by DG, v 2.1 revised 09/12 by TV) Rubric Code: C2X63B2 By seanpmccoy65 Ready to use Public Rubric Subject: Engineering Type: Assessment Grade Levels: Undergraduate

Economic Analysis
	Exemplary/Excellent 5 pts	Accomplished/Good 4 pts	Developing/Fair 3 pts	Deficient/Poor 2 pts
Assumptions 1 pts	Exemplary/Excellent Clearly states and justifies all assumptions appropriate for the analysis.	Accomplished/Good States the assumptions used for the analysis. Most are justified and appropriate.	Developing/Fair States most of the assumptions necessary for analysis, but does not justify these assumptions. Some assumptions are redundant or unnecessary	Deficient/Poor Most necessary assumptions are not present and/or justified. Several assumptions are inappropriate for the analysis.
Cost Estimation 1 pts	Exemplary/Excellent All estimates have a legitimate source and/or a reasoned derivation.	Accomplished/Good Most estimates have a reasoned derivation. Only the “big ticket” items have source information.	Developing/Fair Some items have a reasoned derivation, but there is little or no documentation of sources.	Deficient/Poor Most values are “pulled out the air”, without derivation or documentation.
Methods 2 pts	Exemplary/Excellent Correct calculations using a “time value of money” technique and analysis of the uncertainty of the result.	Accomplished/Good Correct calculations using a “time value of money” technique.	Developing/Fair Correct calculations, but analysis does not reflect the “time value of money.”	Deficient/Poor Incorrect calculations
Conclusions 1 pts	Exemplary/Excellent Correctly interprets the results of the analysis, including the range of answers caused by varying estimates or assumptions.	Accomplished/Good Correctly interprets the results of the analysis, and recognizes that different estimates or assumptions may change the result.	Developing/Fair Correctly interprets the results of the analysis, but does not consider how variation of estimates changing assumptions may affect the result.	Deficient/Poor Improperly interprets the results of the analysis.