Evaluation (noun)

1. The process of assessing or appraising something, especially in order to determine its value, quality, or worth.
2. A judgment or estimate of the quality, amount, or value of something.

Origin:

Late 19th century: from french évaluation, from évaluer "to evaluate", based on latin valere "be worth".

Examples:

1. The evaluation of the company's performance was based on a number of factors.
2. The evaluation of the new software was positive.
3. The evaluation of his work showed that he was an excellent employee.
4. The evaluation process is essential to determine the success of the project.
5. An evaluation of the market showed that there was potential for growth.