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This paper presents a conceptual framework of the Unified Economic Assessment (UEA) which integrates the knowledge from various perspectives from the real world business. Three major aspects, namely, Technology, Economics & Finance, and Innovation Management will be considered to merge into the justification criteria of the development tool. Applied econometrics includes the application of econometric methods will be use for economic forecasting. The recommender system will provide a prudential guidance whether the application of Advanced Process Control (APC) is worthwhile for industrial project investment.