A process-oriented, performance-based cost-model for manufactured parts has been assessed in its ability to capture sustainability. Literature has been reviewed and found 108 sustainability indicators, which have been compared with the input parameters in the cost-model. Based on a gap analysis, a framework for sustainable production evaluation has been developed. The framework considers performance-based production costs of a product, along with overhead costs, and selling price, giving the product surplus. Additionally, there is a spider-web chart of sustainable factors presenting current state and target values of the product's sustainability. The framework has mainly been developed for SME's boards, but also for production managers in larger firms. Hopefully, this framework will help companies assess their sustainability, with respect to economy, the environment and social responsibility, contributing to a small part of the efforts needed to provide a more sustainable world for the future.