In this edition of Red Carpet Report Card, Olivia Palermo will be graded on her Giambattista Valli Fall 2011 dress and Jimmy Choo sandals worn to The Cinema Society screening of Henrys Crime at Landmarks Sunshine Cinema in New York City. See how she looked after the jump.

Olivia will be rated on the below categories, five being the highest and 1 being the lowest.

Fit: 3

Appropriateness: 3

Trendiness: 4

Styling: 3

Shoes: 5

Hair: 1

Makeup: 4

Pose: 3

Confidence: 3

I actually don't hate this look, but Olivia has it all wrong. The fit isn't perfect, so she looks really boxy in this structured dress. Also, the hair is awful, so that takes away a lot from the look. A cool dress worn in an average manner makes for a mediocre look.