PMI’s International Development CoP with Suffyan Bashir, PMP
31 July 2014 • 7-8 AM EDT (13:00 CET/France)
Multilateral and international development organizations have been heavily criticized by governments and donors for not realizing expectations due to lack of accountability leading to corrupt practices, waste of resources, bureaucracy and poor service delivery. This trend has continued to plague development in the third world for decades, according to evaluations conducted on previous projects and programmes.
Many of the existing programming and monitoring tools used by development organizations do not have built-in mechanisms for highlighting shortcomings, discrepancies and financial irregularities and hence cannot effectively expose mismanagement or corrupt practices.
Although Earned Value (EV) has been utilized mainly as a performance measurement tool in the corporate world, it may possibly be employed in development programmes as a tool for accountability and highighting mismanagement of financial resources. The first challenge will be to identify and establish the appropriate EV tools that can be employed within the context of development programmes bearing in mind that development results and outcomes are not expressed as benefits in financial terms. We will then explore a couple of scenarios whereby I will demonstrate how to apply EV in monitoring and controlling development projects to ensure better accountability of project team members while also ensuring funds are not misused.
It is important to recognize that EV alone will not be sufficient to resolve financial mismanagement or wipe out corruption. It must be part of a broader framework that includes various programming, monitoring and auditing techniques that collectively strengthen accountability, enforce regulations and develop business processes that will reduce or greatly minimize illicit financial practices in development projects.(1