Monitoring & Evaluation in Business

8 PAGES (2195 WORDS) Accounting Assignment

Introduction

Monitoring and Evaluation (M&E) is used to assess the performance of projects, institutions and programmes set up by governments, international organizations, and NGOs.  It goals is to improve current and future outputs, outcomes and the impacts. Monitoring is the continues assessment of programmes based on early detailed information on the progress or delayed of the ongoing activities. An evaluation is the examination concerning the relevance, effectiveness, efficiency and impact of activities in the light of specified objectives. Monitoring and the evaluation process can be managed by the donors. Financing the assess activities, by an independent branch of the implementing organization, by project manager or implementing team themselves and/or by private company.  The credibility and objectivity of monitoring and evaluation reports depends very much on the independence and the evaluators. Their expertise and independence are of major importance for the process to be successful.