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Financial Management and Analysis of Projects : 1. Introduction to the Guidelines
1.7. Roles of Financial Analysis Specialists and Financial Management Specialists1.7.1. The function of the Principal Financial Management Specialist (PFMS) and the additional Financial Management Specialist (FMS) in RSDD is to provide overall guidance, develop best practices and guidelines, carry out diagnostic studies of DMCs and provide other assistance to projects departments as needed. To provide operational support, they also review selected project documents to ensure quality of projects at entry as well as consistency with ADB's policies and guidelines. The PFMS also networks on financial governance and management issues through the departmental FMSs. The primary responsibility of the FMSs that is based in the regional departments is to provide assistance on financial management matters to the whole department, and to undertake reviews of audited annual project accounts. The Financial Analysis Specialists (FASs) are based in project divisions. Their focus is at the project level, particularly the financial analysis of investment projects (see Part 3 of the Guidelines).
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