Catalog

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p. 8 of 39 BACK | NEXT The Record Chairman’s Message Board of Directors' Report New and Revised Policies and Procedures Reforming to Remain Relevant Managing for Development Results Results in Country Strategies and Programs Project Performance Management Systems Global Agenda Innovation and Efficiency Initiative New Instruments and Modalities Other Policies and Strategies Performance-Based Allocation Policy Internal Initiatives Governing Structure Financing Operations 2005 in Figures Management Board of Directors Operations in 2005 East and Central Asia Mekong The Pacific South Asia Southeast Asia

New and Revised Policies and Procedures

Project Performance Management Systems

Inadequate planning and insufficient involvement of stakeholders in project preparation are among the main reasons for project failure. The results-based approach is also working at the project level, under the Project Performance Management Systems, which centers around the development of improved design and monitoring frameworks for ADB projects, programs, and technical assistance.

The new frameworks are results-based participatory instruments that help in conceptualizing, designing, implementing, monitoring, and evaluating projects. The improved use of better frameworks is expected to provide a consistent structure for all lending and non-lending operations; clarify outcomes by harmonizing better with other aid agencies; describe the “results chain” of a project; and improve the formulation of expected development outcomes by identifying performance indicators.

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