The Project Manager develops a Risk Management Plan (RMP) and manages it throughout the project. The RMP is regularly updated and reported to the Project Team, Project Sponsor, Project Advisory Committee and/or Major Capital Project Advisory Committee. The type of risk assessment, as identified below, depends on the complexity of the project. Risk Assessment – […]
What is Monitoring and Evaluation?
Monitoring can be defined as: “A continuing function that uses systematic collection of data on specified indicators to provide management and the main stakeholders of an ongoing development intervention with indications of the extent of progress and achievement of objectives and progress in the use of allocated funds”. See Organization for Economic Co-operation and Development […]
Adapting the Market Systems Development Approach to the Care Economy
Economies depend on care work, paid and unpaid, to survive and thrive. Moreover, tackling the uneven distribution of unpaid care work is widely recognized as crucial for women’s economic empowerment and gender equality. Yet, many inclusive MSD projects shy away, including those which I have led and advised, from addressing care work and the broader care economy — […]
Glossary of Market System Approach
Definitions for the most common terms and concepts to help you understand, plan and implement a market systems approach. This is a living, growing glossary. The terminology around market systems development is changing continuously: many terms have multiple definitions, and some are even actively contested. Market systems approaches: principles and characteristics Copying: other target enterprises copying […]
Features of a market systems approach
Market systems approaches address the root causes of why markets often fail to meet the needs of poor people. They focus on interventions that modify the incentives and behaviour of businesses and other market players – public, private, formal and informal – to ensure lasting and large-scale beneficial change to poor people. This means that there […]
Why a systems approach?
To achieve lasting and widespread pro-poor change, we address incentives, behaviors and relationships among actors. Market systems approaches differ from other private sector development approaches by focusing on promoting a different role for donor agencies, impact investors, governments and other development actors, in bringing about pro-poor change. The common rationale is to address the underlying causes […]
What is a market system?
Market systems approaches address the underlying causes of poor performance in specific markets that matter to people living in poverty, in order to create lasting changes that have a large-scale impact. To get the most out of BEAM Exchange, it’s important to understand what market systems are and why they matter to people living in poverty. Here […]
Market systems and people in poverty
Markets and the private sector provide a direct means for people to participate in economic activity – to find jobs, earn income and access services. All too often, people living in poverty are excluded or disadvantaged by the way that markets operate. MSD is a coherent approach to understanding and intervening in markets so that […]
Key Steps for Effective MEL
Create theory of change: Develop a “living” log-frame. Allocate sufficient budget and staff resources for MEL. Review program logic at program kickoff. Develop a complete MEL plan / system. Incorporate M&E into program work plans. Collect baseline data. Establish accountability mechanism. Track activities and conduct routine monitoring. Conduct regular, participatory, reflection meetings. Document and share […]
What is it? Strong Monitoring, Evaluation, Accountability and Learning (MEAL) is critical to project success. Monitoring is the continuous and systematic collection and analysis of data about project progress and changes in the project context. Evaluation is the user-focused assessment of an ongoing or completed project’s design, implementation and results. Accountability is a commitment to […]