CENTER FOR FINANCIAL ENGINEERING IN DEVELOPMENT
Replacing mid-term project reviews with in-depth assessments by project officers and conducting final project reviews on a selective (good, bad, and unusual) basis can reduce USAID"s project evaluation costs by more than 60% while simultaneously improving quality and useability of findings.
Merrill, Hank; Peterson, Eric · 1995

Abstract
This is the main conclusion of the USAID Value Management/Value Engineering (VM/VE) team that performed a test case on project evaluation to determine how applying VM/VE principles can improve management and reduce costs. The VM/VE team, made up of five direct-hire USAID employees led by a contractor, Certified Value Engineering Specialist (CVS), identified four specific recommendations: (1) The Policy Planning Committee should (PPC) incorporate the following into the Program Management and Evaluation (PM&E) directives: (i) re-design the mid-term evaluation process to focus on efficiency; internalize the effort to utilize the partnership team; and emphasize formative, informative, and informal communications; (ii) re-design the final review process to evaluate the project results package, review only selected groupings of activities, and disseminate findings on electronic bulletin boards and at biannual seminars. (2) USAID should initiate VM/VE training. (3) PPC should include the Office of Management and Budget (OMB) and Inspector General (IG) into re-engineering and VM/VE efforts. (4) USAID should obtain OMB approval to fund U.S. Direct Hire (USDH) employee evaluation participation using project funding. (Author abstract)
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