Performance Monitoring and Evaluation
Expert-defined terms from the Advanced Certificate in Budgeting For Capital Expenditures course at London School of Planning and Management. Free to read, free to share, paired with a globally recognised certification pathway.
Accountability #
Refers to the responsibility of individuals or organizations to account for their actions, decisions, and performance, ensuring that they are transparent and answerable to stakeholders, in the context of Performance Monitoring and Evaluation, it involves tracking and assessing the achievement of goals and objectives. Related terms: Transparency, answerability, responsibility.
Action Plan #
A detailed plan outlining the steps to be taken to achieve specific goals and objectives, in Performance Monitoring and Evaluation, it involves identifying the actions required to address performance gaps and improve overall performance. Related terms: Strategy, implementation plan, performance improvement plan.
Activity #
Based Budgeting: An approach to budgeting that involves allocating resources to specific activities or tasks, rather than to broad categories or departments, in the context of Capital Expenditures, it involves identifying the activities required to achieve specific goals and objectives and allocating resources accordingly. Related terms: Activity-based costing, zero-based budgeting, priority-based budgeting.
Annual Work Plan #
A plan outlining the specific goals, objectives, and activities to be achieved within a one-year period, in Performance Monitoring and Evaluation, it involves setting priorities, allocating resources, and establishing performance targets. Related terms: Strategic plan, operational plan, performance plan.
Assessment #
The process of evaluating or estimating the quality, importance, or extent of something, in the context of Performance Monitoring and Evaluation, it involves evaluating the performance of individuals, teams, or organizations against established goals and objectives. Related terms: Evaluation, appraisal, review.
Benchmarking #
The process of comparing performance or processes with those of other organizations or industry leaders, in Performance Monitoring and Evaluation, it involves identifying best practices and areas for improvement. Related terms: Best practices, performance metrics, key performance indicators.
Budget #
A financial plan outlining projected income and expenses over a specific period, in the context of Capital Expenditures, it involves allocating resources to specific projects or activities. Related terms: Budgeting, financial planning, resource allocation.
Budgeting For Capital Expenditures #
The process of planning, allocating, and managing resources for capital expenditures, such as infrastructure projects, equipment, or technology, in Performance Monitoring and Evaluation, it involves evaluating the performance of capital expenditures and identifying areas for improvement. Related terms: Capital budgeting, investment appraisal, cost-benefit analysis.
Capacity Building #
The process of improving the skills, knowledge, and abilities of individuals or organizations, in the context of Performance Monitoring and Evaluation, it involves developing the capacity to monitor and evaluate performance. Related terms: Training, development, institutional strengthening.
Capital Budgeting #
The process of evaluating and selecting investment projects, such as infrastructure projects, equipment, or technology, in Performance Monitoring and Evaluation, it involves evaluating the performance of capital expenditures and identifying areas for improvement. Related terms: Investment appraisal, cost-benefit analysis, project evaluation.
Capital Expenditure #
A long-term investment in assets, such as infrastructure, equipment, or technology, in the context of Performance Monitoring and Evaluation, it involves evaluating the performance of capital expenditures and identifying areas for improvement. Related terms: Capital budgeting, investment, asset management.
Cause #
And-Effect Diagram: A tool used to identify and analyze the relationships between different factors, in Performance Monitoring and Evaluation, it involves identifying the causes of performance gaps and developing strategies to address them. Related terms: Fishbone diagram, Ishikawa diagram, root cause analysis.
Communication Strategy #
A plan outlining how to communicate information to stakeholders, in the context of Performance Monitoring and Evaluation, it involves developing a plan to communicate performance information to stakeholders. Related terms: Stakeholder engagement, communication plan, reporting.
Cost #
Benefit Analysis: A method used to evaluate the costs and benefits of a project or investment, in Performance Monitoring and Evaluation, it involves evaluating the performance of capital expenditures and identifying areas for improvement. Related terms: Cost-effectiveness analysis, investment appraisal, project evaluation.
Data Analysis #
The process of examining and interpreting data to draw conclusions, in the context of Performance Monitoring and Evaluation, it involves analyzing data to evaluate performance and identify areas for improvement. Related terms: Data interpretation, statistical analysis, data visualization.
Data Collection #
The process of gathering data, in Performance Monitoring and Evaluation, it involves collecting data to evaluate performance and identify areas for improvement. Related terms: Data gathering, data sourcing, data management.
Data Quality #
The degree to which data is accurate, complete, and reliable, in the context of Performance Monitoring and Evaluation, it involves ensuring that data is of high quality to support accurate performance evaluation. Related terms: Data accuracy, data completeness, data reliability.
Data Visualization #
The process of presenting data in a graphical or visual format, in Performance Monitoring and Evaluation, it involves presenting performance data in a clear and concise manner. Related terms: Data presentation, data reporting, data communication.
Decision #
Making: The process of making choices or decisions, in the context of Performance Monitoring and Evaluation, it involves making informed decisions based on performance data and analysis. Related terms: Decision analysis, decision support, decision-making process.
Disbursement #
The process of paying out funds, in Performance Monitoring and Evaluation, it involves tracking and evaluating the disbursement of funds for capital expenditures. Related terms: Expenditure, payment, financial management.
Efficiency #
The ability to achieve maximum productivity with minimum waste, in the context of Performance Monitoring and Evaluation, it involves evaluating the efficiency of capital expenditures and identifying areas for improvement. Related terms: Effectiveness, productivity, cost-effectiveness.
Effectiveness #
The degree to which something is successful in producing a desired result, in Performance Monitoring and Evaluation, it involves evaluating the effectiveness of capital expenditures and identifying areas for improvement. Related terms: Efficiency, productivity, outcome.
Evaluation #
The process of assessing or evaluating something, in the context of Performance Monitoring and Evaluation, it involves evaluating the performance of individuals, teams, or organizations against established goals and objectives. Related terms: Assessment, appraisal, review.
Expenditure #
The act of spending or disbursing funds, in Performance Monitoring and Evaluation, it involves tracking and evaluating the expenditure of funds for capital expenditures. Related terms: Disbursement, payment, financial management.
Financial Management #
The process of planning, organizing, and controlling financial resources, in the context of Capital Expenditures, it involves managing the financial resources allocated to capital expenditures. Related terms: Financial planning, budgeting, resource allocation.
Financial Planning #
The process of outlining financial goals and objectives, in Performance Monitoring and Evaluation, it involves developing a financial plan to support the achievement of performance goals and objectives. Related terms: Budgeting, financial management, resource allocation.
Gap Analysis #
A method used to identify the gaps between current and desired performance, in Performance Monitoring and Evaluation, it involves identifying the gaps between current and desired performance and developing strategies to address them. Related terms: Needs assessment, root cause analysis, performance gap analysis.
Goal #
A specific objective or target, in Performance Monitoring and Evaluation, it involves setting goals and objectives and evaluating performance against them. Related terms: Objective, target, performance target.
Impact Evaluation #
A type of evaluation that assesses the impact or effect of a project or program, in Performance Monitoring and Evaluation, it involves evaluating the impact of capital expenditures on the organization or community. Related terms: Outcome evaluation, effectiveness evaluation, impact assessment.
Indicator #
A measure or metric used to evaluate performance, in Performance Monitoring and Evaluation, it involves developing and using indicators to evaluate performance. Related terms: Performance indicator, metric, benchmark.
Input #
A resource or factor used to produce a good or service, in the context of Capital Expenditures, it involves evaluating the inputs used to produce capital expenditures. Related terms: Output, outcome, resource.
Investment Appraisal #
A method used to evaluate the potential return on investment of a project or proposal, in Performance Monitoring and Evaluation, it involves evaluating the performance of capital expenditures and identifying areas for improvement. Related terms: Cost-benefit analysis, project evaluation, capital budgeting.
Key Performance Indicator #
A metric or measure used to evaluate performance, in Performance Monitoring and Evaluation, it involves developing and using key performance indicators to evaluate performance.
Logic Model #
A visual representation of a program or project, in Performance Monitoring and Evaluation, it involves developing a logic model to evaluate the performance of capital expenditures. Related terms: Program theory, theory of change, causal model.
Monitoring #
The ongoing process of collecting and analyzing data to track performance, in Performance Monitoring and Evaluation, it involves monitoring performance against established goals and objectives. Related terms: Surveillance, supervision, performance tracking.
Needs Assessment #
A method used to identify the needs or requirements of a particular group or organization, in Performance Monitoring and Evaluation, it involves identifying the needs or requirements of stakeholders and developing strategies to address them. Related terms: Gap analysis, root cause analysis, performance gap analysis.
Objective #
A specific goal or target, in Performance Monitoring and Evaluation, it involves setting objectives and evaluating performance against them. Related terms: Goal, target, performance target.
Outcome #
The result or consequence of a particular action or set of actions, in Performance Monitoring and Evaluation, it involves evaluating the outcomes of capital expenditures. Related terms: Output, impact, effect.
Output #
The product or result of a particular process or activity, in the context of Capital Expenditures, it involves evaluating the outputs of capital expenditures. Related terms: Input, outcome, product.
Performance #
The achievement of goals and objectives, in Performance Monitoring and Evaluation, it involves evaluating performance against established goals and objectives. Related terms: Achievement, accomplishment, success.
Performance Budgeting #
A type of budgeting that involves allocating resources based on performance goals and objectives, in Performance Monitoring and Evaluation, it involves allocating resources to achieve specific performance goals and objectives. Related terms: Performance-based budgeting, outcome-based budgeting, results-based budgeting.
Performance Gap #
The difference between current and desired performance, in Performance Monitoring and Evaluation, it involves identifying performance gaps and developing strategies to address them. Related terms: Gap analysis, needs assessment, root cause analysis.
Performance Indicator #
A metric or measure used to evaluate performance, in Performance Monitoring and Evaluation, it involves developing and using performance indicators to evaluate performance. Related terms: Key performance indicator, metric, benchmark.
Performance Management #
The process of planning, monitoring, and evaluating performance, in Performance Monitoring and Evaluation, it involves managing performance to achieve specific goals and objectives. Related terms: Performance monitoring, performance evaluation, performance improvement.
Performance Monitoring #
The ongoing process of collecting and analyzing data to track performance, in Performance Monitoring and Evaluation, it involves monitoring performance against established goals and objectives. Related terms: Monitoring, surveillance, supervision.
Performance Target #
A specific goal or objective, in Performance Monitoring and Evaluation, it involves setting performance targets and evaluating performance against them. Related terms: Goal, objective, benchmark.
Policy #
A set of principles or rules guiding decision-making and behavior, in the context of Capital Expenditures, it involves developing policies to guide capital expenditures. Related terms: Strategy, plan, guideline.
Priority #
Based Budgeting: A type of budgeting that involves allocating resources based on priorities, in Performance Monitoring and Evaluation, it involves allocating resources to achieve specific priorities.
Process Evaluation #
A type of evaluation that assesses the processes or systems used to achieve a particular goal or objective, in Performance Monitoring and Evaluation, it involves evaluating the processes used to achieve capital expenditures. Related terms: Impact evaluation, outcome evaluation, effectiveness evaluation.
Productivity #
The ability to produce a high volume of goods or services with minimum waste, in Performance Monitoring and Evaluation, it involves evaluating the productivity of capital expenditures. Related terms: Efficiency, effectiveness, output.
Program Evaluation #
A type of evaluation that assesses the effectiveness or impact of a particular program or project, in Performance Monitoring and Evaluation, it involves evaluating the performance of capital expenditures.
Program Theory #
A conceptual framework outlining the underlying assumptions and relationships of a program or project, in Performance Monitoring and Evaluation, it involves developing a program theory to evaluate the performance of capital expenditures. Related terms: Logic model, theory of change, causal model.
Project Evaluation #
A type of evaluation that assesses the effectiveness or impact of a particular project, in Performance Monitoring and Evaluation, it involves evaluating the performance of capital expenditures.
Project Management #
The process of planning, organizing, and controlling resources to achieve a specific goal or objective, in Performance Monitoring and Evaluation, it involves managing projects to achieve specific performance goals and objectives. Related terms: Project planning, project control, project coordination.
Quality Assurance #
The process of ensuring that products or services meet specific standards or requirements, in the context of Capital Expenditures, it involves ensuring that capital expenditures meet specific quality standards. Related terms: Quality control, quality management, total quality management.
Resource Allocation #
The process of allocating resources, such as funds, personnel, or equipment, to achieve specific goals and objectives, in Performance Monitoring and Evaluation, it involves allocating resources to achieve specific performance goals and objectives. Related terms: Resource management, resource planning, budgeting.
Result #
Based Budgeting: A type of budgeting that involves allocating resources based on expected results or outcomes, in Performance Monitoring and Evaluation, it involves allocating resources to achieve specific results or outcomes. Related terms: Performance-based budgeting, outcome-based budgeting, priority-based budgeting.
Results #
Based Management: The process of managing and evaluating performance based on expected results or outcomes, in Performance Monitoring and Evaluation, it involves managing and evaluating performance based on expected results or outcomes. Related terms: Performance management, performance monitoring, performance evaluation.
Return On Investment #
A measure of the return or profit generated by a particular investment, in Performance Monitoring and Evaluation, it involves evaluating the return on investment of capital expenditures. Related terms: Cost-benefit analysis, investment appraisal, project evaluation.
Risk Management #
The process of identifying, assessing, and mitigating risks, in Performance Monitoring and Evaluation, it involves managing risks associated with capital expenditures. Related terms: Risk assessment, risk analysis, risk mitigation.
Root Cause Analysis #
A method used to identify the underlying causes of a problem or issue, in Performance Monitoring and Evaluation, it involves identifying the root causes of performance gaps and developing strategies to address them. Related terms: Gap analysis, needs assessment, performance gap analysis.
Stakeholder #
An individual or group with an interest or stake in a particular project or organization, in Performance Monitoring and Evaluation, it involves identifying and engaging stakeholders in the performance monitoring and evaluation process. Related terms: Stakeholder engagement, stakeholder analysis, stakeholder management.
Stakeholder Engagement #
The process of communicating and involving stakeholders in the performance monitoring and evaluation process, in Performance Monitoring and Evaluation, it involves engaging stakeholders in the development and implementation of performance monitoring and evaluation plans. Related terms: Stakeholder analysis, stakeholder management, communication strategy.
Strategy #
A plan or approach outlining how to achieve a specific goal or objective, in Performance Monitoring and Evaluation, it involves developing a strategy to achieve specific performance goals and objectives. Related terms: Plan, approach, roadmap.
Theory Of Change #
A conceptual framework outlining the underlying assumptions and relationships of a program or project, in Performance Monitoring and Evaluation, it involves developing a theory of change to evaluate the performance of capital expenditures. Related terms: Logic model, program theory, causal model.
Total Quality Management #
A management approach that involves ensuring that products or services meet specific standards or requirements, in Performance Monitoring and Evaluation, it involves ensuring that capital expenditures meet specific quality standards. Related terms: Quality assurance, quality control, quality management.
Value For Money #
A measure of the value or benefit generated by a particular investment or expenditure, in Performance Monitoring and Evaluation, it involves evaluating the value for money of capital expenditures.
Zero #
Based Budgeting: A type of budgeting that involves allocating resources from a zero base, rather than from a previous budget or baseline, in Performance Monitoring and Evaluation, it involves allocating resources to achieve specific performance goals and objectives. Related terms: Activity-based budgeting, priority-based budgeting, performance-based budgeting.