How Well do Project Management Reports Reduce Risks? a Comparison Between the World Bank and Government of Malaysia Project Management Reporting in the Educational Sector Support Project (ESSP)  

Oleh:

Aris, Sulaiman

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: International Journal of Arts and Sciences vol. 06 no. 02 (2013), page 515-550.
Topik: Financial management system; Project management reports; Procurement procedures; Risk management
Fulltext: 06_02_37_Aris.pdf (850.24KB)

Isi artikel

The study seeks to clarify why donors such as the World Bank still insist on the use of their financial management system rather than the recipient country’s financial management system, despite the intention under the Paris Declaration 2005 to use the respective government’s systems. The study then explores the reasons why the financial management system used by the World Bank is more effective in managing risks related to public financial management and aid as compared to the Government of Malaysia approach. The study compares financial management by the World Bank and Ministry of Education, Government of Malaysia, in their parallel implementation of Educational Sector Support Projects (ESSP) under the Eighth Malaysian Plan, 2001-2005. The quality of financial management of projects in two systems is compared using established criteria of good financial management practice. Findings are based on evidence from interviews, documentation and direct observations. The study demonstrates the significant roles in reducing risks played in the World Bank approach by the high quality of Project Management Reports/Financial Management Reports (PMR/FMR) as part of a better procurement procedure. The implication is that more effective risk management and financial management reporting were needed by the Ministry of Education in implementing the ESSP under the Eighth Malaysian Plan 2001 – 2005 and can be introduced worldwide in both governments and private organisations.

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