Monitoring and evaluation of public-sector investment in the uk

Abstract

There have been substantial improvements in the monitoring and evaluation of public-sector investment in the UK during the last decade, thanks largely to the importance attached to it at prime ministerial level during the 1980s. The Treasury performs a key co-ordinating and motivating role, whilst not attempting to standardise methods or procedures. It is widely accepted (although difficult to prove) that all this investment of effort and resources has resulted in significant improvements in the efficiency and effectiveness of public-sector investment. There is still plenty of scope for further improvements, notably in the fields of more systematic project-cycle management, better evaluation methodologies, and more effective feedback of the results. © 1994 Taylor & Francis Group, LLC.