2. Why we need Public investment management (PIM)?.
• Any Government in the world have it’s own projects wants to
establish and achieve as it wish to rise up the wealth of
country nation, reaches it’s own strategic goals and increasing
country citizen welfare; most of projects planned to be
achieved it is really achieved in effective way, but with result
doesn’t match expectation the project established for, very
high wasted resource.
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3. • so the project is effective but not efficient, sometimes project
implementation processes have to stop and closing cause it’s
inefficient economically and financially.
• in general we need PIM to ensure projects selection depends
on public benefit and to be achieved in efficient and effective
way.
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4. • Every Government have it’s own strategies mission goals and want
to achieve projects that going with it’s strategies side by side in same
truck, so we can drive standers of project achievement from
national goals and strategies then oversight projects implementation
throughout it’s strategies to make sure implementation process is on
truck .
• we must make sure there is enough sufficient economically and
financially studies and there is no briars in project implementation.
beast practice after studies and evaluating, projects should be viewed
by independent parties for enhancement transparency and make sure
there is no biased selection of it .
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5. • the only Projects in a line with strategies, been fully studied and will
achieve public benefit should be selected and preparing it’s budget
for implementation according to clear planned tasks, implementation
stage is so critical stage cause any change in planes _changes order_
(CO) may get the project to be closed or inefficient, if we have to
apply a CO we should reevaluate project making sure it is still
efficient economically and financially. we should realize CO results
over budget and out of project timeframe causing delays in
execution phase, means absolutely more cost.
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6. • so implementation stage should be flexible as could as be possible in
dealing with CO, I prefer CO should be reduced as enough to
avoiding cost rising and uncontrolled variables may effect project
implementation. we can kind-off manage CO throughout good
planning and sufficient studies in previous stages.
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7. Project cycle
• Project idea, in which describing in generally project goals, expected
output, benefits and making sure it is going with strategies, there is
enough demand on project output and determining required Data
will be needed.
• Pre-evaluation, in which we provide a summery description of
project and if there is need for additional data, determining variables
effect project implementation, risk sources and how to reduce and
making sure there is no barriers to implement and operate the
project.
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8. • Evaluation stage, making accurate expectations about what we want
to achieve throughout studies and multiple plane for different
scenarios trying to minimizing risks, how much we control variables,
and for sure determining if the project efficient economically and
financially through it’s life.
• Pre-execution stage, in which we design detailed implementation
process determining tasks and required resources.
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9. • Execution stage, implement project according to plans, in which we
should have monitoring and evaluating system making sure
implementation doing well, during this stage dealing with CO we
should be flexible as could as possible reducing costs and wasting
time, and repeating good planning reducing CO and keeping us on
planned truck.
• Closing evaluation, after (3-5) years of assets operation we make a
comparison between project expectations and what have been
achieved and determining critical variables responsible about project
success as experience for further projects.
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