2. Evolving development landscape
Empowered communities, an enlightened civil society and path-breaking
legislations (such as the Right to Education Act, Right to Information Act, the
Companies Act, 2013, etc.) in India are increasingly leading to accountancy
and transparency assuming centre stage in most of the recent development
discussions and debates. In addition, the gradual shift in focus of donors
towards sustainability supports the general consensus that development funds
now need to be properly accounted for, efficiently used and optimally deployed
in order to help generate maximum ‘value for money’.
Development sector institutions are now ready to transform themselves into
professionally-managed organisations so as to effectively manage their risks.
This has led to an increased demand for technical assistance to develop strong
governance and oversight mechanisms (and intrinsic capacities), institute
processes for monitoring and evaluation as well as build appropriate control
systems to deal with any instances of fraud, prevent misappropriation of funds,
ensure compliance, etc.
With development spending (by the state, corporates or donors) set to increase
exponentially, funders as well as development institutions shall require
assistance to adequately manage their risk management concerns in order to
help ensure the efficiency and effectiveness of service delivery on the ground.
Increasing social awareness
and enlightened communities
are forcing corporates as well
as donors to commit more, and
behave in an accountable and responsible manner.
Charitable foundations are increasing their focus
on efficiency and effectiveness of delivery, and are
more focussed on sustainability.
Home-grown donors are increasingly emphasising
‘value for money’ and are more outcome driven.
3. A wide spectrum of risk management
solutions
Aspects such as ‘value for money’, ‘increased accountability’ and ‘enhanced
transparency’ have obvious implications on genuine outcomes and impact.
However, they also necessitate the following:
• Robust and sound methodologies to establish the ‘integrity’ of
development fund recipients (NGOs)
• Development of tools and frameworks that allow sponsors or funders to
assess the ‘effectiveness’ and ‘efficiency’ of their funded interventions
• Clearly articulated guidelines and policy frameworks that ensure a
cohesive alignment and understanding of the strategy from the ‘board’ to
the ‘executive’ level and then right down to the ‘implementation team’
• Mechanisms (of checks and balances) to be put in place to help reduce
instances of ‘fraud’ and ‘corruption’
• Increased and continuous vigilance for improved ‘corporate governance’
PwC’s customised approach
At PwC, we can help you develop proactive approaches as well as solutions
that can help you strategise, manage, monitor and evaluate your supported
programmes and initiatives. Our IDEAS offering has accordingly been
developed to help you achieve the following:
• Ensure aid efficiency and transparency
• Monitor, evaluate and report on delivery and progress
• Facilitate institutional capacity development, among others
Impact
• End-of-term ‘impact assessment’ of CSR/
development programmes/government schemes
• Social return on investment (SROI)
• Cost-benefit analysis (CBA)
Documentation
• Process documentation
• SOP and controls preparation
• Thought leadership and knowledge
management support
Assessment
• Due diligence assessment
• Current state (‘as-is’) assessment (review of
internal control systems)
• Benchmarking
• Baseline surveys (S-E baseline, etc.)
Evaluation
• Project evaluation (from an IRECS perspective)
• Grant expenditure evaluations
• Concurrent third-party monitoring
• Fraud investigation
• Developing and managing MIS
Solutions
