News & Events
2008 NEWS
This is the seventh and final article series of our commentary on the GFOA recommended practices for Capital Project Monitoring and Reporting. We have found as with most of the recommended practices a broad array of approaches to evaluation of monitoring and reporting practices. Our comments will focus on some the big picture benefits of the last three recommendations.
Evaluate monitoring and reporting activities.In order to assure that capital project monitoring and reporting practices continue to be effective and relevant to the organization, jurisdictions should conduc a periodic review of these practices, including at minimum...
- Part I:Identify and incorporate jurisdictional and fiduciary requirements…
- Part II:Identify external and internal stakeholder's information needs
- Part III:Plan and design systems to collect, store and analyze project data…
- Part IV:Regularly monitor capital projects’ financial and project activity
- Part V:Report on project status and activities
- Part VI:Project close-out.
- Part VII:Evaluate monitoring & reporting activities
