MIF’s Project Status Report Monitoring Tool

This case study is a part of a series published by CGAP to highlight important lessons and share innovative tools and approaches from specific organizations that can be replicated and used in other organizations. The Project Status Report (PSR) tool, used by the Multilateral Investment Fund (MIF) to monitor its grant projects, is discussed in this study. It is a part of MIF’s project monitoring system, which was designed with an emphasis on risk management. The tool serves three purposes: it allows MIF’s grantees or clients to enter project information directly into the system, it incorporates milestones for disbursement, and it takes into consideration component indicators, purpose indicators, and risks that affect the execution of a project. The tool:

• Allows MIF’s grantees to actively participate in reporting progress during the project implementation phase, together with MIF specialists and project supervisors;
• Expedites work flow and communication among members of the management team;
• Provides project status summary reports and facilitates the extraction of lessons learned for portfolio management;
• Provides MIF with the information needed to develop knowledge products, which can facilitate learning and decision making throughout the organization.