Abstract
PurposeThis paper aims to examine the role of project monitoring and evaluation (M&E) in international development (ID) project stakeholders' relationships. This study draws on agency theory to examine the specific role M&E plays in improving ID project impact.Design/methodology/approachQualitative data comprising of in-depth interviews were collected from ID project stakeholders such as project donors, implementing partners and steering committee members.FindingsResults of the study show that project M&E activities can serve multiple purposes including the collection of data for the assessment of inputs, outputs, outcomes and impact. This information is shared with stakeholders to assist in evidence-based decision-making to improve project impact on community. This study shows that M&E activities strengthen the relationship between stakeholders by involving multiple stakeholders at different stages of ID projects to identify community needs and to demonstrate the positive community impact. Agency issues such as goal incongruence, information asymmetry and risk-sharing affect the relationship between the stakeholders. Investing in different M&E activities can reduce these issues, ultimately leading to a positive impact at the community level.Originality/valueThere has been limited research that explores the principal-agent relationship between project stakeholders of ID projects through the lens of agency theory. The role of M&E to collect project data and address agency issues between project stakeholders to improve project impact is the novel contribution of this paper.
Subject
Strategy and Management,Business and International Management
Reference83 articles.
1. Agency relationships of project-based firms;International Journal of Project Management,2021
2. Analysis of cost and schedule performance of international development projects;International Journal of Project Management,2010
3. Interpersonal conflict and its management in information system development;MIS Quarterly,2001
4. Salesforce compensation plans: an agency theoretic perspective;Marketing Science,1985
5. Success factors and criteria in the management of international development projects: evidence from projects funded by the European Union in Ethiopia;International Journal of Managing Projects in Business,2016
Cited by
5 articles.
订阅此论文施引文献
订阅此论文施引文献,注册后可以免费订阅5篇论文的施引文献,订阅后可以查看论文全部施引文献