To meet project objectives and secure timely delivery of outputs require close and systematic monitoring and periodic evaluation. Success with development and investment activities thus depends to a large degree on choice of project strategy, activities and input. Thought through monitoring procedures to cover progress, managerial and economic/financial aspects of the projects form necessary and integrated parts of the implementation process. Periodic evaluation should also become a must when setting up the project design to allow for comprehensive assessments and secure timly adjustment of outputs and activities.

Auditing procedures are not only requested by government intitutions and private inestors. Timely auditing is a useful tool to establish detailed pictures of the project preparation and implementation process. Lessons learned from evaluation and auditing activities are applicable towards future project design to optimise the use of otherwise scarce resources.

BELCO Ltd. has carried out monitoring, evaluation and auditing work in 15 countries for donors and private clients. Services range from country program, thematic and aid form evaluation via large scale integrated water and power supply management projects (investment values of up to Us$ 3.5 billion), to management evaluation and audit of individual large enterprises and SME-companies.