6 Key Benefits Of Monitoring & Evaluation

Monitoring and Evaluation (M&E) is one of the most important parts of any program that plays a crucial role during project assessment. Its main goal is to improve outputs, outcomes, and impact by providing detailed information on assessed projects and areas that needs improvement.

Here are the main benefits of monitoring and evaluation:

1. Gives Clear and Concise Information on What is Happening

When carrying out any project, it is crucial to keep in mind data clarity. When carrying out surveys, it is possible to end up with tons of information and results that can be time-consuming when working through it.

2. Input Monitoring

The monitoring aspects helps during the assessment of the results which the input has on the project. With monitoring, you can know whether you are benefiting or you are wasting the resources which might not bring positive results. You will also be able to check if there are resources that need to be added to ensure that you achieve success. You can now decide to implement more resources into the projects or to withdraw resources before they are wasted.

3. Risk and Reward Evaluation

Monitoring and evaluation helps you to check the risk that might be encountered versus the benefit or reward. Established organizations may have a lot of information used during decision-making, unlike newly established organizations.

4. Assessing New Possibilities

Making use of monitoring and evaluation tools gives you clear data that can be crucial when identifying weaknesses. It can also help you identify opportunities that might come by. With the world of finding results, new possibilities can be encountered hence you should spend more time focusing on the current things and also new possibilities to avoid missing bigger opportunities.

5. Overall Progress Report

When carrying out any project, stakeholders wish to see results which can take some time. With an overall progress report, you can frequently update stakeholders on activities. The progress report can lead to generating more funds for the expansion of projects. It can also while also stop you from wasting resources on useless projects that may not provide results.

6. Innovation and diversity of Opinions and Thoughts

Monitoring and evaluation can help fuel innovative thinking and methods for data collection. While some fields require specific methods, others are open to more unique ideas. Innovative tools provide new perspectives on data and new ways to measure success. The more information the better. Every team member offers an important perspective on how a project or program is doing. Encouraging diversity of thought and exploring new ways of obtaining feedback enhance the benefits of monitoring and evaluation. In good monitoring and evaluation plans, all voices are important.

Wrap-Up

Equipping yourself with monitoring and evaluation skills is very crucial when carrying out any project and it can help the organization make decisions and spend the resources wisely.  Carrying out a blind project may lead to failure hence it is good to monitor projects and determine their success. Without proper monitoring & evaluation, you can easily lose the trust of stakeholders.

Would you like to improve your skills in Monitoring and Evaluation? Sign up for this Monitoring and Evaluation Course.